Albaraka  and AXA Assurance Maroc signed a partnership agreement on January 23, 2014 for the marketing of a range of Micro-Insurance products in favor of Albaraka  customers.

The offer, developed jointly by the two Institutions, includes a wide range of innovative products adapted to the needs and specificities of the urban and rural micro-entrepreneurs. The offer proposes at the same time provident insurance products in relation with the risks of death, disability and hospitalization, and damage insurance products, namely fire and flood insurance, home insurance, and professional insurance. Albaraka customers, primarily made up of low-income micro-entrepreneurs, without access to insurance services, will benefit from an insurance coverage for their property and activities, allowing them to carry out their income-generating projects and deal with the events and risks likely to cause damage and losses. The Micro-Insurance products will be marketed nationwide via Albaraka network of 180 agencies. Through this partnership, Albaraka confirms its mission in favor of financial, economic and social inclusion of disadvantaged populations, support of micro-enterprises creation and development, and promotion of employment.

AXA Assurance Maroc confirms, for its part, its role of socially responsible company, committed to supporting the economic integration of low-income populations.