Morocco: insurer AtlantaSanad's turnover grew by 4.6% in H1 2021
Monday, 27 September 2021 18:03
A year after it was born from the merger between Atlanta and Sanad, AtlantaSanad Assurance has released its financial results for the six months ended June 30, 2021. The company posted a turnover of MAD3.02 billion ($335 million), up 4.6%.
The performance was driven by the life segment which grew by 13.5% thanks to the recovery of the savings and pension activity. The non-life segment increased by 2.2% over the period. When compared to the second quarter of the year, the increase in revenue at the end of June 2021 was lower. From April to June 2021, AtlantaSanad's revenues rose by 7.3%, the best performance since January 2021.
In 2020, AtlantaSanad reached the top 5 Moroccan insurance companies with high market, alongside Wafa Assurance, RMA, Mutuelle Taamine Chaabi, and Saham Assurance. They have concentrated a market share of 69% of life and non-life insurance premiums written in Morocco.
Chamberline Moko
Live News
-
Gulf Transfers to Cameroon Rebound to CFA11.8 Billion but Remain Marginal
21:02
-
Douala Sets Aside CFA1.8 Billion to Compensate Residents for Wouri Riverside Road
20:59
-
Cameroon’s Banana Exports Jump 22% in March, Driven by PHP
20:56
-
EU Funds Coastal Surveillance to Curb Illegal Fishing in Cameroon
20:54
-
Ethiopia Rolls Out National EV Charging Network in E-Mobility Push
20:49
-
Angola Issues $185M in Bonds to Recapitalize State Airline Ahead of Privatization
20:40
-
Togo returns to regional market with 30 billion CFA francs bond offering on April 17
19:56
-
CEMAC Lending Rises 10.7% in 2025 as Bad Loans Edge Lower
19:23
-
Côte d'Ivoire's PETROCI raises $358M for Phase 2 of Baleine oil field
18:57
-
Togo, Benin move to formalize cross-border horticultural trade
14:32
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
MTN Ghana completes separation of mobile money into new entity Move aims to boost fintech growth ...
Ethiopia rolling out nationwide EV charging network, EEU says First phase includes 40 stations, mainly in Addis Ababa Plan supports rapid EV growth,...
Angola issues $185 million bonds to recapitalize TAAG Move aims prepare airline for partial privatization, attract investors Restructuring...
PETROCI raises 200 billion CFA francs to fund Baleine project Financing supports Phase 2 expansion, prepares launch of Phase 3 Project boosts...
Senegal launches solar-plus-storage projects to boost grid stability Diass project adds first battery system, backed by KfW, AFD Linguère...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...