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
-
Rating agencies flagged Cameroon’s succession gap. A new law responds
19:39
-
BCEAO Imposes June 30 Deadline to Complete Instant Payments Integration
19:17
-
Gabon’s Okoumé Capital licensed as private equity fund manager
18:46
-
Central Africa’s GIMAC, Visa Sign MoU to Expand Interoperable Digital Payments
18:42
-
IMF appoints Mauritania’s Zeidane to head Africa Department
18:56
-
BCEAO sets June 30 deadline for operators to join instant payment platform
18:52
-
Cameroon higher education group plans microfinance bank for student startups
18:34
-
Internet Freedom in Africa Remains Uneven in 2026 Despite Rising Access
18:30
-
Cameroon Delivers Tractors to Agropoles to Scale Production and Agro-Processing
18:28
-
Togo receives CFA1.6B Chinese rice donation to support food security
15:01
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
Efforts to reinforce health systems are gaining pace across Africa, with this week’s developments fo...
Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...
ECOWAS and IMF sign cooperation framework to strengthen policy alignment West Africa’s grow...
The constitutional reform examined on April 2, 2026 in Cameroon goes beyond institutional change. By introducing a formal mechanism for presidential...
Deal follows bilateral talks on sanitary and technical standards New market could boost exports amid rising Uruguayan demand Egypt has been cleared...
Nigeria launches strategy to boost palm oil production Plan targets 10% global market share and sector reforms Country seeks self-sufficiency while...
Initiative targets infrastructure, climate-smart farming and productivity gains Project to benefit 13,000 farmers and create jobs The World Bank’s...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...