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
-
Ghana's 3Farmate Bets on Robotics to Transform African Farming
14:49
-
Togo Exceeds Bond Target as Strong Demand Drives 4x Oversubscription
14:46
-
Dr. Beaugrain Doumongue: “In Africa, Competitive Intelligence Often Stops at Information Gathering”
12:15
-
Mauritania Moves to Digitize National Exams to Improve Transparency
04:19
-
World Bank Considers Financing Uganda’s Long-Delayed Standard Gauge Railway
04:16
-
Mali's New Fuel Stockpile: 45 Days of Buffer Against a Longer Crisis
04:12
-
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
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
ECOWAS and IMF sign cooperation framework to strengthen policy alignment West Africa’s grow...
West African Development Bank plans CFA6,500 billion ($11.5 billion) in financing for 2026–2030. ...
Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...
West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...
Failing to anticipate market shifts can be costly for African businesses operating in increasingly competitive and volatile environments. Yet many still...
Project targets reduced errors, better traceability and fairness Initiative part of broader government digital transformation efforts Mauritania is...
Uganda seeks World Bank support for $3 billion railway project Funding aims to revive delayed Kampala–Malaba standard gauge line Project...
Since September 2025, Mali has been facing an unprecedented fuel supply crisis, triggered by a blockade of fuel tanker convoys imposed by the jihadist...
“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...