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
-
Google Cloud and Liquid C2 Bet on Local Talent to Scale AI in South Africa
21:20
-
AfDB Launches Plan to Reorganize Africa’s Financial System, Not Just Fund It
21:14
-
Ethiopian Airlines and Asky Plan West Africa MRO Hub in Underserved Market
21:07
-
Cameroon’s Trade Gap With Gulf Narrows, but Energy Dependence Persists
21:02
-
Cameroon’s Frozen Fish Import Bill Surges as Local Supply Falls Short
20:41
-
Cameroon Steps Up Farm Mechanization With CFA400 Million Subsidy
20:30
-
Africa Emerges as a Global Outsourcing Hub, Led by South Africa, Nigeria and Kenya
20:28
-
Atos Teams Up With Morocco’s ABA Technology to Expand Sovereign AI in Africa
19:45
-
Togo plans 185 bln CFA francs in Q2 borrowing on WAEMU market
18:53
-
Togo strengthens regulatory control over measurement-related services
18:38
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...
New Johannesburg center aims to train partners and expand AI capabilities Focus on moving local firms from resellers to solution developers Initiative...
AfDB launches initiative to redesign how Africa mobilizes and deploys capital Financing gap exceeds $400 billion despite large domestic...
Ethiopian Airlines and Asky plan a regional aircraft maintenance hub West Africa faces a shortage of MRO infrastructure Project enters a growing but...
South Africa, Nigeria, and Kenya rank as Africa’s most competitive outsourcing hubs Seven African countries place in the global top 25, matching Asia’s...
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...