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Revenues driven by Life insurance in the second quarter of 2021

Despite a difficult environment marked by the impact of the pandemic, Saham Assurance Maroc posted a good performance in its activities.

Thus, during the second quarter of 2021, Life turnover amounted to MAD 233 million, up 32.1% compared to the second quarter of 2020. Non-Life turnover reached 985 million. MDH, up 4.9% compared to the same period of 2020.

For the first 6 months of 2021, Saham Assurance Maroc achieved an overall turnover of 3.1 billion dirhams, up 8.3% compared to June 2020.

The half-year turnover of the Life activity amounted to MAD 498 million, up 17.7% compared to June 2020, under the effect of the resumption of bancassurance.

Non-Life turnover amounted to 2.61 billion dirhams, up 6.7% compared to June 2020.

As of June 30, the net technical provisions on the part of assignees increased by 2.9% compared to December 2020. Investments allocated to insurance operations amounted to MAD 14.8 billion, an increase of 0.3 % compared to December 2020.

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