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Assurances ARO, 2015 results

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Magazine Issue: 
The digital technology, a new battle field [3]
Magazine date: 
Oct 2016

The company Assurances ARO closed the year 2015 with a net result of 10.24 billion MGA (3.24 million USD), up by 11.03%(1) compared to 2014.

In 2015, the insurer's premiums increased by 15.53% amounting to 125 billion MGA (39.45 million USD) against 110 billion MGA (42.95 million USD) in 2014.

Assurance ARO whose majority shareholder is the Malagasy State (73.35%) holds 63% of the local insurance market. The P & C business represents 88% of its portfolio.

(1)Rates are calculated in local currency

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Wed, 19/10/2016 - 15:39

Source URL: https://www.atlas-mag.net/en/article/assurances-aro-2015-results

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[3] https://www.atlas-mag.net/en/issue/the-digital-technology-a-new-battle-field
[4] http://www.atlas-mag.net/en/article/assurances-reassurances-omnibranches-aro