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AtlantaSanad: 3.7% drop in turnover as at 30 September 2023

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Magazine Issue: 
Reinsurance renewal 2024 : An upturn or just a respite? [3]
Magazine date: 
Dec 2023

AtlantaSanadAtlantaSanad has ended the first three quarters of 2023 with a 3.7% decline in turnover to 3.991 billion MAD (383 million USD).

The non-life premiums stood at 3.167 billion MAD (303.9 million USD) on 30 September 2023, down by 0.9% over one year. As for life underwriting, it amounted to 824 million MAD (79.1 million USD), falling by 13.2% compared with the same period of 2022.

This decline is mainly due to the slowdown in the marketing of unit-linked products.

Read also | AtlantaSanad: stagnant turnover in 2022 [4]

Mon, 04/12/2023 - 15:00

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