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Saham Assurance: Quarterly results in decline

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Magazine Issue: 
Aviation insurance in turmoil [3]
Magazine date: 
Jun 2020

Saham AssurancesWithin a state of economic uncertainty related to COVID-19, Saham Assurance [4] recorded a 6.7% decline in turnover for the first quarter of 2020.

The latter was established at 1.75 billion MAD (174.245 million USD). With a 35.1% drop compared to 31 March 2019, the life activity accounted for only 247 million MAD (24.593 million USD) in premiums at the end of March 2020.

Non-life underwritings reached 1.5 billion MAD (149.353 million USD), slightly increasing by 0.5% compared to the same period last year. The investments slightly rose by 0.8% to reach 14.6 billion MAD (1.453 billion USD).

Mon, 08/06/2020 - 08:23

Source URL: https://www.atlas-mag.net/en/article/saham-insurance-quarterly-results-in-decline

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[3] https://www.atlas-mag.net/en/issue/turbulence-in-aviation-insurance
[4] https://www.atlas-mag.net/en/article/saham-insurance-2020-results