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Saham Assurance: turnover increase in Q1 2022

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Magazine Issue: 
Russia-Ukraine war, one big loser, the Lloyd’s of London [3]
Magazine date: 
May 2022

Saham AssuranceAs of 31 March 2022, Saham Assurance recorded an 8.1% turnover increase. The latter went from 1.891 billion MAD (206.29 million USD) in Q1 2021 to 2.045 billion MAD (209.41 million USD) twelve months later.

Non-life premiums increased by 10.3% to reach 1.794 billion MAD (183.71 million USD) at the end of March 2022.

During the period under review, life underwriting amounted to 251 million MAD (25.7 million USD), a decrease of 5.2% over one year.

The investments allocated to insurance operations amounted to 15.438 billion MAD (1.6 billion USD).

The net technical reserves reached 15.024 billion MAD (1.54 billion USD).

Read also | Saham Assurance: results increase in 2021 [4]

Wed, 01/06/2022 - 14:23

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