Decrease in turnover in the first quarter

In “Life”, the turnover amounted to 1.278 billion dirhams, an increase of 1.7%, driven by the growth of the provident business and the good performance of savings, indicates Wafa Assurance in a financial press release. . In “Non-Life”, turnover reached MAD 1.623 billion in Q1-2021, down 5.3% compared to the end of March 2020, due to the effects of seasonality and the repercussions of the economic slowdown linked to the Covid-19 crisis, said the same source.

Technical provisions net of reinsurance increased by 5.9% to MAD 34.9 billion and investments allocated to insurance operations increased by 7.5% to MAD 35.9 billion.

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