The indicators of Attijariwafa bank's subsidiary are green: the global turnover of Wafa Insurance amounted to 4.65 billion dirhams in the first half of 2019, up 3.1% compared to the same period of the previous year.
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By branch, non-life sales at first half of 2019 amounted to 2.39 billion dirhams, up sharply by 13.3%, thanks to good performances both in the commercial insurance market and in the personal market.
For its part, non-life sales in the second quarter amounted to 750 million dirhams, an increase of 11.5%. Life turnover in the second quarter of 2019 was down 9% to 1.22 billion dirhams due to the drop in savings, which absorbs the good momentum of Prévoyance products via bancassurance, explains Wafa Assurance. .
According to the company, this downward trend has turnover this segment for the first half of 2019 amounted to DH 2.26 billion, down 5.8%. As a result, the overall turnover for the second quarter of 2019 depreciated by 2.2% to 1.97 billion dirhams, says Wafa Assurance, noting that at the balance sheet level, the net reinsurance reserves increased by 9.2% to 30.6 billion DH
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