Sanlam Maroc

Sanlam Maroc

CCSEMA:SAH
3,099.00
MAD
+214.00
(+7.42%)
Sanlam Maroc
CSEMA:SAH
(Casablanca Stock Exchange)

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3,099.00

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Business
Sanlam Maroc is a Morocco-based multi-line insurance company engaged in the underwriting, distribution, and management of non-life and life insurance policies, as well as assistance and financial protection solutions. Founded in 1949 and headquartered in Casablanca, Morocco, the company operates as a core operating subsidiary of the pan-African Sanlam Group, in partnership with Sanam Holding and Allianz through the SanlamAllianz joint venture, and is publicly traded on the Casablanca Stock Exchange under the ticker SAH. The company provides a comprehensive portfolio of personal and commercial insurance solutions across several key operating segments: Non-Life Insurance, including mandatory and comprehensive automobile insurance, third-party motor liability, personal accident coverage, homeowners and tenant property insurance, fire and natural catastrophe protection, marine cargo and transport insurance, construction and engineering all-risks coverage, commercial liability, and business interruption insurance; Life and Savings, comprising individual and group retirement savings schemes, education savings contracts, term life insurance, death and permanent disability coverage, and capitalized investment products; Health Insurance, offering individual and corporate group health coverage, hospitalization benefits, outpatient medical reimbursement, maternity care, and supplementary health schemes; and Assistance Services, encompassing 24/7 roadside emergency breakdown assistance, towing, replacement vehicle provision, medical repatriation, and domestic and international travel assistance. Sanlam Maroc serves individual policyholders, professionals, small and medium-sized enterprises, and large corporate institutions across Morocco through an extensive nationwide distribution infrastructure comprising exclusive tied agencies, direct commercial branches, independent broker networks, and bancassurance partnerships with leading financial institutions. In recent major developments, Sanlam Maroc completed the strategic merger-absorption of Allianz Maroc in July 2026, establishing a consolidated entity with an aggregate market share of approximately 13.7 percent and a market-leading non-life market share of roughly 23 percent. The transaction entailed a capital increase of 122.5 million Moroccan dirhams through the issuance of 1.225 million new shares and initiated the operational transition toward the unified SanlamAllianz Maroc brand. Additionally, the company has accelerated its digital transformation roadmap by expanding its proprietary mobile and digital platform with real-time automobile claims and repair tracking, digitized health reimbursement processing, and integrated healthcare ecosystem partnerships for online medical appointments, digital pharmacy geolocation, and specialized home care support.