Insurance: Allianz Maroc officially merges into Sanlam Maroc

Sanlam Maroc and Allianz Maroc have completed their merger, which officially took effect on July 2 following several months of preparation and a regulatory approval process. The deal, part of the broader partnership between the Sanlam and Allianz groups across Africa, brings together two long-established insurers under a single company, reads a press release.

The merged entity now ranks as Morocco's fourth-largest insurer, with more than MAD 8 billion in combined gross written premiums and a 14% market share. It also becomes the country's leading non-life insurer, with a 23% market share, and operates through a network of 750 points of sale across the kingdom.

According to the company, the merger will gradually improve customer service, expand insurance offerings, boost innovation and strengthen its nationwide presence. In the meantime, existing insurance contracts remain valid until their expiry, claims will continue to be processed without interruption, customers will keep the same contacts, and no action is required from policyholders.

Subject to regulatory approval, the company will adopt the SanlamAllianz brand in the coming months, reflecting its ambition to become a leading player in Morocco's insurance sector.