SAHAM Finances is the insurance arm of the SAHAM Group and mainly works in the insurance, Assistance and Third party Administrator (TPA) sectors, by bringing together two flagship brands: SAHAM Assurance and SAHAM Assistance.
Today a truly pan-African leader, SAHAM Finances has been actively implementing its growth strategy in Africa and the Middle East, as a result of targeted acquisitions of several leading insurance companies, such as CNIA Assurance (Morocco, 2005), Colina Group (13 African countries, 2010), Global Alliance Seguros Angola (Angola, 2012) and LIA Insurance (Lebanon, 2012).
Key figures
“SAHAM Finances has confirmed its financial strength as well as its position as a pan African leader by reaching a consolidated turnover of one billion dollars. Encouraged by this success, SAHAM Finances aims to continue its regional expansion by optimising its close relationship with clients and by consolidating its market share in the various countries in which it is present. “
Raymond FARHAT, CEO SAHAM Finances
Today as a truly pan African leader, SAHAM Assurance relies on a network of over 650 agencies and distinguishes itself through its primarily client based strategy. According to the distribution of written premiums, Morocco is the first contributor to the insurance arm of SAHAM Finances with 48%, followed by Angola 17%, the Ivory Coast 11% and Lebanon 10%.
Turnover by Region
Saham Foundation
Born in 2008, to strengthen the impact of the Group’s ethical values, Saham Foundation supports socio-economic development by helping underserved populations in countries of Africa and the Middle-East.
The Foundation programmes draw on the work of volunteers, including employees of the Group, to work together towards human development, access to healthcare and value creation to improve the living standards of populations.
Saham Foundation mainly works around three key areas:
- Facilitating the access to healthcare for disadvantaged populations in isolated areas: Taking Action for Health
- Fostering entrepreneurship by supporting youth projects: Taking action in the name of social entrepreneurship
- Raising youth awareness on entrepreneurship opportunities and initiative taking: Taking Action for the Youth
The Foundation's credo comes under the virtuous circle of development and inclusion of all:
