Egypt – EGP 1.1 billion Takaful insurance premiums in H1
Tuesday, 09 08 2015, Category: Insurance and Reinsurance, Country: Egypt
Mr. Sherif Samy the chairman of the Egyptian Financial Supervisory Authority said that the premiums of Takaful insurance contributions in the field of new force and in-force personal insurance (life) reached EGP 592 million during the first half of year 2015 representing 13% of personal insurance in the Egyptian market which reached during this period EGP 5.4 billion.
He added that concerning the Takaful premium contributions in the property branches they reached approximately EGP 487 million until the end of June 2015 representing 15.4% of property insurance premiums in the Egyptian market which reached EGP 3.15 billion during this period. The Takaful contributions were concentrated in compulsory motor 28%, fire 22% and comprehensive motor 20%.
Source: Al Mal News