Egypt – Insurance premiums of natural risks as 25% of claims
Saturday, 01 30 2016, Category: Insurance and Reinsurance, Country: Egypt
The technical studies prepared by the Insurance Federation of Egypt confirmed the importance of setting up a pool between member companies in order to write natural risks.
Moreover, Mr. Essam Mansour, the Health of the fire committee of the federation said that the study prepared by the committee on natural risks showed that the loss ratio is approximately 403%.
He added that the net premiums of damages caused by natural risks were EGP 48.7 million, which represents around a quarter of the claims paid amounting to EGP 196.33 million.
Source: Al Borsa News