Egypt – Takaful premiums reached EGP 1.9 billion in November
Monday, 02 08 2016, Category: Insurance and Reinsurance, Country: Egypt
Takaful insurance companies operating in the Egyptian market achieved premiums of EGP 1.9 billion during the first 11 months of last year.
The monthly reports of the Egyptian Financial Supervisory Authority showed that the premiums of Life Takaful reached EGP 1.2 billion during the first 11 months of last year divided into individual insurance 56.7% amounting to EGP 633.6 million and group policies 43.3% amounting to EGP 461.3 million.
It added that the number of new and inforce life insurance contracts reached 153.5 thousand of which 146.4 thousand policies were inforce representing 95.4% of total number of contracts.