Egypt – Comprehensive motor and fire insurance first branches
Monday, 02 27 2017, Category: Insurance and Reinsurance, Country: Egypt
The property insurance premiums reached EGP 6.3 billion during the first 11 months of year 2016 compared to EGP 5.5 billion during the same period in the previous year.
The comprehensive motor insurance branch was the first within property insurance during the first 11 months of year 2016, so it achieved EGP 1.8 billion from January to November last year against EGP 1.5 billion during the same period in the previous year. It also achieved a market share of 30%.
The report issued by the Egyptian Financial Supervisory Authority showed that the fire insurance branch achieved premiums exceeding EGP 874.8 million during the comparison period with a growth rate of 17%.
Source: Al Mal News