Egypt – decennial liability pool: EGP 33 million fees collected
Tuesday, 03 07 2017, Category: Insurance and Reinsurance, Country: Egypt
Mr. Kamal Mohamad the general manager of the Civil Liability from Construction Insurance Pool “decennial liability pool” said that the total fees collected by insurance companies on behalf of the pool were EGP 33 million duringthe past financial year 2015/2016 with a 10% growth compared to the EGP 30 million collected in the previous year.
He added in statements made to “Amwal Al Ghad” that the total number of companies, which practice this activity is 12 insurance companies adding that Royal Insurance posted a share of 41% of the compulsory construction insurance for year 2015/2016 followed by Egyptian Saudi Insurance House which posted a share of 21% whereas Misr General and Property Insurance wrote 13% of the business.
Source: Amwal Al Ghad