Egypt – EGP 2.2 billion Takaful premiums in 2017
Thursday, 03 09 2017, Category: Islamic Insurance, Country: Egypt
Mr. Sherif Samy chairman of the Egyptian Financial Supervisory Authority said that the total contributions of Takaful insurance in the personal lines (Life) for renewed and new business reached EGP 1.2 billion in year 2016, which represents 7.3% of the personal insurance market in Egypt amounting to EGP 16.5 billion.
He added that new and renewed business in property insurance reached approximately EGP 1.03 billion, which represents 14.3% of property insurance market amounting EGP 7.2 billion. Most of the premiums were generated by comprehensive motor with EGP 261 million and compulsory motor with EGP 223 million. Moreover, accidents insurance premiums reached EGP 155 million and fire insurance premiums reached EGP 147 million.