Egypt – Life insurers pay EGP 5.4 billion as claims
Wednesday, 06 14 2017, Category: Insurance and Reinsurance, Country: Egypt
Life insurance companies paid EGP 5.4 billion as claims to customers during the year 2015/2015 compared to EGP 4.4 billion paid in the previous year 2014/2015.
Moreover, non-life insurance companies paid EGP 4.9 billion as claims during year 2016 compared to only EGP 4 billion in the previous year.
“Misr Insurance” and “Misr Life” had the largest shares of claims in the year 2015/2016. Misr Life paid EGP 2.4 billion representing 44.3% of total life claims whereas Misr insurance – property paid EGP 2.7 billion representing 55.3% of total non-life claims in the market.
Source: Al Mal News