Egypt – EGP 1.6 billion Takaful premiums in 5 months
Wednesday, 08 16 2017, Category: Islamic Insurance, Country: Egypt
Takaful companies achieved a portfolio of premiums of EGP 1.6 billion during the first 5 months of the current year.
The premiums of personal Takaful lines reached around EGP 840.2 million by the end of the last month of May, representing approximately 9.2% of the issuance of personal insurance companies during this period.
Takaful insurance premiums are distributed over individual business at 25% and group business at 75% i.e. individual premiums reached EGP 211.6 million whereas group premiums reached EGP 628.6 million.
Source: Amwal Al Ghad