Egypt – H1 Takaful premiums EGP 2.1 billion
Friday, 09 22 2017, Category: Islamic Insurance, Country: Egypt
Takaful insurance companies wrote premiums amounting to EGP 2.1 billion during the first half of the current year. The report of the Egyptian Financial Supervisory Authority showed that Personal Takaful Insurance companies wrote EGP 1.14 billion until the end of the last month of June distributed over EGP 258 million for individual contracts and EGP 883.3 million for group insurance.
The personal Takaful insurance activities represent 10.3% of the issuances of personal insurance companies in the market.
Moreover, the portfolio of property Takaful insurance companies reached EGP 919.7 million during the first half of the current year, which are concentrated in comprehensive motor insurance 23%, followed by fire insurance 19% and then compulsory motor 13%.
Source: Amwal Al Ghad