Egypt - Takaful claims at EGP 463 million in H1
Thursday, 09 28 2017, Category: Islamic Insurance, Country: Egypt
Takaful companies paid a total of EGP 463.1 million in claims during the first half of the current year.
The monthly reports of the Egyptian Financial Supervisory Authority showed that the property Takaful claims reached EGP 412.3 million by the end of June 2017 representing 16% of the claims of the non-life insurance sector.
It added that most of the claims were concentrated in the Fire branch with a percentage of 46% followed by motor comprehensive with a percentage of 23%.
Source: Amwal Al Ghad