Egypt – Motor claims at EGP 1 billion in 7m
Wednesday, 10 25 2017, Category: Insurance and Reinsurance, Country: Egypt
Motor insurance claims amounting to EGP 1.03 billion represented 36.3% of all paid claims in non-life insurance during the first 7 months of the current year.
Comprehensive motor insurance represented 28.8% of non-life insurance claims with a value of EGP 820.2 million until last July against claims of EGP 726.5 million during the same period last year i.e. a growth of 12.9%.
Moreover, compulsory motor insurance represented 7.5% of these claims with a value of EGP 214.9 million during the first 7 months of the current year compared to claims of EGP 216.6 million paid unit the end of July 2016.
Source: Amwal Al Ghad