Egypt – EGP 1 billion energy premiums in 9m
Tuesday, 01 02 2018, Category: Insurance and Reinsurance, Country: Egypt
The premiums of insurance companies in the energy line (petroleum) increased to approximately EGP 1 billion during the first 9 months of last year compared to EGP 77.5 million during the same period of year 2016.
The market share of energy (petroleum) insurance increased from 1.6% by the end of September 2016 to 11.6% during the first 9 months last year. New oil fields contributed to the growth of petroleum insurance.
Moreover, the Takaful contributions related to petroleum insurance reached EGP 19.4 million during the first 9 months of year 2017.
Source: Amwal Al Ghad