Egypt – Engineering claims at EGP 164 million in 9m
Monday, 01 08 2018, Category: Insurance and Reinsurance, Country: Egypt
The engineering claims paid by insurance companies increased from EGP 112.2 million in the first 9 months of year 2016 to EGP 164.7 million during the same period last year with a growth rate of 46.8%.
Moreover, the share of engineering insurance in the total claims paid in the property category increased to 4.3% compared to 3.4% in the first 9 months of year 2016.
The general and property insurance companies paid EGP 3.7 billion during the first 9 months of the current year compared to EGP 3.3 billion during the same period last year.
Source: Amwal Al Ghad