Egypt – EGP 684 million Takaful claims in 10m
Tuesday, 01 30 2018, Category: Islamic Insurance, Country: Egypt
Takaful companies operating in the Egyptian market paid EGP 684.3 million during the first 10 months of last year.
The property Takaful claims paid reached around EGP 602.3 million by the end of the month of October representing 14.5% of total claims in the property insurance market and its loss ratio (claims to premiums) reached 42.7%.
Most of the property Takaful claims were concentrated in fire insurance 34% at EGP 205.2 million, followed by comprehensive motor 31% at EGP 184.6 million.
Source: Amwal Al Ghad