Egypt – Loss ratio reaches 40% in August 2018
Tuesday, 10 23 2018, Category: Insurance and Reinsurance, Country: Egypt
An informed source of the Egyptian Financial Regulatory Authority said that the increase in the technical loss ratio (claims over premiums) of insurance companies during the last month of August increased to 40% compared to 34% during August 2017.
Moreover, the source said that this increase in the loss ratio is due primarily to property insurance of which the loss ratio reached 78.7% in August 2018 compared to 57.1% during the same month last year.
Source: Al Masdar