Egypt – Insurers pay 25% of revenues as admin expenses
Friday, 06 07 2019, Category: Insurance and Reinsurance, Country: Egypt
Despite the decrease in administrative expenses of the private insurance sector especially at the life insurance companies i.e. 15.97% in 2018 compared to an average of 17.29% in year 2017, the detailed financials of insurers showed that some insurers had higher expenses. And for some insurers, the administrative expenses reached 25% of revenues noting that the expenses ratio represents administrative expenses divided by total direct premiums.
Source: Al Mal News