Egyptian takaful ins. companies’ H1 premiums jump 141.3%
Friday, 09 06 2019, Category: Islamic Insurance, Country: Egypt
Premiums by Egyptian takaful insurance companies skyrocketed by 141 percent year-on-year during the first half of the year, said the country’s market regulator in a report on Thursday.
Premiums recorded 4.5 billion Egyptian pounds ($273.5 million) during the first half of the year from 1.8 billion pounds during the same period last year.
Commercial insurance companies’ first-half premiums rose 24.1 percent to 23.2 billion pounds against 18.7 billion pounds during the same period last year, the Egyptian Financial Regulatory Authority’s (FRA) monthly report showed on Thursday.
Source: Amwal Al Ghad