Egypt - Compensation paid by ins. up 16.3% in 8 m
Tuesday, 10 29 2019, Category: Insurance and Reinsurance, Country: Egypt
Compensation paid to clients by insurance companies operating in Egypt surged 16.3 percent during the first 8 months of this year, the country’s market regulator announced on Saturday.
Compensation registered 10.6 billion Egyptian pounds ($657.8 million) against 9.1 billion pounds during the first 8 months of 2018, said the Egyptian Financial Regulatory Authority (FRA) in its monthly report.
“Public and non-life insurance companies operating in the Egyptian market have paid 8-month compensation of 5.4 billion pounds from 4.7 billion pounds during the same period last year, marking a 15.1 percent growth,” FRA said.
Source: Amwal Al Ghad