Allianz Egypt Achieved EGP 1.1 Bln Premiums In FY 2011/12

Allianz Insurance Company-Egypt and Allianz Life Assurance Company-Egypt achieved premiums of EGP 1.1 billion FY 2011/2012.

Sources said Allianz Life Assurance Company-Egypt reported premiums of EGP 895 million and Allianz Insurance Company -Egypt achieved premiums of EGP 240.9 million at the end of last June.

Allianz is currently in talks with Mohamed Mahran, general manager at Chartis Insurance Company – Qatar, to hold the managing director position at Allianz, sourcse added.

The company studies the possibility of moving the headquarters from Dokki to El-Tagamu El-Khames (Fifth Settlement).

Allianz Insurance Company-Egypt has recently expanded in the service of collecting premiums from homes to Delta and Upper Egypt governorates.