AMIG Insurance: EGP 12 Mln Targeted Premiums In Petroleum, June-End

Adel Hegazy, General Manager of Accident and Petroleum Insurance Sector at AMIG, has revealed that AMIG eyes to achieve EGP 12 million premiums in Petroleum sector by the end of this June.

Hegazy has emphasized to Amwal Al Ghad that Oil and Gas Insurance sector represents 3.5% from the company’s insurance portfolio volume, intending to increase the portfolio within the coming period.

Hegazy added that his company seeks to offer new marketing ways in order to attract a large segment of clients via printed publications describe the necessary insurance coverage so as to provide the whole insurance protection.

Hegazy has pointed out that AMIG is studying some submitted offers from the Petroleum companies in the current period, demanding from the rest companies to obtain insurance policy protects them from the risks.

It is worth mentioning that Arab Misr Insurance Group – GIG Egypt has succeeded to achieve EGP 267 million within the first nine months from the fiscal year of 2012-2013, achieving 17% growth rate.