Arope Egypt Eyes EGP45mn in Motor Insurance Premiums This Year

Arope Egypt Insurance is targeting a 28% growth in its motor insurance premiums to reach EGP 45 million for the current fiscal year 2014/15.

By end of last June 2014, Arope achieved EGP 35 million worth of motor insurance premiums, sources with knowledge of the matter told Amwal Al Ghad on Thursday. They further revealed that Arope’s motor insurance activity would witness a growth in 2015 backed by the increase in car sales and the recent boom in several sectors in Egypt such as tourism.

Established in 1974, AROPE has become one of the major players in the insurance industry in Lebanon and then one of the leading insurance providers in the Middle East.