Chartis Egypt’s Group Personal Accident Premiums 5% Up In 2012

Chartis Egypt Insurance’s group personal accident insurance premiums rose by 5% in 2012, said Mahmoud Hussein, head of personal accident insurance sector at the company.

Such growth is relatively good amid the current turmoil in Egypt, he continued. The political unrest has posted negative impact on all economic sectors, affecting the results of insurance companies. The economic deterioration has also delayed the launch of many projects.