EFSA: Insurance companies register 8.8bn Capital in FY 2016/2017

The capital volume of insurance companies’, working in Egypt, reached 8.8 billion Egyptian billion pounds in the last fiscal year 2016/2017, according to Egyptian Financial Supervisory Authority’s report.

These numbers compared to 6.3 billion pounds a year earlier within an increase of 2 billion pounds.

Public sector acquired increase of  1.45 billion pounds, of the total paid-up capital, reaching 4.7 billion pounds by the end of June 2017 compared to 3.25 billion in the time a year earlier.

Egyptian private sector acquired 17.2%, 3.61 billion pounds, of the total paid-up capital in  FY 2016\2017 compared to 3.08 billion pounds a year earlier.