Egyptian Takaful Insurance ‘Property’ Attains EGP318.5mn Premiums in June

Deputy Managing Director of the Egyptian Takaful Insurance Company (Property) Mr. Ahmed Morsy said his company succeeded in attaining EGP318.5 million premiums in the last fiscal year of 2013/2014.

Takaful Insurance is still negotiating with the banks in order to complete the cooperation protocols and to start promoting its products via branches and in accordance to banking insurance mechanism, Morsy explained.

The company attained high growth rates, as takaful growth rates up to 16% within the previous fiscal year 2013/2014, expecting to become 20% within the upcoming fiscal year, Mosry added.

Furthermore, The political and security situations are the key challenges, and by achieving the stability and entering fresh investments, insurance’s business volume will grow.