Egyptian Takaful Non-Life Deals With Euro Club To Offer Road Insurance Cover

The Egyptian Takaful Company (Non-Life) has signed a contract with Euro-Assist Egypt (Euro Club) in order to launch the road insurance policy, said Ahmed Arfin, Managing Director of the Company.

The Egyptian Takaful Company (Non-Life) still awaits the Egyptian Financial Supervisory Authority’s approval of its multi-coverage insurance products for houses and cars as well as personal properties. The insurance product will be sold through banks after being approved.

It is worth mentioning that Egyptian Takaful Company (Non-Life) had premiums of EGP 221 million in FY 2011/2012, up from EGP 176 million in FY 2010/2011, with an increase of 26%.