Egypt’s Misr Life Insurance eyes $143mn collective policies premiums in FY20

Egypt’s Misr Life Insurance targets 2.34 billion Egyptian pounds ($143.4 million) premiums from collective policies within the financial year 2019/2020, chairman and chief executive said on Sunday.

The state-run company also plans to post premiums up to 2.75 billion pounds from individual policies granted to clients within the financial year 2019/2018, Ahmed Abdel Aziz told Amwal Al Ghad on Sunday.

“Our strategy focuses on achieving premiums of 5.2 pounds within the current financial year, up from 4.5 billion pounds during the financial year 2018/2019,” Abdel Aziz said.