Iskan Insurance Mulls Opening New Branch in Delta-Egypt by FY14/15

Iskan Insurance Co is considering inaugurating new branch in the Delta within the next fiscal year of 2014/2015, stated Mr. Hammam Badr Managing Director of the Company.

Badr has informed Amwal Al Ghad in an exclusive that his company did not specify the targeted area in Delta till now, noting that it will be specified it in accordance with the company’s studying for the economic movement in the various governorates of Delta.

He added that Iskan has recently inaugurated new subsidiary in Downtown-Egypt, so the total branches reached 5, along with the main headquarter, representing in 3 branches in Cairo, Alexandria as well as Downtown.

He stated that despite the current political and economic turmoil , Iskan has succeeded in achieving its strategic plan, registering 100% premiums growth rates during the previous year of 2012/2013.

He further explained that Iskan’s asserts doubled since its inception up EGP100 million with 100% growth rate, due to the achieved balance between the insurance company’s portfolio  and investments for the company’s obligation commitments of its policyholders.