Misr Insurance attains $600mln Premiums in FY 2014-15

Misr Insurance Company – Non-life obtained premiums worth EGP 4.701 billion(US$600 million)  within the fiscal year 2014-15 versus EGP 4.581 billion for the corresponding period of the previous year, marking 2.6% growth rate.

In a statement released Sunday, the company announced that total volume of incoming reinsurance premiums reached 658 million Egyptian pounds in FY 2014-15 opposed to 604.8 million Egyptian pounds at the same period of the previous year, making 8.8% increase.

Company’s total direct paid compensations of insurance property hit EGP 2.384 billion in FY 2014-15 compared to EGP2.066 billion at the same period of previous year, registering 15.4% increase.