Misr Insurance: Q1 premiums 8% higher

The leading insurer in MENA region, Misr Insurance Company has recorded first quarter premiums totalling 1.034 billion Egyptian pounds (US$130.3 million), 8 percent up from 955 million pounds in the same period a year earlier.

The initial indicators for the first quarter of the current fiscal year 2015/16 emphasise on Misr Insurance’s technical and financial significant performance and insistence in leading the insurance industry in the Middle East and North Africa region.

Portfolio of direct premium has increased 5 percent to register 888 million pounds during Q1 in comparison to 847 million pounds during the same period last year.

Misr Insurance is the first Egyptian insurance company; it was established in 14th since January 1934 by the National Economy’s pioneer Mohamed Talaat Harb as the first insurance company with Egyptian capital and Egyptian management to provide the insurance protection to the Egyptian projects.