Royal Insurance: Property Sector’s Premiums Up 44.5%

Royal Insurance’s property sector posted premiums of EGP 7.47 million in the third quarter of FY 2000/2012, up from EGP 5.17 million for the same period in the last year, with an increase of 44.5%, said Khaled Kalioubi, deputy head of engineering and property sectors.

The Company’s engineering sector posted premiums of EGP 678,308 at the end of last March, up from EGP 560,495 for the same period in the last year, with an increase of 21%.

Royal Insurance paid EGP 27 million as compensations for the third quarter of the current fiscal year.

The Company had paid Mansour Chevrolet EGP 13 million as a compensation for the fire damages that happened in its auto parts store in Abu Rawash last March.