Suez Canal Insurance Launches Three New Branches In September

Suez Canal Insurance Company targets to launch from five to ten new branches this fiscal year, said Ahmed Shoukry, managing director of the Company.

The Company plans to open three new branches next month in Ismailia, Luxor and Aswan. Two new branches are expected to be launched in Cairo. 25 individual insurance brokers and 20 insurance producers were appointed.

It is worth mentioning that Suez Canal Insurance Company’s written premiums reached EGP 130 million in FY 2011/2012.