Takaful H1 premiums in Egypt hit 2.1 billion pounds

Big 5

The premiums of Egypt’s Islamic insurance, or takaful sector recorded 2.1 billion Egyptian pounds ($118.8 million) in the first half of the year, according to a market regulator’s report.

The property takaful firms in Egypt registered premiums of around 919.7 million pounds, a recent report by the Egyptian Financial Supervisory Authority (EFSA) showed on Thursday.

The premiums were mainly focused on complementary motor insurance of a 23 percent share, fire insurance of 19 percent, and compulsory motor insurance of 13 percent, the report added.