Cairo: Egypt’s Arab Misr Insurance Group- GIG says it targets a 10 percent increase year-on-year in premiums to around 1.2 billion Egyptian pounds ($74.4 million) within the 2019/2020 financial year.
The firm’s premiums rose to 1.1 billion pounds during the 2018/2019 financial year from 971 million pounds during the 2017/2018 financial year, its managing director Alaa el-Zoheiry told Amwal Al Ghad on Saturday.
“We paid total compensation worth 370 million pounds during the last financial year against 300 million pounds during the financial year 2017/2018, marking a growth of around 70 million pounds,” el-Zoheiry said. Source: Amwal Alghad
Copyright © 2019 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
