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Insurance companies pay 9.3 billion pounds in compensation within 5 months... and 19.8 billion premiums


The Financial Supervisory Authority announced the value of the collected premiums for property and liability insurances during the period from January to May of 2021 and amounted to 19.8 billion pounds, compared to 15.2 billion pounds during the same period in 2020, with a growth rate of 30.4%, distributed among the premiums collected for property and liability insurances and amounted to 8.7 One billion pounds during the period from January to May of 2021, compared to 6.2 billion pounds during the same period in 2020, with a growth rate of 39.4%, and the value of the premiums collected for people and money formation amounted to 11.1 billion pounds during the period from January to May of 2021 compared to 8.96 billion pounds during the period from January to May of 2021. The same period last year with a growth rate of 24.1%.

 

The total compensation paid by insurance companies amounted to 9.3 billion pounds during the period from January to May of 2021, compared to 6.7 billion pounds during the same period in 2020, with a growth rate of 38.1%, and distributed among the compensation paid to property and liability insurances 4.4 billion pounds during the period from January to May From 2021, compared to 3.4 billion pounds during the same period of 2020, with a growth rate of 29.1%, and the value of compensation paid to people and money formation amounted to 4.9 billion pounds during the period from January to May of 2021, compared to 3.3 billion pounds during the same period last year, with a growth rate of 47.4 %.

 

The total value of premiums for commercial and takaful insurance amounted to 19.8 billion pounds during the period from January to May of this year, compared to 15.2 billion pounds during the same period last year, with a growth rate of 30.4%, distributed between 18.1 billion pounds in premiums for commercial insurance during the period from January to May from In 2021, compared to 12.5 billion pounds during the same period of last year, a growth rate of 45.6%, and 1.7 billion pounds in Takaful insurance premiums, compared to 2.8 billion pounds during the comparison period, a decrease of 38.7%.

 

The total value of compensation paid to commercial and takaful insurance clients amounted to EGP 9.3 billion during the first 5 months of this year, compared to EGP 6.7 billion during the same period last year, with a growth rate of 38.1%, distributed between EGP 8.3 billion, the value of compensation paid for commercial insurance, compared to EGP 6.1 billion, with a growth rate 37%, and 952.7 million pounds, the value of compensation paid for Takaful insurance, compared to 637.7 million pounds during the same period last year, with a growth rate of 49.4%.

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