Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egyptian-Algerian expert meetings held ahead of joint higher committee session    Al-Sisi directs acceleration of New Delta project, expanded land reclamation    Egypt's PM arrives in Angola for AU–EU Summit, holds talks with Croatian counterpart    Al-Sisi's categorical refusal halted Israeli proposal to move Gaza civilians into Sinai, former Mossad chief writes    US intensifies pressure on Venezuela as Trump administration labels 'Cartel of the Suns' a terrorist organisation    EGX closes mostly red on 24 Nov.    SCZONE attracts $21.1b in 10 years    Cairo to host 1st Egyptian–African Economic Conference to advance trade, investment, integration    Oil price hold near lows on Monday    Egypt, Qatar discuss expanding health cooperation, Gaza support    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Health minister opens upgraded emergency units, inspects major infrastructure projects    Egypt concludes first D-8 health ministers' meeting with consensus on four priority areas    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Cairo hosts African Union's 5th Awareness Week on Post-Conflict Reconstruction on 19 Nov.    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Insurance Premiums Hit EGP 169 Mln In June 2012
Sherine Taha Islam Abd ElHameed Published in Amwal Al Ghad on 20 - 09 - 2012

The Egyptian Financial Supervisory Authority (EFSA) revealed the results of insurance companies in June as they posted EGP 169 million as premiums and paid compensations posted EGP 521.4 million.
18,200 life insurance policies worth EGP 34.7 million were signed in June, compared to 18,800 life insurance policies worth EGP 38.2 million signed in May. There were 226,200 non-life insurance policies signed in May with premiums of 134.3 million, compared to 201,300 non-life insurance policies signed in May with premiums of EGP 139.8 million. Non-life insurance policies accounted for 92.5% of the total number of policies signed in May and non-life insurance premiums accounted for 79.4% of the number of premiums collected in June.
The compulsory car insurance accounted for 77% of the number of policies issued in June and supplemental car insurance accounted for 10% of the same number.
The supplemental car insurance premiums accounted for 31.6% of the total value of premiums collected in June and compulsory car insurance premiums accounted for 28.7% of the same value of premiums.
The paid life insurance claims reached about 185,000 representing 80.3% of the total claims paid in June. The life insurance compensations paid in June reached EGP 211.7 million, representing 41.9% of the total paid compensations in the same period. The paid non-life insurance claims reached about 453,000 in June 2012. The paid non-life insurance compensations reached EGP 302.6 million in June, compared to EGP 458.4 million in May.
The medical insurance claims registered 64.2% of the total number of claims paid in June, while car insurance claims stood at 30.8% of the claims paid in the same period. Petroleum insurance paid compensations accounted for 33.1% of the total value of compensations paid in June and medical insurance compensations accounted for 27.7% of the same value.
There were 5587 cancelled life insurance policies and 14473 cancelled non-life insurance policies in June. The cancelled non-life insurance policies registered 77.2% of the total number of policies cancelled in June.

Clic here to read the story from its source.