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Insurance companies disbursed EGP 21.9 billion in compensation to customers within 10 months


The Financial Regulatory Authority announced the value of premiums collected for property and liability insurance for insurance companies during the period from January to October of 2022, amounting to 47.1 billion pounds, compared to 41 billion pounds during the same period in 2021, with a growth rate of 14.8%.

It was distributed among the premiums collected for property and liability insurance, and amounted to 19.4 billion pounds during the period from January to October of 2022, compared to 17 billion pounds during the same period in 2021, with a growth rate of 14.5%, and the value of premiums collected for persons and fund formation amounted to 27.6 billion pounds during the period from January to October of 2022, compared to EGP 24 billion during the same period last year, a growth rate of 15%.

The total compensation paid by insurance companies amounted to 21.9 billion pounds during the period from January to October of 2022, compared to 18.7 billion pounds during the same period in 2021, with a growth rate of 17.4%. From 2022 compared to 8.5 billion pounds during the same period in 2021, a decrease of 1.5%, and the value of compensation paid to people and fund formation amounted to 13.5 billion pounds during the period from January to October of 2022 compared to 10.1 billion pounds during the same period last year, with a growth rate 33.2%.

The premiums were distributed during the period from January to October of 2022 between 39.6 billion pounds in commercial insurance premiums, compared to 37.2 billion pounds during the same period last year, with a growth rate of 6.5%, and 7.4 billion pounds in Takaful insurance premiums, compared to 3.8 billion pounds during the comparison period, a percentage. 97.5% growth.

The total value of compensation paid to commercial insurance clients was distributed between 19.7 billion pounds during the period from January to October of 2022, compared to 16.7 billion pounds, with a growth rate of 18.2%, and 2.2 billion pounds in compensation paid to Takaful Insurance, compared to 2 billion pounds during the same period last year, with a rate of growth of 9.8%.

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