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3.1 billion pounds of private insurance funds investments within 3 months


The Financial Supervisory Authority announced that the total investment of private insurance funds for the period (January-March) in 2021 increased to 3.055 billion pounds compared to 2.595 billion pounds during the same period last year, with a growth rate of 17.7%, and during the month of March, investments of private insurance funds reached 1.020 billion EGP 0.430 billion, with a growth rate of 137.2%.

 

The value of the premiums collected for property and liability insurance during the first quarter of 2021 amounted to 12.03 billion pounds compared to 9.4 billion pounds during the same period in 2020, with a growth rate of 27.4%, distributed among the premiums collected for property and liability insurance and amounted to 5.3 billion pounds during the first quarter of 2021 compared to 4.1 One billion pounds during the first quarter of 2020, with a growth rate of 28.8%, and the value of the premiums collected for people and money creation amounted to 6.7 billion pounds during the first quarter of 2021 compared to 5.3 billion pounds during the same period last year, with a growth rate of 26.3%.

 

The total compensation paid from insurance companies reached 6.1 billion pounds during the first quarter of 2021 compared to 4.7 billion pounds during the same period in 2020, with a growth rate of 30.2%, and between the compensation paid to property and liability insurance was distributed to 2.9 billion pounds during the first quarter of 2021 compared to 2.3 billion. EGP during the same quarter of 2020, with a growth rate of 27%, and the value of compensation paid to people and money creation amounted to 3.1 billion pounds during the first quarter of 2021 compared to 2.4 billion pounds during the same quarter of last year, a growth rate of 33.3%.

 

The total value of premiums for commercial and takaful insurance reached 4.4 billion pounds during the first quarter of this year compared to 3.03 billion pounds during the same period last year, with a growth rate of 46%, distributed between 4.2 billion pounds in installments for commercial insurance during the first quarter of 2021 compared to a value of 2.3 billion EGP during the same quarter of last year, with a growth rate of 78.6%, and EGP 238 million in Takaful insurance premiums compared to EGP 684.4 million during the same period of the previous year, a decrease of 65.2%.

 

The total value of compensation paid to commercial and takaful insurance clients reached 2.9 billion pounds during the first quarter of this year, compared to 1.4 billion pounds during the same period last year, with a growth rate of 100.6%, distributed between 2.7 billion pounds, the value of compensation paid for commercial insurance compared to 1.3 billion pounds, a growth rate of 109.7 %, And 179.7 million pounds, the value of compensation paid for takaful insurance, compared to 147.5 million pounds during the same period last year, with a growth rate of 21.8%.

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