Royal Insurance Co. completed its future plan of the next fiscal year of 2014/2015, aiming to achieve EGP350million premiums by June 2015, said Hassan Darwish Vice Chairman & Managing Director of Royal.
Darwish informed Amwal Al Ghad in an exclusive that Royal is targeting to attain EGP250million premiums within the current fiscal year of 2013/2014, adding that his company has already started applying its future strategy through valid underwriting rules, aside reducing the issuance of highly risks insurance branches.
Darwish added that Royal’s market share represents around 6% including the general insurance companies and property in the Egyptian market, targeting to up 10% within the coming 3 years.
He said Royal has already started to negotiate with two banks to conclude cooperation agreements with them, it is expected to complete signing of cooperation protocol with one of the banks within the next few months, which will boost the targeted premiums of the company and meet with its goals for the future strategy.
