Egyptian Cooperative Insurance’s premiums surge 2% in nine months

Egypt’s Cooperative Insurance Society (CIS) says its premiums increased two percent year-on-year to 134 million Egyptian pounds ($8.2 million) during the first nine months of the 2019/2020 financial year.

Earlier, premiums recorded 131.8 million pounds during the first nine months of the 2018/2019 financial year.

CIS paid compensation of 26.4 million pounds to its clients during the first nine months of the current financial year from 38.5 million pounds a year earlier, chairman Hossam Abdel Aziz told Amwal Al Ghad on Sunday.