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Misr Life Insurance has set a number of agreements with consultancy offices in order to develop its branches over three phases, said Sadek Hassan, chairman and managing director at the Company.
About 30% of the branches will be renewed every year, Hassan added.
The Company does not target launching new branches in the current period, as it has 180 branches spread across all governorates in Egypt and they are meeting the needs of customers, he noted.
It is worth mentioning that Misr Life Insurance achieved a volume of premiums of EGP 1.140 billion in the first nine months of FY 2011/2012, up from EGP 1.031 billion for the same period in FY 2010/2011.
