IslamicFinance.de

Egyptian Takaful Insurance Company (Non-life) aims to achieve premiums worth EGP 10 million (US$ 1.3million) in FY 2015-16, Managing Director Ahmed Arfeen revealed. The company expects to attain premiums volume of EGP 350 million at the end of June 2015, Arfeeen said. The initial indicators showed that the company has achieved 95% of its plan for current FY 2014-15. On other side, Egyptian Takaful Company is negotiating with a number of banks to sign bankassurance agreement in 2016, Arfeen said, noting that banks had not signed any agreements with non-life insurance companies till now. It is worth mentioning that 66% of the shareholding structure of Egyptian Takaful Company (Non-life) is divided equally among seven financial institutions.