Economy and Stock Exchange

Insurance companies pay EGP 4.1 billion in compensation for medical treatment within 4 months

The Financial Supervisory Authority revealed that insurance companies paid compensation worth 4.1 billion pounds for medical treatment during the period from January to April of 2022, representing 44.97% of the total compensation spent by insurance companies, amounting to 9.2 billion pounds in the first 4 months of 2022.

The value of the collected premiums for property and liability insurances during the period from January to April of 2022 amounted to about 17.641 billion pounds, compared to 16.052 billion pounds during the same period in 2021, with a growth rate of 9.9%.

It was distributed among the premiums collected for property and liability insurances and amounted to 6.892 billion pounds during the period from January to April of 2022, compared to 7.302 billion pounds during the same period in 2021, a decrease of 5.6%, and the value of the premiums collected for people and money formation amounted to 10.749 billion pounds during the period from January to April 2022, compared to EGP 8.749 billion during the same period last year, with a growth rate of 22.9%.

The total compensation paid by insurance companies amounted to 9.169 billion pounds during the period from January to April of 2022, compared to 7.603 billion pounds during the same period in 2021, with a growth rate of 20.6%. It was distributed among the compensation paid to property and liability insurances, 3.085 billion pounds during the period from January to April. From 2022, compared to 3.606 billion pounds during the same period in 2021, a decrease of 14.4%, and the value of compensation paid to people and money formation amounted to 6.084 billion pounds during the period from January to April of 2022 compared to 3.997 billion pounds during the same period last year, with a growth rate of 20.6 %.

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