Technical Provisions

 Total Technical Reserves formed at the end of the fiscal year 2016/2017 reached EGP 355.04 million against EGP 312 for the year 2015/2016, with an increase of EGP 43.4 million representing 7.56% increase ratio according to the following table

Insurance Types

2016/2017

2015/2016

Increase

Increase Rate

Technical Reserves

355 497 267

312 035 901

43 461 366

13.92 %

 It's should be mentioned that the Company has retained all Technical Reserves to meet its obligations towards policyholders and beneficiaries in accordance with the proper Technical and practical bases and subject to the Reserves of Act 10 of 1981 as amended by Act 91 of 1995.