Technical Provisions

 Total Technical Reserves formed at the end of the fiscal year 2017/2018 reached EGP 442.23 million against EGP 355.49 for the year 2016/2017, with an increase of EGP 86.74 million representing 24.40% increase ratio according to the following table

Insurance Types

2017/2018

2016/2017

Increase

Increase Rate

Technical Reserves

442236467

355497267

86739200

24.40%

 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.