Technical Provisions

 Total Technical Reserves formed at the end of the fiscal year 2018/2019 reached EGP 520.63 million against EGP 442.23 for the year 2017/2018, with an increase of EGP 78.40 million representing17.72% increase ratio according to the following table

Insurance Types

2018/2019

2017/2018

Increase

Increase Rate

Technical Reserves

520633702

442236467

78397235

17.72%

 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.