Technical Provisions

Totaled technical provisions for fiscal year 2014/2015 amounted to LE 279.76 million versus LE 260.10 million for the 2013/2014, an increase of LE 19.66 million by 7.56%

According to the below table:

Statement

Year
2014/2015

Year
2013/2014

Increase

Increase Ratio %

Technical provisions

279763662

260113359

19650303

7.56%

 

 

It's noteworthy that the company has reserved all technical provisions in order to fulfill its commitment towards policyholders and beneficiaries according to good technical and theoretical principles and as stipulated the law No.10 for the year 1981 as amended by law No.91 for the year 1995 which is approved by the company's actuary.