Technical Provisions

Totaled technical provisions for fiscal year 2015/2016 amounted to LE 312 million versus LE 279.76 million for the 2014/2015, an increase of LE 32.24 million by 11.54%

According to the below table:

Statement

Year
2015/2016

Year
2014/2015

Increase

Increase Ratio %

Technical provisions

312035901

279763662

32272239

11.54%

 

 

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.