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Misr Insurance's premiums grow more than 36%

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Egypt-based Misr Insurance Co.'s gross written premiums grew 36% to 6 billion Egyptian pounds ($340 million) in the financial year ended June 30, compared with EGP 4.4 billion in the previous year, Middle East Insurance Review reported. Premiums in the nonlife sector grew 34% year over year to EGP 11.4 billion, driven by liberalization of the exchange rate in November 2016.

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