The insurance sector is a huge sector in the Egyptian market
Thursday, 06 11 2015, Category: Insurance and Reinsurance, Country: Egypt
Experts said the insurance sector developed significantly on more than one level.. First the entry of new insurance companies and the emergence of Takaful insurance which helped in the provision of new products in the Egyptian market and attraction of new categories of customers as well as boosting of the competitiveness of the market which serves policyholders’ interest.
Mohamed Mahmoud, Managing Director and Vice Chairman of the Suez Canal Insurance Company said that the insurance sector is a huge sector within the Egyptian market, clarifying that the Egyptian market represents investment opportunities for life insurance and developing life insurance portfolios.
He added that the most important insurance branches are fire, medical, motor, industrial and real estate indicating that after the 25 January revolution, factories, companies and real estate companies started asking for insurance due to the political and security instability in the Egyptian streets.
Source: Al Bosla