Egypt – EGP 57 billion insurance investments in 2015-2016
Wednesday, 03 22 2017, Category: Insurance and Reinsurance, Country: Egypt
Mr. Sherif Samy the chairman of the Egyptian Financial Supervisory Authority confirmed the that the authority works on strengthening the qualifications, efficiency and stability of the insurance sector. It also strives to protect the rights of policyholders and aims at achieving financial inclusion in society through microinsurance and the electronic issuance of standard insurance contracts such as compulsory motor insurance, travel insurance and term life insurance.
He added that according to the Authority the net investments by 30 June 2016 reached EGP 57 billion compared to EGP 52.5 billion in the previous year, which represents a 9% growth rate.
Source: Al Wafd