Egypt – Insurance serves the economy
Monday, 07 17 2017, Category: Insurance and Reinsurance, Country: Egypt
Mr. Abdel-Raouf Kotb, chairman of the Insurance Federation of Egypt said that the insurance sector mainly serves the economy by protecting assets and providing financial security. The clarified that the Egyptian insurance sector is established since a long time and it is the oldest insurance market in Africa, the Arab world and the Middle East and it started in Egypt once century and a half ago.
Moreover, Mr. Abdel Raouk added in an interview with the journalist Ayman Salah on the “On Live” channel that the Egyptian insurance market includes more than 30 different insurance lines. He said that the Insurance Federation of Egypt wants to develop the insurance industry in Egypt, indicating that is necessary to raise the awareness of citizens about the benefits of insurance.