Egypt – Premiums down due to low awareness
Wednesday, 12 13 2017, Category: Insurance and Reinsurance, Country: Egypt
Insurance experts said that insurance premiums decreased due to inflation and the low level of insurance awareness, which is considered a major growth hurdle. Moreover, insurers said that insurance companies do not have a budget to increase insurance awareness.
Moreover, the Egyptian Financial Supervisory Authority confirmed that insurance premiums written during the 10 months of year 2015 reached approximately EGP 14.6 billion whereas the premiums written until the month of May of year 2017 reached EGP 14.4 billion.
Source: Veto Gate