Egypt – Insurance financial inclusion in 2018
Monday, 01 08 2018, Category: Insurance and Reinsurance, Country: Egypt
The insurance sector in Egypt is rapidly evolving qualitatively and quantitatively. The savings level is increasing, new companies will rise, and new investments will be injected in the market. Given that he is responsible about 60% of the insurance market, Dr. Mohamad Youssef, chairman of Misr Insurance Holding clarified his expectations about the future of the insurance sector in year 2018.
Dr. Youssef confirmed that year 2018 will witness further improvements in financial inclusion and insurance inclusion in order to add new categories of society to the insurance customer base and increase the national rates of savings. He also expects that the new year will witness an improvement in the performance of insurers.
Source: Al Wafd