Egypt – GWP to reach EGP 50 billion in 3yrs
Monday, 04 30 2018, Category: Insurance and Reinsurance, Country: Egypt
The next period will witness the introduction of new insurance products such as professional liability in Egypt.
Mr. Alaa Al-Zoheiry, chairman of the Insurance Federation of Egypt (IFE) said that the insurance sector aims to achieve premiums of EGP 50 billion within the next 3 years compared with premiums of EGP 24 billion in year 2017, i.e. a growth rate of 20%.
Moreover, Mr. Al-Zoheiry said during an investment conference on Sunday that the next period will witness the introduction of new insurance products such as professional liability in addition to new micro-insurance products in line with the new financing mechanisms. He indicated also that the federation would launch insurance awareness campaigns after the month of Ramadan.