Egypt – 513 thousand microinsurance contracts in 2017
Thursday, 06 21 2018, Category: Insurance and Reinsurance, Country: Egypt
Informed sources of the Egyptian Financial Supervisory Authority revealed that the insurance sector issued 513 thousand microinsurance contracts to citizens with total premiums of EGP 50 million.
Moreover, these sources said that the increase in microinsurance contract issuance would help financial inclusion in line with the financial inclusion objectives of the state.
Furthermore, they said that the Egyptian Financial Supervisory Authority regulated microinsurance for the first time through the regulations issued during year 2016.
Source: Al Masdar