Egypt – Ins. investments to reach EGP 150 b in 2022
Wednesday, 07 18 2018, Category: Insurance and Reinsurance, Country: Egypt
Mr. Reda Abdel Moaty, Deputy Chairman of the Egyptian Financial Supervisory Authority said that the Authority aims to increase the investments of insurance companies from EGP 80 billion in year 2017 to EGP 150 billion by year 2022.
Moreover, Mr. Reda Abdel Moaty said at the margin of a debate session about an initiative to develop the insurance sector that there will be a strategy to increase gross written premiums from EGP 24 billion in 2017 to EGP 50 billion by year 2022 within 4 years.
Source: Amwal Ghad