Egypt – EGP 50 Bn in premiums to the ins. sector by 2020
Thursday, 10 03 2019, Category: Insurance and Reinsurance, Country: Egypt
A recent report by the Egyptian Financial Supervisory Authority (EFSA) conrmed that the strategy of the EFSA to develop the non-banking nancial sector sector 2018-2022 aims at developing the legislative structure governing non-bank nancial activities, in addition to developing markets and services to push the contribution of the insurance sector in the GDP to exceed the limits of 1%. During the four years of implementing the strategy, he pointed to the strategy of the Authority will rely heavily on doubling the premiums to reach 50 billion pounds in 2022 compared to about 24 billion pounds in 2017.