Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Oct 2016

Country Profile


Egypt

Staying the course in tough times

Economic woes and instability have not deterred the insurance sector in Egypt from growing; but winning the game is getting harder as tougher economic conditions looms ahead and profit margins are shrinking, especially for P&C business.

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Life insurance a growth story

The life insurance market in Egypt continues to evolve amid the challenging economic climate in the region.

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Reinsurers must steer market in the right direction

Despite challenging times post-revolution, Egypt still has lots to look forward to but reinsurers must help their cedants develop better products.

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Takaful: An essential ingredient for market development

Takaful has been achieving notable progress in both general and life despite its late emergence in the country. Today, takaful is gaining traction amongst investors both from the state and private sectors.

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Getting comfortable with challenging risk profile

Egypt is a challenging market for any business right now, with the decline in tourism, difficulties in accessing foreign currency, rising inflation, and frequent power cuts just some of the issues putting the brakes on economic growth. But there are opportunities for adaptable insurers.

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