Magazine

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Oct 2018

Country Profile


Egypt

Turning the tide

The insurance industry in Egypt is benefiting from the economic development the country is witnessing. The regulator’s strategy to increase the penetration level is setting the stage for unprecedented growth in the next three years. Middle East Insurance Review organised a roundtable meeting with some of the sector’s leaders to shed light on the next period’s prospects.
 


Life: A growth generator

Life insurance in Egypt maintained a double-digit growth trend even in the toughest times and will continue to support the market growth.
 

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Takaful in upward trend

Product differentiation remains the biggest challenge for takaful operators, but the concept itself continues to achieve notable success in Egypt, market leaders say.
 

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Paving a new path to success

The regulator in Egypt is designing a comprehensive strategy that will increase the insurance sector’s involvement in building a safety net and increasing the penetration level, says counsellor Reda Abdel Moaty of the Financial Regulatory Authority.
 

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