Magazine Table of Contents
While Egypt’s agriculture and livestock sector is well established, the country continues to face challenges related to climate change, urbanisation, a rapidly expanding population and food and water insecurity. Middle East Insurance Review spoke to Misr Insurance Company’s Ms Amany Elmahy to find out more.
New and creative business models are considered valuable tools for boosting financial inclusion and insurance penetration especially in markets with populations as large as Egypt’s says GIG Egypt’s Mr Kareem Awad.
While Egypt’s insurance market is proving resilient in the face of the country’s challenging economic conditions, the continuing rise in interest rates and inflation means that insurers are finding it difficult to sustain growth rates in real terms.
According to Sarwa Insurance’s Mr Ahmed Khalifa, the insurance industry in Egypt has many opportunities for growth. However, its growth also depends on anticipated insurance legislation. Middle East Insurance Review takes a closer look.
Huge losses in the medical and credit lines of insurance companies in Egypt have led to tighter reinsurance renewal terms in the current year.
Egypt’s insurance regulator, the Financial Regulatory Authority, has issued new requirements on credit and guarantee insurance policies in an attempt to unify terms and conditions. Middle East Insurance Review spoke to Clyde & Co’s Mr Sameh Dahroug to find out more.