Egypt: Insurance industry recorded $900m in premiums in 1H

Source: Middle East Insurance Review | Oct 2024

Insurance companies in Egypt registered a premium volume of EGP43.68bn ($899.5m) in 1H2024, up 22.1% from EGP35.77bn in the same period of 2023, according to Financial Regulatory Authority (FRA) data.

Conventional insurance premiums were about EGP38.45bn in1H2024, compared to EGP31.507bn in 1H2023, a growth rate of 22%. Takaful contributions rose by 22.6% y-o-y to EGP5.23bn in the January-June 2024 period.

Premiums in the property and liability insurance segments in 1H2024 reached EGP23.44n, compared to EGP17.37bn during the same period in 2023, a growth rate of 34.9%. Premiums in the life insurance segment jumped about 10% y-o-y to EGP20.24bn in 1H2024, compared to EGP18.40bn in 1H2023. M

Comment | Print

Name*

Email*

Comment*

Code Verification*

Enter the code shown above in the box below.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.