Turkey's Directorate General of Insurance (GDI) has signed a memorandum of understanding with the Afghanistan General Directorate of Insurance Affairs (GDIA) to assist Afghanistan in developing its insurance sector.
The Egyptian insurance market posted premiums of EGP31.8bn ($2bn) during the first 11 months of 2019, compared to EGP26.1bn in the corresponding period of 2018, representing a growth rate of 21.8%.
A number of local insurance companies have in recent days announced proposed mergers among themselves or the reduction of capital to write off accumulated losses.