Insurance

With the largest population in the Middle East, a relatively developed life insurance industry and a government determined to pursue ambitious infrastructure development, Egypt is a promising market for both domestic and foreign insurers. There are currently 34 insurance and reinsurance companies in Egypt and despite concerns regarding sector privatisation, regulatory changes such as proposed mandatory insurance cover for police and security forces and the government health care provision strategy will drive premium growth. However, a significant currency devaluation and the risk of economic disturbance remain as challenges to growth in the sector.

This chapter includes an interview with Hamed Mabrouk, Head of North Africa, Willis Towers Watson.