The three years since the 2011 revolution have proven to be profitable for most of Egypt’s insurers, making it one of the few sectors to overcome the country’s economic malaise. Although insurers have been faced with substantial payouts as a result of civil disturbances, premiums have grown and new products have been developed to meet the increasing demand for cover....
Africa Economy
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Articles & Analysis | New products and premium growth bolster the sector from The Report: Egypt 2014
Interviews & Viewpoints | OBG talks to Sherif Samy, Chairman, Egyptian Financial Supervisory Authority (EFSA) from The Report: Egypt 2014
Articles & Analysis | Improving health cover and expanding penetration are top priorities from The Report: Egypt 2014
Given the size of its population and the sophistication of its financial services sectors, the growth of Egypt’s insurance industry remains modest. The country’s insurance penetration rate – the gross value of its insurance premiums as a percentage of GDP – was only 0.73% in 2012, according to Swiss Re’s report “World Insurance in 2012.”
Interviews & Viewpoints | OBG talks to Abdel Raouf Kotb, Chairman, Insurance Federation of Egypt from The Report: Egypt 2014
Articles & Analysis | The country’s financial markets are poised to recover lost ground from The Report: Egypt 2014
After the downturn it suffered in the wake of Egypt’s 2011 revolution, the Egyptian Exchange (EGX) has staged an impressive recovery. Beginning in 2012, a run of positive growth extended into 2014 and the year saw the main index finally overtake the high point reached prior to the economic crisis. Having dealt effectively with the fallout from the broader economic...
