While diversification strategies aimed at moving economies away from hydrocarbon dependency have become commonplace around the Gulf in recent years, the practical implementation of these strategies has often proved challenging.
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Economic update | Qatar's SME Zones
16 Dec 2014
Egypt has been making impressive progress in straightening up its balance sheet in recent months. Steep cuts in energy subsidies coupled with a drop in world oil prices have given the Middle East’s most populous country some fiscal breathing space, following three years of increasing budget deficits, mounting debt and reduced foreign currency reserves.
Articles & Analysis | New products and premium growth bolster the sector from The Report: Egypt 2014
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....
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.”
