Egypt’s health insurance premiums hit $119 million in June 2014

Health insurance premiums in Egypt have surged to 934 million Egyptian pounds (US$119 million) by the end of June 2014, said country’s Insurance Federation chief.

During financial year 2009-2010, health insurance premiums stood at 415 million pounds.

In his keynote speech at the Fourth Regional Forum of Medical Insurance and Healthcare kicked off in Cairo on Sunday, Abdel Raouf Kotb said the federation as well as the Egyptian Financial Supervisory Authority (EFSA) plan to remove all obstacles facing the health insurance industry in Egypt.