Connect Egypt Insurance Eyes Attaining EGP60bln Amounts by 2016

Big 5

Connect Egypt Insurance Broker is intending attaining EGP60 billion insurance amounts for insurance firms with the upcoming three years, Sherif Nagy CEO revealed.

Speaking to Amwal Al Ghad Arabic’s Website, Nagy explained that his company eyes achieving EGP40billion insurance amounts by the end of 2014, registering 20% increase, in compared to 2013.

Moreover, Nagy added that Connect practice insurance brokerage activity from 3 years and it achieved growth rates in the in the next year to create up to 50%, noting the company assigned its operations to a number of insurance companies, most notably Misr Insurance and GIG and ACE Life Insurance and Allianz Insurance and Arab Orient Takaful Insurance.

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