EFSA: EGP1.6 billion Surplus in Egypt’s Insurance Sector in 2014

Egyptian Financial Supervisory Authority (EFSA) revealed that the total insurance premiums value reached EGP14 billion in the last year, noting that the surplus premium of insurance sector was EGP1.6 billion in last December, Sherif Samy, Chairman said.

In a keynote speech at first forum on risk management, under the theme of “The Role of Insurance Experts in the Enterprise Risk Management, Samy added that the insurance sector needs to aware customers against the risks which they faced.

Furthermore, it is currently developing Insurance Supervision Law, stressing that EFSA seeks to bear risk management and to aware small customers against these risks.