Egypt’s insurance sector posts $822 mn in 2015

Egypt’s insurance sector needs bolstering from the Egyptian cabinet, however the life insurance market has registered 7.3 billion Egyptian pounds (US$822 million) by the end of June 2015 marking growth rate of 19.5 percent according to FAIR Secretary General, Adel Mounir.

He made this comment during his speech at The Federation of Afro-Asian Insurers and Reinsurers (FAIR)’s Life Insurance Forum which is taking place in Cairo today.

Under the title “the changing landscape of life insurance”, the forum is organsied by FAIR in cooperation with the Egyptian Insurance Federation. It will last for two days.

Moreover, it aims to tackle the challenges witnessed by life insurance businesses in Egypt and worldwide as well as technical solutions and opportunities to develop and promote life insurance products.