Egypt’s non-banking financial sector financing hits EGP 62b in July

The total insurance premiums collected in Egypt amounted to 9.2 billion Egyptian pounds by the end of July 2024, according to the latest report from the Financial Regulatory Authority (FRA). Of this, 5.6 billion Egyptian pounds were from property and liability insurance, while personal and fund formation insurance accounted for 3.6 billion Egyptian pounds.

The report also highlighted that the insurance sector claims amounted to 3.7 billion Egyptian pounds during the same period, with non-life insurance claims amounting to 1.6 billion Egyptian pounds, while life insurance claims reached 2.1 billion Egyptian pounds. Additionally, private insurance funds reported investments totaling 2.2 billion Egyptian pounds by the end of July 2024.

Attribution: FRA

Subediting: M. S. Salama