Insurance Sector contributes $131 million to Egypt’s Health File – Medmark

In Egypt, the insurance sector contributes one billion Egyptian pounds (US$131 million) out of 90 billion worth of the health and medical treatment, Medmark’s managing director Walid Auf said Tuesday.

Medmark is a market pioneer in the management and promotion of global medical assistance, and health and life insurance services in Egypt.

In his keynote speech at the Regional Insurance Brokers Congress (RIBC), Auf said the insurance sector’s humble contribution to the medical treatment file paves the way for the insurance firms to increase their portfolio of health insurance in the upcoming phase.

He further referred to the multiple obstacles facing Egypt’s health insurance sector, represented in a number of complicated procedures required to issue a health insurance policies, in addition to the brokers’ low participation.