Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Sep 2021

Market Profile


Egypt

Biggest-ever insurance legislation changes

Egypt’s Financial Regulatory Authority is working at breakneck speed to strenghten insurance regulation for a nation on the cusp of substantial growth. We spoke to Dr Mohammed Omran to find out about tech, compliance, ESG and much more.
 

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Positive economic growth spills over into insurance

Egypt’s insurance sector expanded in 2020, buoyed by the nation’s economic growth. The Insurance Federation of Egypt helped with initiatives to increase public awareness, improve market performance and support financial inclusion, says the federation’s Mr Alaa El-Zoheiry.
 

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Construction builds up non-life growth

Massive infrastructure projects to build a new administrative capital and other facilities have contributed to increased total non-life premiums. The insurance market was buoyed further by the country’s positive growth in 2020.
 

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Growth through health

Egypt presents a rich environment for insurance market growth, a perspective tackled by AXA’s Messrs Gordon Watson and Ayman Kandeel.
 

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Opportunities abound amid shifting market dynamics

The imminent approval of a new insurance law and the phased rollout of universal health coverage will change market dynamics and potentially increase growth opportunities for life and medical insurers.
 

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Reinsurance: The missing link

The insurance market continues to record high growth rates at the regional and African levels. However, the lack of a local reinsurance company could be an impediment to expansion.
 

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InsurTechs focus on SMEs and uninsured

With InsurTech gaining ground in Egypt, Democrance’s Mr Michele Grosso looks at emerging trends in the sector and offers some tips for companies aiming to tap into the growth opportunities.
 

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