Egyptian brokers face hard market over Nat CAT losses and inflation

Source: Middle East Insurance Review | Aug 2024

The insurance broking market in Egypt is expanding as awareness of the importance of insurance increases among individuals and businesses. Some of the fastest growing lines of business were oil and gas, medical and marine cargo. However, Nat CAT losses and increased inflation have created a hard market. Middle East Insurance Review spoke with Apex IB Egypt’s Mr Khaled Sayed to find out more.

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