The insurance industry in Türkiye aims to double its premium income to about $44.3bn and reach a penetration level of 4.8% in 2030, said Insurance Association of Türkiye (TSB) chairman Ugur Gulen at a media meeting.
The geographically diversified operations of Arabia Insurance Company (AIC) across the Middle East partially shields the group from the very high political, economic and financial system risks in Lebanon, said AM Best.
The life insurance market in Egypt is not yet saturated, with the sector's contribution to GDP being less than 1%, indicating huge growth opportunities, Misr Takaful Life Insurance Company managing director Abeer Helmy Saleh said.