Egyptian insurance companies are planning to increase rates for certain classes of business in 2024, such as health, motor, marine and fire.
Inflation, exchange rate fluctuations, increased war risks and soaring vehicle prices are some of the reasons that would prompt insurers to increase premiums.
Read also | 30% increase in car insurance rates in Egypt [4]
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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-207-january-2024
[4] https://www.atlas-mag.net/en/category/pays/egypte/30-increase-in-motor-insurance-rates