Egyptian insurance market: turnover increase in 2020

According to data published by the Financial Regulatory Authority (FRA), the Egyptian insurance market recorded a 14% increase in turnover during the 2019-2020 fiscal year ending 30 June 2020.

Premium volume jumped from 35.2 billion EGP (2.1 billion USD) as at 30 June 2019 to 40.1 billion EGP (2.4 billion USD) a year later.

During the period under review, total investments by Egyptian insurance companies amounted to 107.8 billion EGP (6.65 billion USD), an increase of 5.7% compared to the end of June 2019.

The net assets of all insurers in the country amounted to 128.6 billion EGP (7.94 billion USD) as at 30 June 2020 against 118.2 billion EGP (7.06 billion USD) a year earlier.