Egyptian insurers are facing a serious challenge

Since the 25th of January 2011 revolution, Egyptian insurers are facing important changes, with insecurity being the major cause behind the substantial rise of loss ratio. Some companies even refrained from covering property located around Tahrir Square or decline motor risks. A remarkable increase in demand has been sensed whereas insurance costs are poised to rise. The January 2011 indemnifications are estimated at about 1 billion EGP (172 million USD). The companies are coping by adjusting premium rates and by imposing deductibles in the event of riots or civil commotion.