Implementation of the first Egyptian life insurance tables

The first Egyptian mortality tables are expected to be put in place in July 2022. For the time being, local life insurance companies are using British tables.

A study conducted by the Financial Regulatory Authority (FRA) states that the actual average mortality rates in the Egyptian market are 20% lower than those calculated by British statistical tools.

Based on more accurate data and information, local mortality tables would allow for better pricing of life products. In addition, these new tools should also help insurers forecast claims better.