The Egyptian insurance market intent on doubling its turnover by 2021

According to Alaa Al-Zoheiry, president of the Insurance Federation of Egypt (IFE), the Egyptian insurance market generated in 2017 a turnover worth 24 billion EGP (1.35 billion USD). The country is aiming at 50 billion EGP (2.82 billion USD) in premiums by 2021, that is an average annual growth rate of 20%.

To achieve that, IFE plans on doubling communication efforts and encouraging the sale of new products such as professional third party liability and microinsurance.