According to Egyptian Financial Supervisory Authorities (EFSA), insurers will generate a premium volume of 16 billion EGP (2 billion USD) in 2015. This figure accounts for a 14% increase in comparison with 2014. Over the first eight months of 2015, the market has reported a 17.7% increase in premiums at 11.62 billion EGP (1.4 billion USD).
The life insurance, which accounts for more than 65% of underwritings, has been particularly profitable with 7.5 billion EGP (885.5 million USD) in premiums and a 32.7% year-on-year rate. The non life business has kept the same performance with 4.12 billion EGP (514.5 million USD). The motor class of business represents the major non life insurance, accounting for 27.5% of non life underwritings compared to 16.8% and 15.9% for respectively fire and health classes of business. The Egyptian market totals 32 insurers, eight of which are Takaful companies.