According to the Egyptian Financial Regulatory Authority (FRA), the turnover generated by all local insurers reached 23.5 billion EGP (1.3 billion USD) in the fiscal year 2016/2017 which ended on June 30, 2017. This amount is up by 30% compared with the previous year.
The non-life class of business recorded the largest growth (+ 42%) reaching 12.8 billion EGP (707.6 million USD) in premiums. With underwritings of 10.7 billion EGP (591.5 million USD), life insurance posted a more moderate increase of 29%.
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