By: Islam Fadl
Cairo – Mubasher: Insurance industry in Egypt has been witnessing considerable growth since 2009, the country’s prime minister Mostafa Madoubly highlighted.
Net investments in the insurance sector amounted to EGP 102 billion 2019, compared to EGP 29 billion in 2009, Madoubly added during an event organized by the Financial Regulatory Authority (FRA) on Monday.
Private insurance funds more than tripled to EGP 75 billion this year, benefiting about 5 million members, up from EGP 24 billion ten years ago, he noted.
