From The Report: Egypt 2016
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Despite political and economic difficulties in the country in the past few years, Egypt has a growing and attractive insurance market. Penetration is low, and people are becoming increasingly aware of the need to cover risk. They are especially positive on insurance given the turmoil of 2011 and the fact that insurers made good on their policies despite the damage caused by the upheaval. The sector is well placed at present and emerged from the events of 2011 in better shape than it went in, having earned the respect and confidence of clients and prospective clients. The sector is fighting headwinds, in terms of the lack of spending power in the country and broader economic pressures, but is being helped considerably. The regulators are working to keep the sector well managed and competitive, and investors are showing an interest.