Egypt Insurance Q4 2018
The depreciation of the Egyptian pound has undermined the value of the country's insurance market in US dollar terms.Exchange rate stability is likely to be achieved, but the resulting impact on household income has undermined demand growth fornon-compulsory lines, while the cost of claims has risen. While USD premiums growth rates are set to turn positive from 2018, theeffect of depreciation will be felt for many years. In local currency terms, the insurance market will record a substantial growth rate ofpremiums in both the non-life and life sectors, with growth in excess of 20% expected for each line in 2018.
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