Egypt Insurance Q4 2019
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 US dollar premiums growth rates turned positive in 2018, the effectof depreciation will be felt for many years. In local currency terms, the insurance market will record a healthy growth rate ofpremiums in both the non-life and life sectors, with growth of around 6% expected for the life segment and more than 7% for thenon-life segment in 2019.
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