Life Insurance in Egypt

While the ongoing political unrest in Egypt has negatively impacted its economy, foreign investments and tourism, the country’s life insurance industry seems to be maintaining a positive growth. Egypt’s life insurance segment, which is said to have accounted for 46.5% of the insurance industry’s gross written premium, expanded at 8.1%. Individual life insurance in Egypt accounted for the biggest share of life segment at 41.6% in 2012, followed by pensions at 21.6%. The growth is said to be affected by the country’s increasing population, as well as awareness of Egypt’s uncertain economic and political conditions.