Arab Today, arab today huge investments expected to be injected into egyptian insurance sector
Last Updated : GMT 05:42:12
Arab Today, arab today
Arab Today, arab today

Huge investments expected to be injected into Egyptian insurance sector

Arab Today, arab today

Arab Today, arab today Huge investments expected to be injected into Egyptian insurance sector

Egyptian insurance sector
Cairo - MENA

Moody's Corporation for Credit Ratings said huge foreign investments are expected to be pumped into the Egyptian insurance sector.

The Egyptian insurance market is very limited in comparison to Egypt's economy, population and available potentials of the Egyptian market, said the deputy head of Moody's insurance sector for the Middle East and North Africa during a seminar organized Monday in tandem with the Egyptian Financial Services Institute - which is an offshoot of the Egyptian Financial Supervisory Authority.

Mohamed Ali Loundi said the insurance sector represents only 0.7 percent of the Egyptian Gross Domestic Product, while this sector represents between 5 to 10 percent of African and international GDP.

The deputy head of Moody's analytics department expected the flow of huge investments into the Egyptian insurance sector in view of new legislations about to be enacted in this regard.

He added that six main companies dominate about 74 percent of the insurance market, while 25 other firms vie for the remaining 26 percent.

The assistant executive director for Europe, Middle East and Africa said foreign companies would invade the Egyptian insurance market to cover this bloating sector, especially insurance of the naval, aerial, oil and strategic industries domains.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today huge investments expected to be injected into egyptian insurance sector Arab Today, arab today huge investments expected to be injected into egyptian insurance sector

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today huge investments expected to be injected into egyptian insurance sector Arab Today, arab today huge investments expected to be injected into egyptian insurance sector

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday