Just Released: "Reinsurance in Egypt, Key Trends and Opportunities to 2017"
The political upheaval which began in Egypt in 2011 had a drastic economic impact on the country. The GDP growth rate declined from 5.1% in 2011 to 1.8% in 2011 and 2.2% in 2012. According to the Insurance Federation of Egypt (IFE), the political violence in 2011 led to losses of EGP1 billion (US$0.17 billion). In this challenging environment, reinsurance companies enforced stricter conditions in renewal agreements. In the absence of specialized domestic reinsurance companies, Egyptian insurers cede to foreign...
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