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Egypt Insurance Pricing Trends Q1 2022

In the local insurance market in Egypt, overall pricing was stable, with generally minimal or flat increases. Purchasing coverage from international markets tended to bring pricing increases, in line with global trends.

Egypt. Cairo - Giza. General view of pyramids from the Giza Plateau

Egypt

In the local insurance market in Egypt, overall pricing was stable, with generally minimal or flat increases. Purchasing coverage from international markets tended to bring pricing increases, in line with global trends.

Casualty: 

Pricing was generally stable as local markets had sufficient capacity.

Property: 

As most of Egypt's businesses are not in catastrophe areas, property insurance pricing remained stable, particularly when local markets provided coverage.

  • Accessing international markets generally brought higher increases.
  • Clients in catastrophe areas generally saw higher rates and, for some, restrictions in coverage.

Middle East and Africa Pricing - Q1 2022