Egypt’s market regulator sees $11.4mn revenues from insurance sector in FY2021

Egypt’s Financial Regulatory Authority (FRA) expects to achieve revenues worth 184 million Egyptian pounds ($11.4 million) from the country’s insurance sector within the 2020/2021 financial year.

The revenues are distributed as 40 million pounds for development fees as well as 115 million pounds for supervising insurance companies, besides 8 million pounds for supervising private insurance funds.