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Economic growth to benefit insurance market in Egypt: Moody's

Posted On: Nov. 5, 2015 12:00 AM CST

Mohammed Ali Londe, Middle East and North Africa insurance analyst for Moody’s Investors Service Inc., has said that economic growth in Egypt will benefit the country’s insurance market, Daily News Egypt reported.

Egypt's outlook seems great thanks to low insurance penetration, good regulations, economic growth and economic stability, he said. He said that the insurance market is expected to grow 14.6% or even higher in the next few years due to upcoming infrastructure projects in the country.

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