World Insurance Report
Egypt
Market regulation and supervision shaped by economic growth
T
he insurance industry in Egypt started in the middle of the 19th century through the presence of agencies or subsidiaries
of foreign (particularly British and French) insurance groups. The main purpose of these companies, writes
Khairy Selim
, chairman of the Egyptian Insurance Supervisory Authority, was to provide personal and commercial cover for foreign communities
often active in the Egyptian cotton trade.