Country profile: Egypt

Growth of state dominated market driven by aviation sector

The Egyptian insurance market grew by 4.8% to £E2.2bn (US$566mn) in the financial period ending 30 June 2001, according to the Egyptian Insurance Supervisory Authority’s Annual Report for 2000–2001. On the broader economic front, Egypt’s GDP grew by about 5% in real terms in the same period while the average inflation rate was about 2.4%.