{"id":630051,"date":"2018-04-10T04:42:35","date_gmt":"2018-04-10T04:42:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/10\/fra-targets-growing-insurance-industry-share-of-gdp-to-over-1-in-five-years\/"},"modified":"2018-04-10T04:42:35","modified_gmt":"2018-04-10T04:42:35","slug":"fra-targets-growing-insurance-industry-share-of-gdp-to-over-1-in-five-years","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/10\/fra-targets-growing-insurance-industry-share-of-gdp-to-over-1-in-five-years\/","title":{"rendered":"FRA targets growing insurance industry share of GDP to over 1% in five years"},"content":{"rendered":"

The Financial Regulatory Authority (FRA) is planning to grow the insurance industry\u2019s contribution to GDP to over 1% in five years, according to Youm7<\/a>. FRA hopes to double insurance premiums to EGP 50 bn by 2022, up from EGP 24 bn. The authority\u2019 strategy also targets raising the sector\u2019s investments to EGP 150 bn by 2022, up from EGP 86 bn last year. It also wants to see the aggregate size of insurance funds reach EGP 100 bn from a current EGP 60 bn. The strategy, as we noted last week<\/a>, would see FRA take full control of the sector with an eye towards growing the SMEs insurance sector. These would be done through amendments to the Insurance Act.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Financial Regulatory Authority (FRA) is planning to grow the insurance industry\u2019s contribution to GDP to over 1% in five years, according to Youm7. FRA hopes to double insurance premiums to EGP 50 bn by 2022, up from EGP 24 bn. The authority\u2019 strategy also targets raising the sector\u2019s investments to EGP 150 bn by […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9346],"tags":[2376,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630051","post","type-post","status-publish","format-standard","hentry","category-egypt-politics-economics","tag-egypt-politics-economics","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"23123316-4469-4c42-80fa-29574b1936e8","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"FRA targets growing insurance industry share of GDP to over 1% in five years","related_issue":[630009],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.c47d03b3-cc3c-4c3b-ab7c-b1f6f133f5d7.mp3"},"yoast_head":"\nFRA targets growing insurance industry share of GDP to over 1% in five years - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/10\/fra-targets-growing-insurance-industry-share-of-gdp-to-over-1-in-five-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRA targets growing insurance industry share of GDP to over 1% in five years\" \/>\n<meta property=\"og:description\" content=\"The Financial Regulatory Authority (FRA) is planning to grow the insurance industry\u2019s contribution to GDP to over 1% in five years, according to Youm7. FRA hopes to double insurance premiums to EGP 50 bn by 2022, up from EGP 24 bn. The authority\u2019 strategy also targets raising the sector\u2019s investments to EGP 150 bn by […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/10\/fra-targets-growing-insurance-industry-share-of-gdp-to-over-1-in-five-years\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-10T04:42:35+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/10\/fra-targets-growing-insurance-industry-share-of-gdp-to-over-1-in-five-years\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/10\/fra-targets-growing-insurance-industry-share-of-gdp-to-over-1-in-five-years\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FRA targets growing insurance industry share of GDP to over 1% in five years\",\"datePublished\":\"2018-04-10T04:42:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/10\/fra-targets-growing-insurance-industry-share-of-gdp-to-over-1-in-five-years\/\"},\"wordCount\":125,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Egypt Politics + Economics\",\"EnterpriseAM\"],\"articleSection\":[\"Egypt Politics + Economics\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/10\/fra-targets-growing-insurance-industry-share-of-gdp-to-over-1-in-five-years\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/10\/fra-targets-growing-insurance-industry-share-of-gdp-to-over-1-in-five-years\/\",\"name\":\"FRA targets growing insurance industry share of GDP to over 1% in five years - 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