FRA’s reports revealed that total funding allocated through capital market and non-bank financial activities reached EGP 85.4 billion by the end of November 2024, as follows:
• EGP 44.3 billion Stock Issuances
• EGP 2.8 billion other issuances
• EGP 13.7 billion Financial leasing contracts
• EGP 8.7 billion funding provided for MSMEs
• EGP 7.6 billion consumer finance
• EGP 7.2 billion factoring activity
• EGP 1.1 billion real estate finance
• EGP 2.9 trillion is the value of movable assets registered at Egyptian Collaterals Registry by the end of November 2024.
• MSMEs funding balances reached EGP 75.4 billion
• Insurance premiums had amassed a total of EGP 7.8 billion by the end of November 2024.
• Compensations paid by the insurance sector reached EGP 4.1 billion during the same period.
• Private insurance funds’ Investments reached EGP 2.2 billion by November 2024.
The latest reports issued by the Financial Regulatory Authority by the end of November 2024 regarding the insurance sector showed that the total value of insurance premiums amounted to EGP 7.8 billion. Property and liability insurance premiums amounted to EGP 4.1 billion and premiums of life insurance amounted to EGP 3.7 billion by the end of November 2024.
Moreover, compensations value reached EGP 4.1 billion, distributed as follows: compensations of property insurance amounted to 1.8 billion and compensations of life insurance reached EGP 2.3 billion.
It is worth mentioning that :
• Property and liability insurance safeguards physical belongings, like houses, cars, businesses, and other valuables, from damage or loss caused by events like fire, theft or natural disasters.
• Personal insurance and wealth formation encompass various types of insurance, including life insurance, death insurance, accident insurance and other forms of coverage.
