Egypt's private medical insurance sector posted unprecedented growth, with assets surpassing 13 billion Egyptian pounds, representing more than 26 per cent of the country's total insurance economy and expanding 15 per cent year-on-year, head of healthcare authority said Monday. Speaking at the 7th Sharm Rendezvous 2025, Ahmed El-Sobky – Chairman of Egypt's Healthcare Authority (EHA) – credited the growth to the Unified Insurance Law No. 195 of 2024, describing it as a "qualitative leap" for Egypt's insurance system. He also highlighted the completion of the first phase of the Universal Health Insurance System and plans to launch new medical insurance products in cooperation with private insurers and public and private healthcare providers. The authority has also signed a cooperation protocol with the Egyptian Federation of Insurance Companies and issued the first white paper to integrate private insurers into the universal health coverage scheme, EHA chairman said. The next phase aims to establish a national partnership between the government and private insurance companies. El-Sobky noted that Egypt's 11 million expatriates and residents, combined with a growing tourism sector, offer significant opportunities to expand private medical insurance coverage. He also stressed the importance of a national digital platform to connect insurers with healthcare providers, creating a "smart environment" for the sector's growth. He concluded that the Sharm El-Sheikh forum has become a major international platform for the insurance industry and will continue to support insurance policies locally, regionally, and globally. Attribution: Amwal Al Ghad English
