Egypt is second biggest insurance market in North Africa

Global rating agency Moody's said Egypt comes second place after Morocco, the biggest insurance market in North Africa, which is "a region that accounted for roughly 0.2% of global insurance premiums in 2014".

Moody's held a roundtable held Monday in Cairo to discuss challenges, risks and growth opportunities for the Egyptian insurance market.

In its latest report, Moody's indicated that the future expectations for the insurance market in Egypt are "encouraging" despite challenges being faced by the country, the agency said in a report on Wednesday.