walid sayed mostafa the insurance consultant has been advised that The equation is clear: no growth without trust, and no trust without sustainability, transparency.
Nasser Hussein2026/04/16 . m
In an exclusive interview with “Business World”, insurance expert Walid Sayed Mustafa, as one of the most prominent insurance experts in Egypt and the Middle East with over 31 years of experience, revealed the full features of the insurance sector’s 2030 vision within overall Egypt’s 2030 vision.
Mustafa stressed that the vision aims to double the role of insurance in the national economy and is based on 10 main points , emphasizing that sustainability, digital transformation and comprehensive health coverage for all Egyptians represent the main pillars and the most important challenges during the next stage.
Walid Mustafa and his interview with “Alam Al-Business”
Mustafa outlined the key pillars of the 2030 insurance vision as follows:
1. Expanding insurance coverage and increasing the sector’s penetration and contribution to the GDP, after insurance premiums exceeded 110 billion pounds this year.
2. The Unified Insurance Law promotes a focus on microinsurance and small and medium enterprises to spread insurance awareness among the majority of Egyptians and those with limited income.
3. Providing the necessary coverage for major national projects to protect state investments.
4. Expanding in digital transformation – InsurTech as a key driver of growth.
5. Sustainability and transparency
6. Product innovation and market development through: property insurance, agricultural insurance, cyber insurance, title insurance and expansion into specialized microinsurance and medical companies.
7. Developing human capital in the sector and attracting new young talents .
8. Ensuring first-class health coverage for all citizens with a comprehensive development of service providers.
9. Green insurance, sustainability, and reducing carbon emissions to address climate change and support renewable energy
10. risk management and fully covering government assets.
Walid Sayed Mustafa confirmed this in his statements to “Business World”. that exceeding 110 billion Egyptian pounds in premiums is an achievement, but the goal is to increase the insurance’s contribution to the GDP. The aim is reaching the uninsured segments of the population.
He added: “The unified insurance law is a true breakthrough for microinsurance. Insurance coverage is an inherent right for low-income citizens, even more so than for those who are able, and we must ensure it reaches them.”
Digital transformation in insurance will become mandatory, not a luxury. By 2030, customers will be able to issue their policies and receive their compensation entirely from their mobile phones.
