{"id":323249,"date":"2021-09-07T08:15:18","date_gmt":"2021-09-07T08:15:18","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=323249"},"modified":"2021-09-07T08:15:18","modified_gmt":"2021-09-07T08:15:18","slug":"egypts-first-actuarial-life-table-for-local-insurance-players-will-start-early-july","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/09\/07\/egypts-first-actuarial-life-table-for-local-insurance-players-will-start-early-july\/","title":{"rendered":"Egypt\u2019s first actuarial life table for local insurance players will start early July"},"content":{"rendered":"<p>Egypt\u2019s first actuarial life table for life insurance will go live as early as next July, the start of the country\u2019s financial year 2021\/2022, an official said.<\/p>\n<p>Hesham Ramadan, assistant to the Egyptian Financial Regulatory Authority (FRA) chairman, further told Amwal Al Ghad that the tables are being finalised as FRA plans to host workshops for the life insurers to learn more about the new system.<\/p>\n<figure id=\"attachment_120600\" class=\"wp-caption alignleft\" aria-describedby=\"caption-attachment-120600\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-120600 size-full lazyloaded\" src=\"https:\/\/i0.wp.com\/en.amwalalghad.com\/wp-content\/uploads\/2021\/09\/Hesham-Ramadan-with-Mohamed-Omran.jpg?resize=380%2C200&#038;ssl=1\" sizes=\"auto, (max-width: 380px) 100vw, 380px\" srcset=\"https:\/\/en.amwalalghad.com\/wp-content\/uploads\/2021\/09\/Hesham-Ramadan-with-Mohamed-Omran.jpg 380w, https:\/\/en.amwalalghad.com\/wp-content\/uploads\/2021\/09\/Hesham-Ramadan-with-Mohamed-Omran-300x158.jpg 300w\" alt=\"\" width=\"380\" height=\"200\" data-ll-status=\"loaded\" \/><figcaption id=\"caption-attachment-120600\" class=\"wp-caption-text\">Mohamed Omran, chairman of the Egyptian Financial Regulatory Authority (FRA), with his assistant Hesham Ramadan<\/figcaption><\/figure>\n<p>Life tables, which are also known as mortality tables or actuarial tables, are based on statistics to calculate the probable life expectancy for people at different ages and the probability of them making it to their next birthday.<\/p>\n<p>The new table is part of efforts to develop Egypt\u2019s life insurance market and increase its efficiency.<\/p>\n<p>Ramadan said life insurance companies in Egypt currently rely on British life tables that are based on data from mid-1950s in pricing insurance products, giving inaccurate and archaic representation of the local life insurance market. This accordingly affects the market\u2019s ability to keep pace with global developments in pricing insurance products.<\/p>\n<p>With the first life table used in Egypt that is based on Egyptian data, insurance companies would better price their products and account for probable future life events to insure.<\/p>\n<p>\u201cDeveloping this table was a necessity to ensure fair pricing in the market.\u201d Ramadan added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt\u2019s first actuarial life table for life insurance will go live as early as next July, the start of the country\u2019s financial year 2021\/2022, an official said.<\/p>\n","protected":false},"author":4,"featured_media":322002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23],"tags":[90],"class_list":["post-323249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-markets","tag-financial-regulatory-authority"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Egypt\u2019s first actuarial life table for local insurance players will start early July - egy-africa<\/title>\n<meta name=\"description\" content=\"Egypt\u2019s first actuarial life table for life insurance will go live as early as next July, the start of the country\u2019s financial year 2021\/2022, an official said.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2021\/09\/07\/egypts-first-actuarial-life-table-for-local-insurance-players-will-start-early-july\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s first actuarial life table for local insurance players will start early July - egy-africa\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s first actuarial life table for life insurance will go live as early as next July, the start of the country\u2019s financial year 2021\/2022, an official said.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/egy-africa.com\/en\/2021\/09\/07\/egypts-first-actuarial-life-table-for-local-insurance-players-will-start-early-july\/\" \/>\n<meta property=\"og:site_name\" content=\"egy-africa\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-07T08:15:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/04\/D9_87_D9_8A_D8_A6_D8_A9-_D8_A7_D9_84_D8_B1_D9_82_D8_A7_D8_A8_D8_A9-_D8_A7_D9_84_D9_85_D8_A7_D9_84_D9_8A_D8_A9-768x430-1.jpg?fit=750%2C430&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"430\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aya Abdulghany\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aya Abdulghany\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/09\/07\/egypts-first-actuarial-life-table-for-local-insurance-players-will-start-early-july\/\",\"url\":\"https:\/\/egy-africa.com\/en\/2021\/09\/07\/egypts-first-actuarial-life-table-for-local-insurance-players-will-start-early-july\/\",\"name\":\"Egypt\u2019s first actuarial life table for local insurance players will start early July - egy-africa\",\"isPartOf\":{\"@id\":\"https:\/\/egy-africa.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/09\/07\/egypts-first-actuarial-life-table-for-local-insurance-players-will-start-early-july\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/09\/07\/egypts-first-actuarial-life-table-for-local-insurance-players-will-start-early-july\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/04\/D9_87_D9_8A_D8_A6_D8_A9-_D8_A7_D9_84_D8_B1_D9_82_D8_A7_D8_A8_D8_A9-_D8_A7_D9_84_D9_85_D8_A7_D9_84_D9_8A_D8_A9-768x430-1.jpg?fit=750%2C430&ssl=1\",\"datePublished\":\"2021-09-07T08:15:18+00:00\",\"dateModified\":\"2021-09-07T08:15:18+00:00\",\"author\":{\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131\"},\"description\":\"Egypt\u2019s first actuarial life table for life insurance will go live as early as next July, the start of the country\u2019s financial year 2021\/2022, an official said.\",\"breadcrumb\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/09\/07\/egypts-first-actuarial-life-table-for-local-insurance-players-will-start-early-july\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/egy-africa.com\/en\/2021\/09\/07\/egypts-first-actuarial-life-table-for-local-insurance-players-will-start-early-july\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/09\/07\/egypts-first-actuarial-life-table-for-local-insurance-players-will-start-early-july\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/04\/D9_87_D9_8A_D8_A6_D8_A9-_D8_A7_D9_84_D8_B1_D9_82_D8_A7_D8_A8_D8_A9-_D8_A7_D9_84_D9_85_D8_A7_D9_84_D9_8A_D8_A9-768x430-1.jpg?fit=750%2C430&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/04\/D9_87_D9_8A_D8_A6_D8_A9-_D8_A7_D9_84_D8_B1_D9_82_D8_A7_D8_A8_D8_A9-_D8_A7_D9_84_D9_85_D8_A7_D9_84_D9_8A_D8_A9-768x430-1.jpg?fit=750%2C430&ssl=1\",\"width\":750,\"height\":430},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/09\/07\/egypts-first-actuarial-life-table-for-local-insurance-players-will-start-early-july\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/egy-africa.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egypt\u2019s first actuarial life table for local insurance players will start early July\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/egy-africa.com\/en\/#website\",\"url\":\"https:\/\/egy-africa.com\/en\/\",\"name\":\"egy-africa\",\"description\":\"Just another WordPress site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/egy-africa.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131\",\"name\":\"Aya Abdulghany\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g\",\"caption\":\"Aya Abdulghany\"},\"sameAs\":[\"http:\/\/egy-africa.com\",\"mohamed nour\"],\"url\":\"https:\/\/egy-africa.com\/en\/author\/aya-abdulghany\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Egypt\u2019s first actuarial life table for local insurance players will start early July - egy-africa","description":"Egypt\u2019s first actuarial life table for life insurance will go live as early as next July, the start of the country\u2019s financial year 2021\/2022, an official said.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/egy-africa.com\/en\/2021\/09\/07\/egypts-first-actuarial-life-table-for-local-insurance-players-will-start-early-july\/","og_locale":"en_US","og_type":"article","og_title":"Egypt\u2019s first actuarial life table for local insurance players will start early July - egy-africa","og_description":"Egypt\u2019s first actuarial life table for life insurance will go live as early as next July, the start of the country\u2019s financial year 2021\/2022, an official said.","og_url":"https:\/\/egy-africa.com\/en\/2021\/09\/07\/egypts-first-actuarial-life-table-for-local-insurance-players-will-start-early-july\/","og_site_name":"egy-africa","article_published_time":"2021-09-07T08:15:18+00:00","og_image":[{"width":750,"height":430,"url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/04\/D9_87_D9_8A_D8_A6_D8_A9-_D8_A7_D9_84_D8_B1_D9_82_D8_A7_D8_A8_D8_A9-_D8_A7_D9_84_D9_85_D8_A7_D9_84_D9_8A_D8_A9-768x430-1.jpg?fit=750%2C430&ssl=1","type":"image\/jpeg"}],"author":"Aya Abdulghany","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Aya Abdulghany","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/egy-africa.com\/en\/2021\/09\/07\/egypts-first-actuarial-life-table-for-local-insurance-players-will-start-early-july\/","url":"https:\/\/egy-africa.com\/en\/2021\/09\/07\/egypts-first-actuarial-life-table-for-local-insurance-players-will-start-early-july\/","name":"Egypt\u2019s first actuarial life table for local insurance players will start early July - egy-africa","isPartOf":{"@id":"https:\/\/egy-africa.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/egy-africa.com\/en\/2021\/09\/07\/egypts-first-actuarial-life-table-for-local-insurance-players-will-start-early-july\/#primaryimage"},"image":{"@id":"https:\/\/egy-africa.com\/en\/2021\/09\/07\/egypts-first-actuarial-life-table-for-local-insurance-players-will-start-early-july\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/04\/D9_87_D9_8A_D8_A6_D8_A9-_D8_A7_D9_84_D8_B1_D9_82_D8_A7_D8_A8_D8_A9-_D8_A7_D9_84_D9_85_D8_A7_D9_84_D9_8A_D8_A9-768x430-1.jpg?fit=750%2C430&ssl=1","datePublished":"2021-09-07T08:15:18+00:00","dateModified":"2021-09-07T08:15:18+00:00","author":{"@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131"},"description":"Egypt\u2019s first actuarial life table for life insurance will go live as early as next July, the start of the country\u2019s financial year 2021\/2022, an official said.","breadcrumb":{"@id":"https:\/\/egy-africa.com\/en\/2021\/09\/07\/egypts-first-actuarial-life-table-for-local-insurance-players-will-start-early-july\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/egy-africa.com\/en\/2021\/09\/07\/egypts-first-actuarial-life-table-for-local-insurance-players-will-start-early-july\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/egy-africa.com\/en\/2021\/09\/07\/egypts-first-actuarial-life-table-for-local-insurance-players-will-start-early-july\/#primaryimage","url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/04\/D9_87_D9_8A_D8_A6_D8_A9-_D8_A7_D9_84_D8_B1_D9_82_D8_A7_D8_A8_D8_A9-_D8_A7_D9_84_D9_85_D8_A7_D9_84_D9_8A_D8_A9-768x430-1.jpg?fit=750%2C430&ssl=1","contentUrl":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/04\/D9_87_D9_8A_D8_A6_D8_A9-_D8_A7_D9_84_D8_B1_D9_82_D8_A7_D8_A8_D8_A9-_D8_A7_D9_84_D9_85_D8_A7_D9_84_D9_8A_D8_A9-768x430-1.jpg?fit=750%2C430&ssl=1","width":750,"height":430},{"@type":"BreadcrumbList","@id":"https:\/\/egy-africa.com\/en\/2021\/09\/07\/egypts-first-actuarial-life-table-for-local-insurance-players-will-start-early-july\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/egy-africa.com\/en\/"},{"@type":"ListItem","position":2,"name":"Egypt\u2019s first actuarial life table for local insurance players will start early July"}]},{"@type":"WebSite","@id":"https:\/\/egy-africa.com\/en\/#website","url":"https:\/\/egy-africa.com\/en\/","name":"egy-africa","description":"Just another WordPress site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/egy-africa.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131","name":"Aya Abdulghany","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g","caption":"Aya Abdulghany"},"sameAs":["http:\/\/egy-africa.com","mohamed nour"],"url":"https:\/\/egy-africa.com\/en\/author\/aya-abdulghany\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/04\/D9_87_D9_8A_D8_A6_D8_A9-_D8_A7_D9_84_D8_B1_D9_82_D8_A7_D8_A8_D8_A9-_D8_A7_D9_84_D9_85_D8_A7_D9_84_D9_8A_D8_A9-768x430-1.jpg?fit=750%2C430&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pcF3XZ-1m5H","_links":{"self":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/323249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/comments?post=323249"}],"version-history":[{"count":1,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/323249\/revisions"}],"predecessor-version":[{"id":323250,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/323249\/revisions\/323250"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/media\/322002"}],"wp:attachment":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/media?parent=323249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/categories?post=323249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/tags?post=323249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}