Insurance News
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EGP 70B in total premiums collected by insurance companies in 2023: FRA
This came during the participation of Chairman of Financial regulatory authority (FRA), Mohamed Farid at the 3rd Microinsurance Conference.
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Fitch Revises Misr Insurance Company's National IFS to 'AAA(egy)'
The rating action follows the recalibration of Egypt's National Ratings Table after the downgrade of Egypt's sovereign rating.
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Maait: Up to LE768 bn transferred to social insurance authority in 52 months
The move comes in implementation of directives of President Abdel Fattah al-Sisi to support the insurance and pension system.
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FRA launches Egyptian actuarial tables for insurance sector advancement
The Financial Regulatory Authority (FRA), Egypt, has launched the nation's first actuarial tables for the insurance sector.
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5th edition of Sharm Rendezvous Insurance Forum kicks off
The 5th edition of Sharm Rendezvous Insurance Forum commenced under Prime Minister Mostafa Madbouly, with 980 experts from 33 countries participating.
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Financial Regulatory Authority mandates pricing regulations for insurance companies
The Financial Regulatory Authority (FRA) has mandated insurance companies to price their policies to enhance market efficiency and fairness in pricing.
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Egyptian expatriates to receive social protection, assures assistant minister
Egyptian expatriates are set to gain social protection, particularly following crises in Libya, Morocco, Russia, and Ukraine, confirmed Assistant Minister of State for Immigration and Egyptian Expatriates, Amr Abbas.
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Premiums rise by nearly 29% in Egypt
Data from Egypt’s Financial Regulatory Authority showed that local insurers recorded a 28.9% year-on-year growth.
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Top 10 Egyptian insurance companies
Egypt has a well-established insurance industry, with both life and general insurance companies operating in the country.
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Egyptian insurance market showing resilience despite “challenging economic conditions”
Approximately 40 companies are licensed to operate in the Egyptian insurance market, with non-life companies outnumbering life insurers.
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Estafsar and Al Wataniya partner to boost insurance innovation in Egypt
The collaboration is a significant step in achieving Estafsar’s goal of increasing insurance penetration levels in Egypt above its current level.
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Allianz Egypt renews partnership with Crédit Agricole Egypt for four years
Aims to provide an array of comprehensive insurance services and solutions through Credit Agricole Egypt’s multiple distribution channels.
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AXA Egypt plans to expand in Egyptian market this year: GM
The insurance sector in Egypt, one of the oldest of its kind in the Middle East and North Africa, is suffering a number of challenges.
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Egypt transfers ownership of Misr Insurance Holding to TSFE
President Abdel Fattah Al-Sisi has decided to transfer the ownership of Misr Insurance Holding to the Sovereign Fund of Egypt (TSFE).
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Presidential decree to transfer ownership of Misr Insurance Holding to TSFE
The IPOs program is also scheduled to put 10 to 15 percent of the shares of Misr Life Insurance company on the stock exchange.
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Misr insurance company ownership transferred to Egypt’s sovereign fund
Before its issuance, the company was under the jurisdiction of the Ministry of Public Business Sector.
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Egypt seeks to issue title deed insurance policy to motivate foreigners to buy real estate
The Financial Regulatory Authority (FRA) intends to issue a title deed insurance policy document against risks soon.
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Cairo hosts first regional Arab Actuarial Conference
Under the patronage of Egypt’s Financial Supervisory Authority, Ministry of Finance and National Organisation of Social Insurance.
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Nigeria’s Curacel raises funding to power insurance offerings and expand into North Africa
It is used by over 100 companies, and e-commerce platforms across eight African markets: Nigeria, Ghana, Kenya, Morocco and Egypt.
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AXA Egypt concludes fiscal 2021/2022 results with effective operational outcomes
This affirms AXA’s robust strategy during its 7 years in the Egyptian market, providing all insurance products to its customers.