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Sarwa Capital obtains licences to commence insurance business
Sarwa Capital Holding for financial investments, announced on Monday the receipt of the requisite licences from the Financial Regulatory Authority (FRA) in order to commence offering life and general insurance products. Accordingly, two new companies will be commenced, Sarwa Insurance Company, which will provide property and liability insurance, and Sarwa Life Insurance Company, which will …
Egypt is among largest Arab markets, insurance diffusion remains low: El Khatib
Company’s assets increase by 19% for last 3 years, after distributing $10m of dividends in 2017
Egyptians spend about $16 on insurance: IFE
Insurance sector ranks fourth in Africa in terms of sector’s activity growth rates
Sharm El-Sheikh Insurance, Reinsurance Rendezvous to kick off 28 October
IFE coordinates with Egyptian Tourism Authority to exploit conference for promoting tourism in Egypt, El-Zoheiry
GIG ranks first among private sector insurance companies in Egypt in FY 2017/2018: chairperson
Company achieved premiums worth EGP 971m in FY 2017/2018, says El-Zoheiry
New regulatory reforms to support Egypt’s insurance sector: OBG
The series of reforms adopted by the Egyptian authorities to expand insurance penetration, with the expectation that regulatory measures, coupled with the rollout of universal health coverage, will lead to a doubling of premiums within the next five years, according to Oxford Business Group (OBG)’s Egypt economic update issued on Monday. According to the report, …
Insurance coverage of King Tut belongings to be shown abroad valued at $862m: El-Anany
Ministry expects returns of $5m, exhibition expected to take place in 10 world cities, antiquities minister says
Premiums of insurance companies exceed EGP 17bn at end of last fiscal year: EFSA
Samy stressed the importance of developing the compulsory insurance system
Allianz Egypt, Emirates NBD-Egypt offer property and casualty insurance
The services are introduced to meet the increasing sophisticated needs of Egyptian customers
Doctors’ Syndicate threatens legal action if health insurance bill passes unamended
The syndicate has been calling for substantial amendments to the bill since it was drafted
Moody’s appraise banking regulations, insurance in Egypt
The report explained that these regulations will mitigate the credit risk in banks’ growing retail portfolios and will reduce banks’ asset quality vulnerability that has been the result of focusing on large single-corporate customers.
In Video: Doctors protest for patients & doctors rights in health insurance
Doctors protest at doctors syndicate in Cairo calling on the rights of doctors within the state’s health insurance sector to get equally paid as doctors in public sector. Doctors also protested for the better working conditions of doctors in health insurance to insure a better service for the patient since this is where the …
Cabinet concerned over new health insurance bill budget
New bill will be drafted within two weeks for parliament review
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New ‘Car City’ raises controversy
The 20-year usufruct system hinders idea of establishing New Car City, says businessman
Egypt’s insurance market prospects are encouraging: Moody’s
Economic hurdles such as poverty and shortage of skilled workers will slow sector’s growth
Banque du Caire launches product to combine advantages of insurance, savings
Clients will also be able to borrow money, and issue credit cards that have a maximum of 80% of the total account balance with facilitated terms.
Total insurance instalments paid stands at EGP 5.7bn by April 2015
Total value of compensations paid in properties insurance has reached EGP 1.3bn, compared to EGP 1.06bn during the same period in 2014
MIHC controls 60% of insurance market shares : Deputy Chairman
Three companies emerged from MIHC, and are 100% owned by it: Misr Insurance (properties); Misr Life Insurance; and Misr Real Estate Assets.
EFSA establishes first insurance awareness association: Chairman
Total investments of insurance companies and Egyptian insurance funds amount to over EGP 90bn, says EFSA Chairman
38% increase in sales in 2014: Tokio Marine Family Takaful MD
The main obstacle facing the insurance market is for people to be truly convinced to engage in insurance services, says Masaya Inagaki
Banks seek to support car manufactures
Banks face little demand for car loans, sayd Director of Barclays for retail and branches sector
Insurance sector assets currently valued at EGP 55bn: EFSA
The insurance sector contributed EGP 48.5bn to the national economy during the current year
Informal sector volume records around EGP 1.5tn: ECES
Government lost EGP 300bn in potential taxes, according to study
3rd year tourism losses will raise insurance premiums 15%: Former Hotels Chamber head
Losses in the tourism sector for the third year in a row are causing companies to raise insurance premiums on hotels and tourist facilities by 15% due to new risks
MIGA insures future packaging plant in Egypt
The Multilateral Investment Guarantee Agency (MIGA) announced collaboration with Turkey’s Elif Global on new packaging plant
New health minister prioritises emergency and ambulance issues
Prime Minister expresses interest in doctors’ strike
Pensioners’ Solidarity Syndicate criticises their exclusion from pension discussions
Egyptian Trade Union Federation has not recently met with the syndicate to discuss their demands, says syndicate member
France’s insurance giant to take major stake in UAE’s Green Crescent Insurance
Reuters – French insurance giant AXA Group and its partner in the United Arab Emirates, Kanoo Group, plan to become major shareholders in the UAE’s Green Crescent Insurance Co (GCIC), GCIC said on Sunday. The firm has called a shareholder meeting on 26 March “to consider resolutions to expand the capital base of GCIC and …
Islamic banking headway in North African banks still slow: Standard and Poor’s
S&P value total Islamic banking assets in Egypt at around $11.6bn
Spinning and weaving workers at Kafr Al-Dawar strike in solidarity with Mahalla workers
Mahalla company losses range between EGP 15m to EGP 20m, Mahalla commissioner says