Tag Search Result

Show result per page
Page 1 of 35

Egypt tag returned 343 results

  • Egypt: Privately-held insurers command nearly 70% of total premiums

    The 36 insurance companies in the private sector in Egypt commanded a share of 68.8% of total premiums collected in 2020, according to data from the Financial Regulatory Authority (FRA).

    Middle East | 09 Mar 2021
  • Egypt: Insurers' combined net profits jump by 25% in 2020

    The Egyptian insurance sector has posted a 25% jump in net surplus to EGP6bn ($382m)-comprising underwriting gains and investment returns-for the 12 months to 31 December 2020, compared to EGP4.8bn in 2019.

    Middle East | 07 Mar 2021
  • Egypt: Govt discusses setting up insurance fund to cover family planning risk

    The government is currently discussing a proposal to establish a government fund for the Egyptian family, by providing incentives to encourage family planning, and to achieve compliance with the prescribed age of marriage, which is 18 years.

    Middle East | 04 Mar 2021
  • Egypt: Court rules against disclosure of commissions and other benefits paid to insurance intermediaries

    An administrative court has ruled that insurers do not have to disclose in insurance policies the amount of commissions or incentives paid to intermediaries.

    Middle East | 03 Mar 2021
  • Egypt: Regulator approves capital increase for Orient Takaful to US$16m

    The Financial Regulatory Authority has approved an application submitted by Orient Takaful Insurance-Egypt, to increase its paid-up capital to EGP250m ($16m) from EGP150m.

    Middle East | 23 Feb 2021
  • Egypt: Regulator tightens rules on insurers' transactions with shareholders

    The Financial Regulatory Authority (FRA) has directed that the cap on total annual direct premiums for insurance operations entered into by a property insurance company with its main shareholders and associated persons shall be 10% of the total annual direct premiums of the company.

    Middle East | 11 Feb 2021
  • Egypt: Insurers to promote coverage to SMEs

    The Insurance Federation of Egypt (IFE) has approved the expansion of the scope of the work of the General Committee for Microinsurance to small and medium enterprises, in light of the Egyptian state's support for micro, small and medium enterprises and amendments of the laws related to this sector, according to Mr Alaa El-Zoheiry, IFE president.

    Middle East | 09 Feb 2021
  • Egypt: Rollout of universal health care scheme to be completed 5 years earlier

    President Abdel-Fattah El-Sisi has instructed that the implementation of the country's Comprehensive Health Insurance System nationwide is to be accelerated so that the scheme would be rolled out completely in 10 years instead of the originally scheduled 15 years, according to Dr Mohamed Maait, Minister of Finance, and chairman of the General Authority for Comprehensive Health Insurance.

    Middle East | 01 Feb 2021
  • Egypt: Cancer rates seen as rising

    Cancer incidence rates are increasing in Egypt with an overall average annual increase of 6.5%, according to data provided by international healthcare benefits management company GlobeMed. Egypt sees an average of around 362 new cancer cases per 100,000 persons.

    Middle East | 27 Jan 2021
  • Egypt: Insurance market grows by 14% in 2020

    Total premiums in Egypt increased to EGP40.1bn ($2.55bn) in the 2020 fiscal year compared to EGP35.2bn in the previous year, an increase of 14%.

    Middle East | 20 Jan 2021