The insurance industry in Egypt has seen a decrease in the volume of credit insurance sold recently, according to Mr Ahmed Hosny, CEO and managing director of the insurance broker Alliant.
The Insurance Federation of Egypt (IFE) has identified the main axes on which it bases its strategy to bridge the insurance gap and increase penetration rates.
The Financial Regulatory Authority (FRA) has issued a decision prohibiting insurance brokers from collecting fees, insurance premiums, or other payments from clients and depositing the amounts received to the bank accounts of the brokers.
Misr Insurance Company, Egypt's biggest non-life insurer, has shown strong financial performance and earnings, says Fitch Ratings.
The Insurance Federation of Egypt (IFE) is reviewing insurance companies' coverage of the risks of green hydrogen projects.
The Financial Regulatory Authority (FRA) has revealed its strategic efforts to develop the private insurance fund market as part of its comprehensive strategy for non-banking financial services for 2023-2027.
The lack of historical data that would form the basis to price microinsurance products is a hurdle which insurers can overcome by adopting prototype products at an initial price, according to Mr Makeen Lotfy Abdullah, chairman of the Microinsurance and Small and Medium Enterprises Insurance Committee of the Insurance Federation of Egypt (IFE).
The Financial Regulatory Authority (FRA) has released the first Egyptian actuarial life tables, after having relied on decades-old UK actuarial life tables that have become out-of-date, the regulator says in a statement.
GIG Insurance-Egypt (GIG-Egypt) has a record of generating strong earnings despite the challenging operating conditions and high inflationary environment of Egypt, says AM Best.
State-owned Misr Insurance Company (MIC), Egypt's biggest non-life insurer, has a track record of robust operating performance, demonstrated by a five-year (2018-2022) weighted average return on equity and combined ratio of 12.3% and 93.9% (as calculated by AM Best), respectively.