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Egypt tag returned 708 results

  • Egypt: Senate reviews debate request to enhance competitiveness of insurance sector

    The Egyptian Senate reviewed a general debate request from member of parliament Mohamed El-Manzalawi and more than 20 members regarding government policies to enhance the efficiency and competitiveness of the insurance sector, according to news site Amwal Al Ghad.

    Middle East | 06 Feb 2025
  • Egypt: Insurance business grows by 26% between Jan-Nov 2024

    Total premium income for the insurance market in Egypt registered notable growth in the period between January and November 2024, according to the Financial Regulatory Authority (FRA) monthly report.

    Middle East | 04 Feb 2025
  • Egypt: GIG Egypt upgrades capital following merger

    Gulf Insurance Group (GIG) Egypt's subsidiary has increased it paid up capital to EGP600m ($11.9m), the move comes completing the merger with AIG Egypt, a subsidiary of American International Group. In the last quarter of 2023, GIG acquired AIG Egypt in a deal valued at around EGP197m. Last January, the Group consolidated its Egypt subsidiary, GIG Egypt, with its newly acquired company AIG Egypt.

    Middle East | 03 Feb 2025
  • Egypt: Changed production costs of coverage may reflect operational efficiency

    With the release of its annual statistics for the year 2022/2023, the commission rates and production costs ratios of various insurance lines can be compared to those of the previous fiscal year of 2021/2022, according to Al-Mal News.

    Middle East | 30 Jan 2025
  • Egypt: New leadership for Misr Insurance Holding

    Misr Insurance Holding Group (MIHC) has named Mrs Bahia Ahmed Ismail as executive managing director of the company effective 23 January 2025. She will also be the representative of the Sovereign Fund of Egypt, the owner of MIHC since 2023.

    Middle East | 27 Jan 2025
  • Egypt: New insurance law will attract investments

    Increasing the capital requirements and introducing new compulsory insurance covers will be a game-changer in the insurance sector says chairman of the Insurance Federation of Egypt.

    Middle East | 26 Jan 2025
  • Egypt: Capital requirements increased to enhance operators' financial solvency

    The Financial Regulatory Authority (FRA) issues a decision to increase the minimum capital of insurance companies to enhance financial solvency and as part of the implementation of the Unified Insurance Law. Insurance companies are required to increase their capital to EGP600m ($11.9m) within two years.

    Middle East | 21 Jan 2025
  • Egypt: FRA sets the stage for implementing new law

    Egypt's Financial Regulatory Authority adopts a package of measures to implement the new Unified Insurance Law with technology and modernisation of the sector being a top priority.

    Middle East | 15 Jan 2025
  • Egypt: GWP up by 26% in first 10 months of 2024

    The insurance market in Egypt achieved notable growth in terms of premium income in the first 10 months of the past year, mainly driven by the rise in property and liability operations.

    Middle East | 07 Jan 2025
  • Egypt: Misr, UAE's AAIC insurers team up to boost Egypt's digital transition

    Egypt's state-owned general insurer, Misr Insurance Company (Misr Insurance), and the UAE-based Al Ain Ahlia Insurance Company have entered a strategic partnership to enhance cooperation in the fields of digital transformation between the two companies, as well as develop insurance products, exchange scientific expertise, improve the level of training and exchange expertise; in the interest of both companies, said a statement issued by Egypt's Ministry of Investment and Foreign Trade (MIFT).

    Middle East | 07 Jan 2025