Egyptian InsurTech company SehaTech has raised $1.1m in a seed funding round to expand its AI-centred platform that streamlines and automates health insurance administration.
Orient Takaful Insurance Egypt has received the approval of the Financial Regulatory Authority (FRA) to change its operating model from takaful to conventional, the financial regulator announced in a statement.
Technical committees of the Insurers' Federation of Egypt (IFE) are currently studying the proposed form of the divorce insurance policy, a line of business provided for under the new insurance law passed in 2024.
The Financial Regulatory Authority (FRA) has approved a capital increase of EGP200m ($4.2m) proposed by Delta Life Insurance Company. The increase will be implemented through a bonus issue.
The Insurers Federation of Egypt (IFE) has recommended that insurance companies create green products and contribute to financing environmental projects.
The Competition Commission of the Common Market for Eastern and Southern Africa (COMESA) has published a notice of inquiry into the proposed acquisition of Egypt's Delta Insurance by Morocco's Wafa Assurance.
The Financial Regulatory Authority (FRA) has issued regulations covering the digital issuance and distribution of insurance policies by insurance companies and brokers.
The Financial Regulatory Authority (FRA) has approved the publication of a mandatory tender offer submitted by a leading Moroccan insurance company, Wafa Assurance, to acquire shares in Delta Insurance Company.
The Financial Regulatory Authority (FRA) announced in a statement last week that it had launched a comprehensive training strategy for the insurance sector to build future leaders, in cooperation with Egyptian insurance companies and a number of international universities and institutes.
The Central Bank of Egypt's (CBE) move to ease its monetary policy-supported by declining inflation rates-will increase the ability of insurance companies to offer customers more competitive premium rates, as insurers expect to pay less compensation, contributing to stabilising insurance prices, according to Mr Omar Gouda, former managing director of Misr Insurance.