FinTech company Fawry has signed a strategic partnership agreement with talabat Egypt, an e-commerce platform that operates across MENA.
Wethaq Takaful Insurance Company - Egypt (Wethaq Egypt) aims to increase its issued capital to EGP750m ($15.9m) within the next three years to boost its financial solvency and support future growth plans, according to Mr Antar Gad, the company's Chairman.
The insurance sector is witnessing a fundamental shift in risk assessment methods, with the gradual transition from reliance on traditional actuarial models to integrating behavioural data into pricing and underwriting practices, to reflect the actual level of risk more accurately and fairly, the Insurers Federation of Egypt (IFE) has stated.
The Egyptian Financial Regulatory Authority (FRA) has issued a resolution, amending some provisions of a 2024 regulation, regarding the controls for granting and maintaining licences for companies operating in non-banking financial activities, including insurance.
Shareholders of Misr Emirates Life Takaful - SALAMA (METLICO) have approved increasing the company's authorised and paid-up capital to EGP400m ($8.4m) at an extraordinary general assembly meeting.
Post Investment Company -- the investment arm of the Egyptian Post -- and AXA Egypt plan to obtain the final licence for Sawa Microinsurance Company and launch the joint venture in the second quarter of 2026.
Delta Insurance and Delta Life Insurance have now become subsidiaries of Wafa Assurance Group (Wafa Assurance), the leading insurer in Morocco.
The Insurers Federation of Egypt (IFE) has identified four main pillars to bridge protection gaps and advance insurance inclusion in the market.
The International Association of Insurance Supervisors (IAIS) has selected Egypt's insurance regulator, the Financial Regulatory Authority (FRA), to join the Protection Gap Task Force (PGTF) for natural disasters.
Misr Life Insurance Company (Misr Life) has appointed Mr Moustafa Elkamash as Executive Managing Director.