Egypt’s Misr Insurance Holding eyes 31% growth in FY2022/23 net profit
Egypt’s state-owned Misr Insurance Holding (MIHC) is targeting a net profit of 5.8 billion Egyptian pounds ($306.2…
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New amendments to Egypt’s universal healthcare system to clarify private sector role
New legislative amendments on the new Universal Health Insurance Act will be submitted to the cabinet including a…
Egypt’s Misr Insurance premiums grow 3.9% in FY2019/20
Egypt’s Misr Insurance reported on Tuesday a 3.9 percent surge year-on-year in its premiums to record 9.341 billion…
FRA Oks increase in Egyptian Takaful Insurance’s capital
Egypt’s Financial Regulatory Authority (FRA) on Wednesday endorsed a planned increase in the Egyptian Takaful…
Egyptian Takaful Insurance negotiating with Egypt Trust to activate e-signature for…
Egyptian Takaful Insurance (Property) has started negotiations with Egypt Trust to activate the electronic…
Insurance companies’ investments in Egypt’s T-bills fall 11.5% May-end
The total investments of insurance companies operating in the Egyptian government’s treasury bills dropped 11.5…
Suez Canal Insurance’s net premiums at 1bn Egyptian pounds in FY20
Egyptian Suez Canal Insurance’s net premiums registered 1 billion Egyptian pounds ($62.6 million) during the…
Insurance companies’ investments in Egypt’s T-bills fall 1% April-end
The total investments of insurance companies operating in the Egyptian government’s treasury bills fell one percent…
Compensation paid by Egypt’s insurers 21.4% up in three months
Compensation paid to clients by insurance companies operating in Egypt surged 21.4 percent during the first quarter…
Egyptian Red Crescent gets EGP 51 million from USAID to fight coronavirus
The United States Agency for International Development (USAID), is providing 51 million Egyptian pounds (or $3.2…
Egypt’s newest Misr Life Takaful Insurance: who are the shareholders?
Around150 million Egyptian pounds ($9.4 million) have been raised into Egypt’s newest joint venture Misr Life…
Egypt’s Misr Insurance signs JV to run life takaful unit
Egypt’s state-run Misr Insurance Holding (MIHC) signed on Tuesday a joint venture agreement with two of the…
Misr Insurance Holding to form JV with Egypt’s two biggest state banks
Egypt’s state-run Misr Insurance Holding Company plans to form a joint venture with the National Bank of Egypt…
Suez Canal Insurance, Hannover Re renew reinsurance deal for 2020
Egypt’s Suez Canal Insurance has renewed a reinsurance contract with German reinsurer Hannover Re for another year.
AM Best affirms credit rating of Egypt’s Misr Life Insurance
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer credit rating of “bbb” of…
Wethaq Takaful Insurance-Egypt’s net profit 27.3% up in 3 months
Wethaq Takaful Insurance-Egypt posted a 27.3 percent year-on-year growth in net profit during the first quarter of…
Compensation paid by Egyptian Takaful Insurance 118% up in 3 months
Compensation paid to clients by Egyptian Takaful Insurance (Property) jumped 118 percent during the first three…
Wethaq Takaful Insurance-Egypt’s premiums grow 80% in 3 months
Wethaq Takaful Insurance-Egypt’s premiums jumped 80 percent year-on-year during the first three months of the…
Orient Takaful Egypt eyes boosting investment at end-FY20
Orient Takaful Insurance – Egypt plans to increase its investments to 1.2 billion Egyptian pounds ($74.5 million)…
Wethaq Takaful Egypt’s investments rise to $41.5 mln June-end
Wethaq Takaful Insurance-Egypt said on Sunday its investments increased to 669.090 million Egyptian pounds ($41.5…
Egypt’s Misr Life strikes bancassurance deal with NSB bank
Egypt’s state-owned Misr Life Insurance on Tuesday reached a bancassurance partnership agreement with Nasser Social…
Egyptian Takaful Insurance’s profits 30% up in 3 months
Egyptian Takaful Insurance (Property) posted a 30 percent year-on-year growth in profits during the first three…
Wethaq-Egypt’s insurance activity surplus hits $4.3 mln in FY2019
Wethaq Takaful Insurance-Egypt generated surplus from insurance activity of 70 million Egyptian pounds ($4.3…
Egypt’s state-run Misr Real Estate Assets FY19 revenues 29.4% up
Egypt’s state-run Misr Real Estate Assets Management posted a 29.4 percent growth in revenues during the financial…
Egypt’s Misr Insurance premiums jump 108.5% in FY2019
Egypt’s state-run Misr Insurance posted a 108.5 percent increase in premiums during the 2018/2019 financial year,…
Egyptian Takaful Insurance’s investments rise 5.5% end- Sept.
Egyptian Takaful Insurance (Property) posted a 5.5 percent year-on-year growth in investments at the end of last…
Arope Insurance of Properties-Egypt profits at $1.4 mln in FY2019
Arope Insurance of Properties and Liabilities - Egypt posted profits worth 23 million Egyptian pounds ($1.4…
Egyptian Takaful Insurance’s premiums grow 28.8% y-o-y in Q1-FY20
Egyptian Takaful Insurance (Property) posted a 28.8 percent year-on-year surge in premiums during the first quarter…
Egypt’s first charitable fund board Oks issued capital hike
The board of ATAA, Egypt’s first charitable investment fund to support people with disabilities, on Sunday has…
Egypt’s Misr Insurance, Agiba Petroleum renew cover deal – official
Egypt’s state-owned Misr Insurance has renewed an insurance cover agreement with the country’s Agiba Petroleum Co.,…
Wethaq-Egypt board Oks paid-in capital increase
Wethaq Takaful Insurance-Egypt’s board has endorsed a planned increase in its paid-in capital to 190 million…
Egyptian Takaful Insurance strikes bancassurance deal with United Bank
Egyptian Takaful Insurance Co. (Property) has reached bancassurance partnership agreement with United Bank of…
Egypt’s Misr Insurance Holding to launch life takaful unit mid-2020
Egypt’s state-run Misr Insurance Holding plans to establish a new unit for life takaful activities by mid-2020,…
Egypt allocates $301k for blast-hit cancer institute
Egyptian Social Solidarity Minster Ghada Waly on Tuesday approved to allocate 5 million Egyptian pounds ($301,670)…
Egypt to launch first natural disasters insurance pool in 6 months
Egypt is planning to launch its first ever insurance pool against nature disasters in the next six months, head of…
Misr Insurance Holding’s affiliates eye 34.5% surge in FY20 net profits
Egyptian state-owned Misr Insurance Holding said on Sunday affiliates are targeting a 34.5 percent growth in net…
Misr Insurance to cover BP’s West Nile Delta project
Egyptian state-owned Misr Insurance says it won an insurance policy to cover the construction works of West Nile…
Egyptian Takaful Insurance posts 19% surge in nine-month profits
Egyptian Takaful Insurance Company (Property) posted a 19 percent year-on-year surge in its profits to record 99…
Egyptian Saudi Insurance House posts $18.9 mln premiums in 9 months
Egyptian Saudi Insurance House achieved premiums worth 320 million Egyptian pounds ($18.9 million) during the first…
Misr Insurance pays first tranche of compensation to Pharaonic Petroleum
Egyptian state-owned Misr Insurance paid the first tranche of compensation, estimated at around $3.9 million to…