Egypt’s Contact Financial Holding launches digital comprehensive car insurance product

Egypt’s Contact Financial Holding, formerly Sarwa Capital, has launched on Monday its digital comprehensive car insurance product.

The new product is part of Contact’s digital transformation strategy to launch fully digital products and services, Said Zater, chief executive of Contact Financial, explained in a statement.

The new digital policy is available and can be bought through the websites of Contact’s subsidiaries; ContactCars, SARWA Insurance Company, and Contact Insurance Brokerage.

Operating since 2001, Contact Financial Holding is the first specialised consumer finance company in Egypt, designed to secure equity financing from various sources since its inception, including banks, private equity firms, and individuals.