Misr Life Insurance investing multi-million Egyptian pounds in digital transformation

Egypt’s state-owned Misr Life Insurance says it has invested $15 million or 250 million Egyptian pounds in developing technology infrastructure and launching a scheme for digital transformation.

The company started nearly two years ago a plan to implement an integrated electronic system in all its transactions, chairman and chief executive Ahmed Abdel Aziz told Amwal Al Ghad on Wednesday.

“We will complete the project’s (electronic system) all phases and activate digital transformation within February 2020,” Abdel Aziz said.

“We have succeeded in issuing 1,000 insurance policies through tablet instead of the traditional ways,” he added.