Swvl partners with AXA to insure its trips in Egypt

Egyptian transport technology start-up Swvl announced on Wednesday its partnership with AXA Egypt to insure all Swvl trips.

The agreement covers domestic routes in Greater Cairo and Alexandria, in addition to inter-governorate trips.

The partnership comes in light of the continuous efforts to provide safety and protection to Swvl’s customers and drivers, as the company said.

The company added that it seeks to offer a competitive service at affordable prices, while prioritising for passenger safety from the start of the journey until its end. This comes due to the increase in the number of routes and buses, the growing number of trips, and the expansion of transportation between governorates.

Omar Selim, General Manager of Swvl said that his company chose to partner with AXA General Insurance Egypt because it is one of the multinational companies with a great track-record and respectable reputation in the insurance sector.

The insurance coverage amounts up to 100,000 Egyptian pounds ($6,394), and covers passengers and drivers, Selim added.

He also noted that the full insurance amount is payable in case of death or permanent total disability and that the claim amount varies depending on each case.

The policy that started this November, covers passengers and drivers inside Egypt around the clock, seven days a week, from the moment they board the bus and until the end of the trip, Selim said.

“We are proud to partner with Swvl to insure their wide client base, providing daily protection on nationwide trips and we strive towards contributing to better protection and safety standards on the road through insurance for passengers and drivers against unexpected risks.” Ayman Kandeel, Chairman of AXA General Insurance said.

Meanwhile, Ahmed Nasef, Managing Director of AXA General Insurance said: “Since AXA’s inception in Egypt, we have continuously aimed to become a one-stop shop by availing all types of protection through innovative channels and partners.

“AXA constantly seeks to be the insurance partner for all Egyptians by providing the protection they deserve at new standards and in the easiest manner.” Nasef added.