Egypt’s FRA regulates microinsurance to expand coverage for low-income groups
Egypt’s Financial Regulatory Authority (FRA), headed by Dr. Mohamed Farid, issued comprehensive rules governing…
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life insurance
Egypt’s FRA unveils first-ever framework for life insurers to tap gold investments
Egypt’s Financial Regulatory Authority (FRA) has on Wednesday for the first time allowed life insurance companies…
Egypt eyes regional insurance hub status in talks with AXA executives
The Minister of Investment and Foreign Trade, Hassan El-Khatib, met with AXA Global officials on Thursday to…
Egypt’s first actuarial life table for local insurance players to go live early July
Egypt’s first actuarial life table for life insurance will go live as early as next July, the start of the…
Kuwait Insurance board approves launch of Egypt insurance life unit
Kuwait Insurance Company said on Sunday its board approved plans to launch a life insurance unit in Egypt.
Australia’s state Westpac considers sale of life insurance unit: sources
Westpac Banking Corp, Australia’s second-largest bank, is considering selling its life insurance business, two…
Egyptian Life Takaful GIG, UAE’s FAB reach bancassurance deal
First Abu Dhabi Bank’s (FAB) Egyptian unit, one of the largest foreign banks in the country, and Egyptian Life…
Allianz reaches group life insurance deal with Egypt’s United Bank
Allianz Egypt, part of German insurer Allianz, signed on Thursday a group life insurance deal with Egypt’s…
Allianz Egypt life premium portfolio at $111.8 mln in FY18
German insurer Allianz earned premium revenue worth 2 billion Egyptian pounds ($111.8 million) from its Egyptian…
METLICO, Qatari Diar sign life insurance cover deal for Egypt flagship
Egypt’s Misr Emirates Takaful Life Insurance (METLICO) has signed Tuesday an insurance cover agreement with Qatari…
AXA Life Egypt wins a major investment bank’s insurance policy tender
AXA Life Insurance Egypt, part of French AXA Insurance Group, has won an insurance policy tender launched by one of…
Misr Life Insurance launches critical illness cover product
Egypt’s Misr Life Insurance Company announced Thursday that it has launched a new product to provide critical…
FAIR heralds its life insurance forum in Cairo today
The Federation of Afro-Asian Insurers and Reinsurers (FAIR)’s Life Insurance Forum has started in Cairo Monday.…
Afro-Asian Federation to hold life insurance forum in Egypt next April
The Egyptian Insurance Federation and the Federation of Afro-Asian Insurers and Reinsurers (FAIR) are organising a…
Egypt’s Watchdog Approves Mohandes Life Insurance’s Launch
Egypt’s market regulator approved Mohandes Insurance Company’s request to launch its new subsidiary for Life…
Egypt’s Mohandes Braces for Life Insurance Arm Launch Next Week
Egypt's Mohandes Insurance Company is seeking to obtain regulatory approval within next week in order to launch its…
Egyptian Police Officers To Be Granted Life Insurance
The Egyptian Financial Supervisory Authority (EFSA) approved on Tuesday, for the first time ever, the issuing of…
Press Syndicate Head Says Egyptian Journalists Need Life Insurance
The head of Egypt's press syndicate Diaa Rashwan gathered on Wednesday with 45 chief editors to discuss life…
Delta Insurance To Demerge Life, Property Businesses
Delta Insurance’s board of directors agreed on Tuesday to demerge the company’s life insurance and property…
Delta Life Insurance Company’s 9-Month Premiums Hit EGP 104.1 Mln
Delta Life Insurance Company achieved premiums of EGP 104.1 million in the first nine months of FY 2012/2013. The…
Misr Life Insurance 9-Month Direct Premiums Hit EGP 1.307 Bln
Misr Life Insurance Company achieved direct premiums of EGP 1.307 billion during the first nine months of FY…
Insurance Companies Achieved EGP 11.02 Bln Premiums In FY 2011/12
Insurance companies in Egypt achieved premiums of EGP 11.022 billion in FY 2011/2012, compared to EGP 10.135…
MetLife Announces Fourth Quarter & Full Year 2012 Results
MetLife, Inc. (NYSE: MET) reported the following results for the fourth quarter and full year 2012:Fourth Quarter…
Life Insurance Premiums Growth Expected To Rebound In Emerging Asia In 2013: Swiss Re
According to the Swiss Re study "Global re/insurance review 2012 and outlook 2013/14", life insurance…
MetLife Alico Eyes US$5.9 Bln Operating Profit In 2013
MetLife Alico targets to achieve operating profit of US$ 5.9 billion in 2013. The company is expected to post…
Al Mohandes Insurance To Split Life, Non-life Operations
The Egyptian Financial Supervisory Authority (EFSA) has approved the cancellation of Al Mohandes Insurance…
Three Non-Life Insurance Policies Approved In September: EFSA
Three non-life insurance policies were approved in September, while seven non-life insurance policies were approved…
EFSA Approved 7 Non-Life Insurance Policies In August
The Egyptian Financial Supervisory Authority (EFSA) approved seven non-life insurance policies in August, compared…
MetLife Alico Egypt Posted EGP 326 Mln Premiums
MetLife Alico Egypt achieved direct premiums of EGP 326 million at the end of last June, up from EGP 268 million.…
Misr Life Insurance Achieved EGP 1.6 Bln Premiums In FY 2011/12
Misr Life Insurance Company achieved premiums written of about EGP 1.634 billion in FY 2011/2012, compared to EGP…
Commercial International Life Insurance Posted EGP 500 Mln Premiums
The Commercial International Life Insurance Company (CIL) posted premiums of more than EGP 500 million in FY…
Car Insurance Sector Accounts For 83.3% Of Complaints In July: EFSA
The Egyptian Financial Supervisory Authority (EFSA) received 48 complaints against insurance companies and…
Chartis Insures MEDCO’s Staff With EGP 200 Mln
Chartis Egypt Insurance Co. has signed a contract insuring the employees of MEDCO Company against personal…
Egyptian Takaful Life Insures EBI’s Employees
The Egyptian Takaful Co. – Life signed an insurance contract to insure the employees of the Egyptian Banking…
Egyptian Takaful Life Insures Smart Village Employees With EGP 4 Mln
The Egyptian Takaful Co. – Life signed a one-year contract to insure the employees of the Smart Village. The…
Life Insurance Helps Italy’s Generali Beat Forecasts
Generali's net profit beat expectations on the back of a strong performance by its key life insurance division even…
Insurance Premiums Post EGP 369.4 Mln In April: EFSA
The Egyptian Financial Supervisory Authority (EFSA) revealed the results of insurance companies in April as they…
Egyptian Takaful – Life Posts 280% Growth Rate In FY 2011/12
Indications showed that Egyptian Takaful - Life achieved growth rate of about 280% in FY 2011/2012 ended on June…
Delta Insurance Eyes 10% Growth In Investments In FY 2012/13
Delta Insurance Co. targets achieving 10% growth in the volume of investments in FY 2012/2013. Achieving such…
Experts Set Plans For Life Takaful Insurance Market In Egypt
Insurance experts have different opinions about the local market’s need for more life takaful insurance companies.…