Three insurers are competing to win this year's pilgrimage travel insurance cover tender launched by the Egyptian Ministry of Interior, sources with knowledge told Amwal Al Ghad on Thursday.
The tender involves cover for hajj pilgrim delegation (...)
The 9th General Conference for International Federation of Takaful & Islamic Insurance Companies (IFTI) has issued on Thursday four recommendations to support and revive the insurance industry.
Takaful insurance and reinsurance firms should put into (...)
The 9th General Conference of International Federation of Takaful & Islamic Insurance Companies (IFTI) has kicked off in Cairo on Wednesday.
Under the auspices of the Insurance Federation of Egypt, the IFTI conference takes place on 12-13 October, (...)
The Federation of Afro-Asian Insurers and Reinsurers (FAIR)'s Life Insurance Forum has started in Cairo Monday.
Under the rubric "the changing landscape of life insurance", the forum is organsied by FAIR in cooperation with the Egyptian Insurance (...)
Insurance sector in the Middle East region has recorded$11 billion in sales through the issuance of e-insurance policies, said an expert from Jordan-based Eskadenia Software on Monday.
Shadi Saadeh said in his keynote speech at the Federation of (...)
Insurance companies should resort to different social networking sites for rapid expansion and better communication with customers for the great power these sites have, said Mostafa Medhat, an official in Egypt-based IT Fusion Software House.
Medhat (...)
The leading insurer in MENA region, Misr Insurance Company has won a policy bid to insure the assets, factories, and premises of one of Alexandria-based textile firms.
According to Essam Mansour – Misr Insurance's representative in Alexandria, the (...)
Egyptian pharmaceuticals market is worth around 35 billion Egyptian pounds (US$4.46 billion), Chairman of Pharmaceutical Industry Chamber Ahmed El Ezaby said Sunday. He added that the growth rate in the consumption of pharmaceuticals reaches 15 (...)
Health insurance premiums in Egypt have surged to 934 million Egyptian pounds (US$119 million) by the end of June 2014, said country's Insurance Federation chief.
During financial year 2009-2010, health insurance premiums stood at 415 million (...)
Egyptian Takaful Property and Liability Insurance (EGTAK) has won an insurance policy bid launched by the country's investment authority, its deputy managing director Ahmed Morsy announced Wednesday.
Morsi further told Amwal Al Ghad that the policy (...)
The total investments of Egypt's Misr Insurance Holding Company reached around 36 billion Egyptian pounds (US$4.6 billion) at the end of fiscal year 2014-15, Chairman Mohamed Youssef stated Thursday.
Youssef also stated that Misr Insurance intends (...)
The total assets of private insurance funds rose by 10 percent to hit 48.2 billion Egyptian pounds (US$6.1 billion) during fiscal year 2014-15 versus 43.8 billion pounds a year earlier.
Sherif Samy - chairman of the Egyptian Financial Supervisory (...)
The 24th Conference of the Federation of Afro-Asian Insurers and Reinsurers (FAIR) has kicked off Monday in Cairo.
The event is being held on October12-14, 2015, entitled "Building on 50 Years of Regional Cooperation".
Abdel Raouf Kotb – Chairman of (...)
In Egypt, the insurance sector contributes one billion Egyptian pounds (US$131 million) out of 90 billion worth of the health and medical treatment, Medmark's managing director Walid Auf said Tuesday.
Medmark is a market pioneer in the management (...)
The First Regional Insurance Brokerage Congress (RIBC) has launched today in Cairo.
The congress is hosted and organised by the Egyptian Insurance Brokers Association (EIBA), under the auspices of Egypt's market regulator, the Egyptian Financial (...)
Egypt has hosted today the first forum on risk management, under the theme of "The Role of Insurance Experts in the Enterprise Risk Management."
Leading economic magazine Amwal Al Ghad is the media sponsor for the event.
The Insurance Federation of (...)
The Insurance Federation of Egypt (IFE) announced Tuesday that Mohamed Ghazy has been appointed as Egypt's representative at the General Arab Insurance Federation (GAIF) for four-year term.
Ghazy succeeds Alaa El-Zohairy who decided Sunday to step (...)
Wethaq Takaful Insurance – Egypt plans to establish two real estate funds aimed to pump investments expected to reach 500 million Egyptian pounds (US$65.5 million) within 2016, chairman announced.
According to Wethaq's chairman Antar Gad, the two (...)
Egypt is hosting today the 6th Annual Private Insurance Funds Conference, under the auspices of Investment Minister Ashraf Salman.
The event, entitled "the New Approaches in Managing the Private Insurance Funds", will encompass four successive (...)
Net investments in the private insurance fund for Egypt-based Arab Contractors' employees reached EGP 2.2 billion by end of September 2014, an official from the company said on Monday.
Ali Al-Rebat – Managing Director of Arab Contractors Employees' (...)
Suez Canal Insurance Company is planning to launch a new equity mutual fund in the coming period, said managing director Mohamed Abdallah. The anticipated mutual fund will be with an initial capital amounting to 50 million Egyptian pounds (US$7 (...)