Tokio Marine General Takaful (TMGT) targets an annual growth of its direct premium instalments, ranging from 10% to 15%.
Atsushi Yamakage, managing director of the company, said that TMGT plans to have a strong presence in the Egyptian market during (...)
Misr Insurance Company has signed a contract with the Supreme Council of Antiquities and the company organising the tours of King Tutankhamun's belongings in many countries of the world to provide insurance coverage of $900m to the artefacts, an (...)
Egypt is a huge country with nearly a population of 100 million; however, its insurance market cannot be considered mature enough, even though it has witnessed some changes in recent years. According to the Financial Regulatory Authority's (FRA) (...)
Minister of Trade and Industry Amr Nassar, while visiting the Automech Formula, said that the car industry in Egypt represents one of the most important strategic sectors in the national economy, especially as it is a locomotive for the development (...)
The US-based Lockton Companies Inc, an insurance brokerage firm, announced it has officially began its operations in the Egyptian market.
The company's decision to expand in the Middle East aims to benefit from the economic development Egypt is (...)
Germany insurance company Munich Re aims to raise the capital of MedNet Egypt to EGP 40-45m.
MedNet Managing Director Ahmed Noah said that the company is working as Munich Re's arm in managing medical portfolios for companies and corporations, along (...)
Motor Care Egypt, the company specialised in inspection and damage reporting on car accidents, aims to expand in neighbouring Arab countries this year, through signing partnerships with a number of insurance companies.
The company's general manager, (...)
The direct premiums for insurance companies exceeded EGP 17bn at the end of the last fiscal year, ending June 2016, registering a growth rate of 12%. The insurance surplus recorded a growth of 11.6% reaching EGP 2.3bn.
Head of the Egyptian Financial (...)
Orient Takaful Insurance Company, affiliated with Al-Futtaim Group, contracted with Al Sheraa for Insurance Brokerage to provide Bavarian Auto Group's customers with a supplemental insurance policy. Bavarian Auto is the agent of BMW and MINI in (...)
Leaders within the takaful insurance industry, a Sharia-compliant for of insurance services, have predicted continued high rates of growth within the sector ranging between 15% to 20% over the next several years. This has enabled the sector to (...)