Insurance News
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Nigeria’s Curacel raises funding to power insurance offerings and expand into North Africa
It is used by over 100 companies, and e-commerce platforms across eight African markets: Nigeria, Ghana, Kenya, Morocco and Egypt.
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AXA Egypt concludes fiscal 2021/2022 results with effective operational outcomes
This affirms AXA’s robust strategy during its 7 years in the Egyptian market, providing all insurance products to its customers.
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Egypt's economy is good despite all global challenges
The Minister stressed that the Egyptian economy is diversified, and the business climate is attractive to increase domestic and foreign investments.
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Egypt considering listing Universal Healthcare Insurance in exchange
This is to diversify its investment portfolio and increase the yields of invested funds, Minister of Finance and UHIS Chairman Mohamed Maait said.
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AXA Egypt signs 5-year bancassurance agreement with AAIB
The deal is in line with AAIB’s keenness to offer excellent non-banking, value-added services, and quality products to meet the customers’ needs.
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Egypt fertile ground for investments due to unprecedented progress
Qatar’s ambassador in Cairo said that his country considers Egypt a fertile ground for investment in light of the unprecedented progress.
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Egypt’s insurance sector posts 25% growth in net profit
The local insurance sectors’ net profit was up to 6 billion Egyptian pounds ($382 million) in 2020 despite the COVID-19 pandemic.
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Delta Insurance's premiums rise 33% in Egypt
SAE's insurance premiums increased nearly 33% year-over-year to more than $38 million in the nine months ended March 31.
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Insights of Life Insurance in Global Industry : Development and Forecast 2017-2020
ResearchMoz presents professional and in-depth study of "Life Insurance Global Industry Guide 2016".
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High economic growth rates in Egypt benefit insurance market
Moody’s MENA analyst states that Egypt is the second largest insurance market in the MENA region.
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Egypt is second biggest insurance market in North Africa
Global rating agency Moody's said Egypt comes second place after Morocco, the biggest insurance market in North Africa.
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Egypt’s insurance market prospects are encouraging
Economic hurdles such as poverty and shortage of skilled workers will slow sector's growth.
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Legal & General exits Egypt unit after 17 years
The company is selling its Egyptian business to its rival Axa for around $97.5m.The deal closes by the end of this year.
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Total insurance instalments paid stands at EGP 5.7bn by April 2015
Total value of compensations paid in properties insurance has reached EGP 1.3bn, compared to EGP 1.06bn during the same period in 2014.
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MIHC controls 60% of insurance market shares : Deputy Chairman
Three companies emerged from MIHC, and are 100% owned by it: Misr Insurance (properties); Misr Life Insurance; and Misr Real Estate Assets.