Egypt's state-owned Misr Insurance has won an insurance policy tender to cover the assets of a polythene and plastics factory in 10th of Ramadan City, said a senior official on Wednesday.
Egyptian International Insurance Brokerage Co. (IIBC) had (...)
Egypt's Misr Insurance Takaful has won an insurance policy tender to cover the assets of a paper packaging plant in Sadat City, 94km (58 miles) north of Cairo, according to senior official.
Egyptian International Insurance Brokerage Co. (IIBC) had (...)
Insurance companies operating in Egypt posted premiums worth 12.5 billion Egyptian pounds ($781.7 million) during the first four months this year, marking a 15.3 percent year-on-year growth.
Earlier, premiums registered 10.8 billion pounds during (...)
Compensation paid to clients by insurance companies operating in Egypt rose 12.8 percent year-on-year during the first four months of this year, announced the country's market regulator on Tuesday.
Compensation registered 6.09 billion Egyptian (...)
The Financial Regulatory Authority (FRA) has tapped UK-based consultancy and actuarial services firm Barnett-Waddingham to develop actuarial life tables based on Egyptian data for local insurance players according to the chairman of FRA, Mohamed (...)
Egyptian Mohandes Insurance generated surplus from insurance activity up to 130.4 million Egyptian pounds ($8.1 million) during the first nine months of the 2019/2020 financial year.
Earlier, the company's insurance activity surplus recorded 115.4 (...)
Egypt's state-owned Misr Insurance has offered its technical and financial offers to cover Aida IV ship, announced official sources on Saturday.
Egyptian Authority for Maritime Safety (EAMS) earlier launched an insurance policy tender to cover risks (...)
Egypt's General Cooperative Association for Agriculture Reform has launched a policy tender among non-life insurance companies to cover its assets, said official sources on Thursday.
With a total sum insured of 140 million Egyptian pounds ($8.7 (...)
Insurance companies operating in Egypt recorded a 54.2 percent growth in technical losses during the first quarter of the year from 51.8 percent last year, according to a report.
The insurers' first-quarter premiums surged 15.6 percent to 9.43 (...)
A new package of measures designed to push the economy through its demand slump aims to stimulate up to 100 billion Egyptian pounds of spending activity and boost demand of local products, Planning Minister Hala El Said announced.
Speaking at a (...)
The government will launch an new holding fund of up to 2 billion Egyptian pounds in loans in an effort to stimulate lending and support consumer spending amid a slump in demand caused by the covid-19 pandemic, Finance Minister Mohamed Maait (...)
Egypt's Misr Emirates Takaful Life Insurance (Metlico) has signed a contract with Egypt Trust to activate the electronic signature service for its transactions, according to sources.
Established in 2005, Egypt Trust (Egyptian Company for Digital (...)
Egypt's state-owned Iskan Insurance targets premium portfolio up to 325 million Egyptian pounds ($20.3 million) within the 2020/2021 financial year, said official sources in the firm on Saturday.
"Our strategy focuses on maximising the premium and (...)
Egyptian Cooperative Insurance Society (CIS) signed a loan insurance cover agreement worth 90 million Egyptian pounds ($5.6 million) with the Agricultural Bank of Egypt, CIS chairman said on Thursday.
Under the deal, CIS will cover financing for (...)
Egyptian Misr Emirates Takaful Life Insurance (Metlico) posted a 40 percent year-on-year growth in premiums to 149 million Egyptian pounds ($9.3 million) during the 2019/2020 financial year.
The company seeks to maximise its premiums within the (...)
Four Egyptian insurance companies are competing to win an insurance policy tender to cover assets and equipment of the state-run Port Said Container and Cargo Handling Co., according to sources.
The companies are the state-owned Misr Insurance, Arab (...)
Egyptian Takaful Insurance (Property) has won an insurance policy bid to cover the state-run South Cairo and Giza Mills and Bakeries' fixed and current assets, according to official sources.
With total sum insured of 300 million Egyptian pounds (...)
Three insurance companies operating in Egypt are competing to win an insurance policy tender to cover the Export Development Bank of Egypt's assets and facilities, according to sources.
The three insurers are the state-run Misr Insurance, Egyptian (...)
Egypt's Mohandes Insurance has paid total compensation worth 191.3 million Egyptian pounds ($11.8 million) during the first nine months of the financial year 2019/2020, according to sources.
Compensation earlier recorded 178.2 million pounds during (...)
Egypt's state-owned Misr Insurance has won an insurance policy tender to cover the assets and facilities of a refining using vegetable oils in Alexandria, the country's second largest city, according to a senior official.
Egyptian International (...)
Egyptian Mohandes Insurance reported on Monday a 5.8 percent year-on-year increase in its direct premiums during the first nine months of the 2019/2020, recording 398.16 million Egyptian pounds ($24.6 million).
Earlier, direct premiums stood at (...)
Egyptian Authority for Maritime Safety (EAMS) has launched an insurance policy tender to cover risks that may occur to Aida IV ship, announced sources on Sunday.
Aida IV was donated by Japan to the Egyptian government represented by Ministry of (...)
Egypt's Financial Regulatory Authority (FRA) has agreed with one of the specialised English companies to consult on establishing Egypt's first actuarial life table, according to Deputy Chairman, Reda Abdel Moaty.
FRA has signed a cooperation (...)
Orient Takaful Insurance – Egypt signed a deal with the state-run National Bank of Egypt to facilitate payment of loan installments from clients between 6-12 months.
This comes as part of Orient Takaful's directives to face the coronavirus outbreak, (...)
Egypt's state-owned Port Said Container and Cargo Handling Co. is negotiating with non-life insurance companies operating in the country to cover its assets, according to sources.
The one-year term insurance policy is with a total sum insured up to (...)
