Chartis Egypt Insurance Company targets to achieve premiums of EGP 280 million in 2013, said Mohamed Zahran, head of liability insurance and institutions' affairs department of the Company. The Company also aims at increasing premiums by 10% to (...)
Delta Insurance Company issued insurance policies worth EGP 1.5 million in the last period, said Ibrahim Labib, Head of Car Insurance Sector at the Company.
The Company issued insurance policies for Alex Mining Company, Osman Group, Sekem Group, (...)
Many difficulties face insurers nowadays in collecting premiums due to the bad economic situation which made many customers refrain from seeking insurance coverage or demand reducing the value of insurance premiums. Insurance experts revealed the (...)
The Egyptian Financial Supervisory Authority (EFSA) revealed the results of insurance companies in June as they posted EGP 169 million as premiums and paid compensations posted EGP 521.4 million.
18,200 life insurance policies worth EGP 34.7 million (...)
The Chairman of the Egyptian Financial Supervisory Authority (EFSA), Ashraf El-Sharkawy met with the chairmen of insurance companies last Tuesday discussing many important issues such as the possible methods of boosting the Takaful insurance (...)
The Arab Misr Insurance Group (AMIG) posted premiums of EGP 302 million in FY 2011/2012, up 11% from a year earlier.
The paid compensations surged to EGP 112 million in the last fiscal year, registering an increase of 16%, said Alaa El-Zoheiry, (...)
Chartis Egypt Insurance Co. has signed a contract insuring the employees of MEDCO Company against personal accidents, said Mahmoud Hussein head of personal accident insurance department.
The insurance policy covers 1000 employees with value of EGP (...)
Al Mohandes Insurance Company's premiums reached EGP 208.2 million in FY 2011/2012, compared to EGP 204.8 million in FY 2010/2011, with an increase of EGP 3.4 million (1.7%).
The life insurance premiums reached EGP 60.7 million in the last fiscal (...)
Alia Helmy, the former general manager of ACE Insurance, will hold the CEO position at Delta Insurance Company next October.
Helmy said she will make the Delta Company achieve high growth rate in the upcoming period after studying the Company's (...)
The Lebanese Delta Insurance Holding Company will appoint Bashar Sawas, the General Manager of Allianz Insurance Company – Egypt, as the Managing Director of Solidarity Family Takaful which it recently acquired, an official source told Amwal Al (...)
The Egyptian Takaful Company (Non-Life) targets to increase its market share in the insurance market to 4% in its financial results for FY 2011/2012, as its market share reached 3.1% in FY 2010/2011, said Ahmed Arfin, Managing Director of the (...)
The Tokio Marine Saudi Arabia has acquired about 50% of Egypt Kuwait Holding Company's stake in Nile Takaful Company. Therefore, Tokio Marine acquired a controlling stake by acquiring 90% stake and Egypt Kuwait Holding Company acquired a 10% stake (...)
The Civil Aviation Finance Holding Company will sell its stake in Iskan Insurance Company amounting to 5.9% to the Principal Bank for Development and Agricultural Credit (PBDAC), an official source told Amwal Al Ghad. After the sale, the bank will (...)
The Executive Council of the Insurance Federation of Egypt (IFE) will hold a meeting next Sunday to study a number of issues. Sources told Amwal Al Ghad that the Executive Council will discuss in its meeting extending insurance coverage for museums (...)
The Egyptian Takaful Company (Non-Life) signed an insurance contract to insure Amer Group's Porto Marina Hotel with insurance value of EGP 100 million.
Ahmed Arfin, Managing Director of the Company, said the insurance policy covers the Hotel against (...)
The Delta Insurance Company refused the appointment of neither Alia Helmy, the general manager of ACE Insurance, nor Mohamed Dashish, former chairman of Nile Family Insurance Company, as managing director of the Company, following the late Yassin (...)
Arab Misr Insurance Group (AMIG) targets to achieve investments of EGP 370 million in FY 2012/2013, up from EGP 340 million in FY 2011/2012, with an increase of 8.8%, said Mohamed Nageh Nour, deputy general manager of investment and banks sector at (...)
Insurance companies in Egypt are competing over winning the tender to provide the insurance coverage for the Heliopolis Association's holdings and assets.
The Heliopolis Association seeks insurance coverage over its assets including Future Library, (...)
Adel Mounir, deputy chairman of the Egyptian Financial Supervisory Authority (EFSA), said there are talks with health care companies and medical services providers including hospitals, clinics and pharmacies in order to cooperate to provide (...)
The technical committees of the Insurance Federation of Egypt (IFE) will resume their work in the upcoming period after being stopped in Ramadan month.
Ahmed Morsi, head of engineering insurance committee, said the nuclear insurance policy will be (...)
The Egyptian Financial Supervisory Authority (EFSA) released its quarterly report that revealed that there are about 176 complaints were submitted to the regulator against insurance companies and government insurance funds by the end of last March. (...)
The Lebanese Delta Insurance Holding Company signed the final agreement with Solidarity Family Takaful to acquire Solidarity's arm in Egypt last Wednesday after Allianz Insurance Egypt was out of the tender. The Lebanese company currently awaits the (...)
Insurance companies are expected to go into a strong competition to insure Al Sheikh Zayed Development Authority. The bid's envelops will be opened next Thursday.
A reliable source revealed that a large number of insurance companies will compete for (...)
Al Mohandes Insurance Company approved the budget for FY 2011/2012 ended on June 30th 2012. The insurance activity surplus retreated by 9.3%, registering EGP 23 million in the last fiscal year, compared to EGP 25.5 million in FY 2010/2011. The (...)
The Arab Orient Takaful Insurance Company (AOTIC) renewed the insurance policy covering the Union National Bank (UNB) for a year with insurance value of EGP 300 million, said Wael Abdel Mohsen, deputy CEO of the Company.
The insurance policy covers (...)