Egypt's Prime Minister Dr Mostafa Madbouly has issued a decision directing that part of the money in the Policyholders Protection Fund (PPF) be used for training and educational programmes for the Egyptian insurance market.
The operating performance of Egyptian Takaful Property & Liability Insurance Company (EGTAK is assessed as adequate, says AM Best.
The Insurance Federation of Egypt (IFE) says that interest in financial inclusion has become a matter of great importance to governmental organisations and financial institutions such as insurance companies and banks.
The number of shops in Egypt which have caught fire has increased recently, causing huge financial losses to the shopowners.
The Unified Insurance Law, enacted earlier this month, allows the Financial Regulatory Authority (FRA) to license actuarial companies.
The mandatory divorce policy set out in the recently-enacted Unified Insurance Law will apply to those about to get married, according to lawmaker Ihab Ramzy, a member of the Legislative Committee of the House of Representatives.
The Financial Regulatory Authority (FRA) has decided to continue to work with existing regulations until the issuance of implementing rules and decisions backing the new Unified Insurance Law that was enacted earlier this month.
Giza-based health maintenance organisation (HMO), Unicare, intends to transform itself into a specialised medical insurance company.
Egyptian President Abdel-Fattah el-Sissi has ratified the Unified Insurance Law which has also been published in the Official Gazette that was issued on 10 July 2024.
Wafa Life Insurance Egypt, a subsidiary of Wafa Assurance that is one of Morocco's biggest insurers, has launched coverage for corporate clients to expand its operations.