Latest in Tag: insurance Highlight
Latest in Tag: insurance
Banque du Caire launches product to combine advantages of insurance, savings
Clients will also be able to borrow money, and issue credit cards that have a maximum of 80% of the total account balance with facilitated terms.
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
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.
EFSA establishes first insurance awareness association: Chairman
Total investments of insurance companies and Egyptian insurance funds amount to over EGP 90bn, says EFSA Chairman
38% increase in sales in 2014: Tokio Marine Family Takaful MD
The main obstacle facing the insurance market is for people to be truly convinced to engage in insurance services, says Masaya Inagaki
Banks seek to support car manufactures
Banks face little demand for car loans, sayd Director of Barclays for retail and branches sector
Insurance sector assets currently valued at EGP 55bn: EFSA
The insurance sector contributed EGP 48.5bn to the national economy during the current year
Informal sector volume records around EGP 1.5tn: ECES
Government lost EGP 300bn in potential taxes, according to study
3rd year tourism losses will raise insurance premiums 15%: Former Hotels Chamber head
Losses in the tourism sector for the third year in a row are causing companies to raise insurance premiums on hotels and tourist facilities by 15% due to new risks
MIGA insures future packaging plant in Egypt
The Multilateral Investment Guarantee Agency (MIGA) announced collaboration with Turkey’s Elif Global on new packaging plant
New health minister prioritises emergency and ambulance issues
Prime Minister expresses interest in doctors’ strike
Pensioners’ Solidarity Syndicate criticises their exclusion from pension discussions
Egyptian Trade Union Federation has not recently met with the syndicate to discuss their demands, says syndicate member
France’s insurance giant to take major stake in UAE’s Green Crescent Insurance
Reuters – French insurance giant AXA Group and its partner in the United Arab Emirates, Kanoo Group, plan to become major shareholders in the UAE’s Green Crescent Insurance Co (GCIC), GCIC said on Sunday. The firm has called a shareholder meeting on 26 March “to consider resolutions to expand the capital base of GCIC and …
Islamic banking headway in North African banks still slow: Standard and Poor’s
S&P value total Islamic banking assets in Egypt at around $11.6bn
Spinning and weaving workers at Kafr Al-Dawar strike in solidarity with Mahalla workers
Mahalla company losses range between EGP 15m to EGP 20m, Mahalla commissioner says
Insurance industry, big winner in Egypt’s unrest
Negotiations on investments are underway for insurance sector to fund national projects
The company is considering entering the lending market and financial intermediation
The restructuring of MIHC set up two companies: Misr Property Insurance and Misr Life
Rising instability pushes reinsurance companies to raise the price of their political violence policies
Recent spikes in violence may cause such companies to refuse coverage all together to those companies and institutions exposed to high levels of risk.
“Political Violence” insurance policy demand increases ahead of June 30
Fears of violence have increased demand for political violence policies issued by insurance companies
Egypt’s evolving insurance market
Insurance Federation of Egypt: Local insurance companies suffer EGP 1bn in losses since revolution
Medical insurance sector debated
Experts discuss how medical insurance companies can best position themselves for success in the coming years
EIPR puts forward daily wage workers’ demands
Egyptian Initiative for Personal Rights calls for providing daily wage workers with better work conditions
Insurance market books high growth rates despite diminished economic activity: EFSA
One expert calls Egyptian Financial Supervisory Authority report ‘very optimistic’
Takaful summit: Africa has huge potential, but also challenges
A lack of public awareness of the industry and available financial infrastructure are the largest obstacles for takaful on the continent, say panel members.
Takaful summit promotes microtakaful in Egypt
Retakaful, a Sharia-compliant form of reinsurance, was also discussed
Retired military personnel protest unfair treatment
Demand equal pensions and health insurance
EFSA restructuring complete
The Egyptian Financial Supervisory Authority (EFSA) has finalised the procedures of bringing the Mortgage Finance Authority, the Egyptian Stocks Exchange (ESE) and the Private Insurance Funds under one supervisory body, state-owned news agency MENA has reported. As a result of the merger, all non-banking financial operations including mortgage financial affairs, leasing, factoring, securitisation, insurance activities …