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InsurTech Egypt promotes insurance technology, launches its first hackathon “InsurHack”

Germany’s development agency GIZ, on behalf the German government, announced the launch of “InsurTech Egypt” platform initiating “InsurHack”, the first insurance technology hackathon – a design sprint-like event – in Egypt, which tackles challenges that face the insurance industry. According to the Financial Regulatory Authority, the insurance industry is estimated to represent almost 0.91% of …

Daily News Egypt

Sarwa Capital obtains licences to commence insurance business

Sarwa Capital Holding for financial investments, announced on Monday the receipt of the requisite licences from the Financial Regulatory Authority (FRA) in order to commence offering life and general insurance products. Accordingly, two new companies will be commenced, Sarwa Insurance Company, which will provide property and liability insurance, and Sarwa Life Insurance Company, which will …

Daily News Egypt

New regulatory reforms to support Egypt’s insurance sector: OBG

The series of reforms adopted by the Egyptian authorities to expand insurance penetration, with the expectation that regulatory measures, coupled with the rollout of universal health coverage, will lead to a doubling of premiums within the next five years, according to Oxford Business Group (OBG)’s Egypt economic update issued on Monday. According to the report, …

Daily News Egypt