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S&P value total Islamic banking assets in Egypt at around $11.6bn
Mahalla company losses range between EGP 15m to EGP 20m, Mahalla commissioner says
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
Recent spikes in violence may cause such companies to refuse coverage all together to those companies and institutions exposed to high levels of risk.
Fears of violence have increased demand for political violence policies issued by insurance companies
Insurance Federation of Egypt: Local insurance companies suffer EGP 1bn in losses since revolution
Experts discuss how medical insurance companies can best position themselves for success in the coming years
Egyptian Initiative for Personal Rights calls for providing daily wage workers with better work conditions
One expert calls Egyptian Financial Supervisory Authority report ‘very optimistic’
A lack of public awareness of the industry and available financial infrastructure are the largest obstacles for takaful on the continent, say panel members.
Retakaful, a Sharia-compliant form of reinsurance, was also discussed
Demand equal pensions and health insurance
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 …