Monetary providers supplier Tanmeyah has entered a strategic partnership with Gulf Insurance coverage Group Egypt (GIG-Egypt) to supply micro-insurance options, reported Zawya.
This alliance will improve Tanmeyah’s dedication to monetary empowerment and inclusion.
Tanmeyah acquired the mandatory regulatory approvals from Egypt’s FRA to allow the launch of a various array of micro-insurance merchandise which might be mentioned to be reasonably priced.
The brand new insurance coverage choices supplied underneath the collaboration embody private accidents, companies, well being, livestock and roadside help, amongst others.
The initiative is aligned with Tanmeyah’s mission to increase monetary providers to underserved segments of the inhabitants.
Tanmeyah is an EFG Holding subsidiary.
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EFG Holding reported consolidated web earnings of E£2.09bn ($675m) within the first 9 months of 2023, up from E£1.28bn a yr in the past, inclusive of minority curiosity.
Tanmeyah CEO and managing director Jinu Johnson was quoted by Zawya as saying: “Our aim is to create a security web for our valued clients, enabling them to handle dangers successfully and defend what issues most.
“This partnership is a testomony to our dedication to creating a significant distinction within the lives of these we serve.”
GIG managing director Alaa El-Zoheiry mentioned: “This strategic alliance is poised to ship a number of benefits, with elevated monetary inclusion on the forefront.
“By leveraging Tanmeyah’s in depth department community, we are going to work to bridge the hole in micro-insurance protection for communities at massive.”
