Arab Finance: Al-Barid Investment Company and AXA Misr Insurance Company signed a strategic partnership agreement to launch the first micro-insurance company in Egypt under the umbrella of the new unified insurance law, according to Statement by the Ministry of Communications.
Under the agreement, the company to be launched will aim to provide insurance coverage to more than 12 million low-income Egyptians, with micro-insurance services to be added to the package of financial services provided through Egyptian postal outlets.
These services will also be available through the microfinance company and a number of digital platforms.
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