Arab Finance: Microenterprise Services Company – Refi announced the signing of a strategic partnership contract with GIG Insurance Company – Egypt, in a step that enhances its ability to provide microinsurance services.
Ahmed Labib, Managing Director and CEO of Refi, said: “At Refi, we consider ourselves pioneers in providing innovative financial services to microfinance projects in Egypt. Signing this partnership reinforces our strategy to expand the scope of our financial solutions to include microinsurance. This contributes to providing comprehensive protection for our clients and increasing the stability, growth and development of their projects.
Labib added: “Refi” always seeks to provide easy and comprehensive solutions that meet the needs of wide segments of society, and we are proud to continue our journey in enhancing financial and insurance inclusion within the framework of our vision aimed at supporting the Egyptian economy and developing the microenterprise community.
For his part, Alaa Al-Zuhairi, Managing Director of GIG Insurance – Egypt, said: “This partnership is an important step towards achieving our goals in providing micro-insurance services to new segments of customers. We are committed to enhancing financial and insurance inclusion in accordance with the regulations of the Authority.” Financial Control, and we look forward to benefiting from the wide network of “Reefi” branches to expand the scope of our insurance coverage.
Al-Zuhairi added: “This partnership is in line with the directives of the Financial Supervision Authority to develop the microinsurance sector, and we are committed to developing innovative business models that meet the needs of citizens who are not covered by insurance, while providing an integrated digital experience to facilitate the issuance of documents and the payment of compensation.”
For his part, Makin Lotfy, Head of the Business and Product Development Sector at GIG Insurance – Egypt, explained that the agreement comes within the framework of the company’s ongoing efforts to expand the scope of microinsurance services. Lotfy added: “We have made great progress in providing a variety of microinsurance services, including personal accident and medical insurance. We are committed to providing affordable and comprehensive insurance solutions to all segments of society.”
This partnership between Revi and GIG Insurance – Egypt is a new and encouraging beginning in the field of microinsurance in Egypt, and we look forward to achieving great successes that contribute to enhancing community stability and providing innovative financial solutions.
Related news
