African Insurance Awards 2026

Category

2026 Insurance Company of the Year

Nominee

Misr Insurance Company
Egypt

Reason for nomination

Misr Insurance uses a new strategy called "Client-Centric Financial Inclusion" to launch a range of innovative insurance products that protect emerging segments and informal labor with affordable premiums and simplified procedures:

"Aman Misr" Policy (Protecting Small Businesses): An innovative initiative targeting small shop owners and micro-entrepreneurs. It provides comprehensive coverage for fire damage (property and stock), personal accidents, and emergency medical expenses. This policy is designed to safeguard the livelihoods of small business owners against unforeseen risks at a nominal cost.

"Ommal Misr" Policy (Protecting Informal Labor): Specifically designed for construction workers and freelance craftsmen (informal labor). It offers dual coverage including medical emergencies and personal accidents during work, ensuring a safety net against occupational hazards that could threaten their financial stability.

"Eisha Hania" Policy (Home Security): Targeting the protection of residential units and their contents, with a focus on social housing projects and national initiatives. This policy provides affordable home insurance for low-to-middle-income families, ensuring housing stability and fulfilling the principle of "Insurance for All."

These initiatives reflect the company’s ability to design "tailor-made" products that meet the specific needs of the Egyptian market. By simplifying issuance and claim processes, Misr Insurance enhances public trust in the insurance sector, directly contributing to the goals of Egypt Vision 2030. In addition to these social initiatives, the company has revolutionized the customer experience by launching a new digital feature on its mobile application, allowing customers to instantly issue insurance policies for brand-new cars (zero km). This seamless digital integration reduces physical paperwork and provides 24/7 accessibility.