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AXA Egypt Insurance

Sector: Road • Location: Egypt, Arab Republic of

Source: International Finance Corporation (IFC)

Project
Active

The project consists of an IFC investment for an equity stake of 10 percent in AXA Egypt Investments SAE (“AXA Egypt” or the “Company”). AXA Egypt is the holding company of two wholly owned Egyptian licensed joint stock insurance companies, specialized in, respectively, Life & Savings and Property & Casualty. It is expected the Company will also acquire a service company in due course. The Company

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Project Information

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The project “AXA Egypt Insurance” is an infrastructure initiative in the Road sector, located in Egypt, Arab Republic of. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

active

Taiyo status

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Taiyo last update

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Available timestamps

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Contact

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Email

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Description

Description

The project consists of an IFC investment for an equity stake of 10 percent in AXA Egypt Investments SAE (“AXA Egypt” or the “Company”). AXA Egypt is the holding company of two wholly owned Egyptian licensed joint stock insurance companies, specialized in, respectively, Life & Savings and Property & Casualty. It is expected the Company will also acquire a service company in due course. The Company plans to offer life, health and non-life insurance covers to individuals, SMEs and corporate clients. Through AXA Egypt, AXA intends to leverage the strength of its global presence and play a significant role in the fledgling private health sector in Egypt through health insurance and integrated health services. Life insurance products shall be provided through AXA Life Egypt, the former CIL life insurance company in Egypt acquired by AXA in 2015, while non-life insurance products will be provided through AXA General Insurance Egypt (formed in 2015).

Original sub-sector

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

Project Type

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Article Published Date

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