Estafsar partners with Al Wataniya to increase insurance penetration levels in Egypt

CAIRO - 4 July 2023: Al Wataniya and Estafsar partnered with to strengthen Egypt’s insurance sector and increase insurance penetration levels in Egypt and enhance for Al Wataniya’s efficiencies and operations.

The partnership aims to benefit Al Wataniya as the company seeks to enlarge its customer base, enable Al Wataniya Insurance's products to reach a wider audience by leveraging Estafsar's digital distribution tools and cooperate with prospective clients to maximize its insurance branches' benefits.

The partnership highlights Estafsar's efforts to strengthen the Insurtech sector in Egypt and offer services to insurance companies to brokers and beneficiaries.

"This partnership signifies a strong commitment to the growth and development of the Egyptian insurance sector, reinforcing its stability and reliability. We believe that by working hand in hand, we can further elevate industry standards, foster healthy competition, and contribute to the overall financial security and well-being of individuals and businesses across the nation," said Amr Darwish, CEO of Estafsar, said.

Estafsar's aims to increase insurance penetration levels in Egypt above its current level of below 1% by enabling insurance companies to reach new retail and business consumers using Estafsar’s technology offerings.