Under the partnership, Estafsar will offer its technology to help insurance firms to add new retail and business clients. Credit: Jirsak/shutterstock.com.

Egypt-based insurtech company Estafsar has forged an alliance with insurance company Al Wataniya to drive the advancement of the sector in the country.

Under the partnerships, both firms will work together to boost the levels of insurance penetration in Egypt and improve Al Wataniya’s efficiencies and operations, reported ZAWYA.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The collaboration reflects Estafsar’s capability in Egypt’s insurtech space, thereby enhancing the company’s relationships with its various stakeholders, including insurance providers, brokers and beneficiaries.

It will also help Al Wataniya, which plans to expand its customer base and form partnerships with potential clients to provide its insurance business with additional benefits.

Al Wataniya will further be able to develop its products and services, through the new alliance.

In addition, the alliance enables Estafsar to achieve its target of boosting insurance penetration levels in Egypt above its present level of less than 1% reach.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In order to achieve this, Estafsar intends to offer its technology to help insurance companies to add new retail and business customers.

The partnership will further see the acceptance of Al Wataniya Insurance’s offerings by a wider customer base through the use of Estafsar’s digital distribution tools.

Estafsar CEO Amr Darwish said: “This partnership is a testament to our expertise in the Insurtech sector and our ability to provide innovative solutions to enhance the insurance industry.

“We are confident that this partnership will positively impact Estafsar and Al Wataniya as we work together to revolutionise the insurance industry in Egypt.”