Financial services provider Tanmeyah has entered a strategic partnership with Gulf Insurance Group Egypt (GIG-Egypt) to offer micro-insurance solutions, reported Zawya.

This alliance will enhance Tanmeyah’s commitment to financial empowerment and inclusion.

Tanmeyah received the necessary regulatory approvals from Egypt’s FRA to enable the launch of a diverse array of micro-insurance products that are said to be affordable.

The new insurance offerings provided under the collaboration encompass personal accidents, businesses, health, livestock and roadside assistance, among others.

The initiative is aligned with Tanmeyah’s mission to extend financial services to underserved segments of the population.

Tanmeyah is an EFG Holding subsidiary. 

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.

EFG Holding reported consolidated net profits of E£2.09bn ($675m) in the first nine months of 2023, up from E£1.28bn a year ago, inclusive of minority interest.

Tanmeyah CEO and managing director Jinu Johnson was quoted by Zawya as saying: “Our goal is to create a safety net for our valued customers, enabling them to manage risks effectively and protect what matters most.

“This partnership is a testament to our dedication to making a meaningful difference in the lives of those we serve.”

GIG managing director Alaa El-Zoheiry said: “This strategic alliance is poised to deliver multiple advantages, with increased financial inclusion at the forefront.

“By leveraging Tanmeyah’s extensive branch network, we will work to bridge the gap in micro-insurance coverage for communities at large.”