Gulf Insurance Group to open microinsurance company in Egypt

Gulf Insurance Group (GIG) is preparing to establish a microinsurance company through its subsidiary, GIG Egypt.

The Financial Regulatory Authority (FRA) is currently reviewing the licensing application submitted by the new entity, to be named Ahalina Microinsurance Company.

In addition to GIG Egypt, Ahalina’s shareholder base will include a local microfinance company as well as several other investors.

This move comes amid continued expansion of the microinsurance sector in the Egyptian market.

By way of reminder, in December 2025, the FRA approved the establishment of Sawa Microinsurance Company by AXA Egypt and Post For Investment, marking the launch of the country’s first dedicated microinsurance provider.