Bancassurance: Misr Life Insurance to reinforce its distribution network

Misr Life Insurance, the life subsidiary of Misr Insurance Holding Company (MIHD), is aiming at strengthening its distribution network through bancassurance. To do so, the company is entering into discussions with six banks to market its products through their agencies. The banks in question are:

National Bank of Egypt, MID Bank, Nasser Social Bank, Housing and Development Bank, EG Bank and Société Arabe Internationale de Banque (SAIB).

In October 2021, the company signed an agreement with Agricultural Bank of Egypt (ABE) to distribute its insurance products through 100 branches of the bank.