Post For Investment, the investment arm of Egypt Post, and AXA Egypt have received approval from the Financial Regulatory Authority (FRA) to launch Egypt’s first microinsurance company.
Named Sawa Microinsurance Company, the new entity is set to begin operations in the second quarter of 2026.
The approval follows a strategic partnership formed in October 2024 between Post For Investment and AXA Egypt, aimed at providing insurance coverage to low-income households.
This development comes under the unified insurance law enacted in 2024, which, among other provisions, establishes a regulatory framework for microinsurance activities.