Dr. Nasser Hussein
The News Web site and magazine editorial family held an extended meeting with Walid Sid Mustafa, the assigned member/executive head of the insurance company, at the headquarters of the company in Cairo.
The meeting was attended by Mustafa Sheikh, the businessman, the Chairman of the Jebel Avement Company, the Chairman of the News Planet Board of Directors, and Dr. Nasser Hussein, editor of News.
The highlight of the meeting.
- The Wind‐to‐win Cooperation Agreement includes exchange of experiences and support for insurance opportunities in the sector, as well as cooperation in advertising, marketing and press content.
– Exchange of experiences: The range and expertise of News will be shared among the insurance experiences.
Publicity and marketing: A range of insurance will provide specialized information content to support the information campaigns of the News planet, while the News planet will provide distinct information coverage of news and outreach activities.
Important statements:
Walid Seyed Mustafa said that this partnership represented a strategic step towards strengthening our role in the Egyptian and Arab market, particularly in the light of new legislative developments in the insurance industry.
– Mustafa Sheikh added that we are eager to cooperate with the extent of insurance, bringing together a common goal of promoting security awareness and enhancing transparency in the sector.
– Dr. Nasser Hussein stressed that such cooperation would contribute to providing distinguished journalistic content that serves readers and enhances the status of the News planet as a leading information platform.
Future:
Cooperation between the parties is expected to witness the launching of a series of new insurance programmes, as well as joint publicity campaigns aimed at increasing insurance awareness among the Egyptian and Arab public.
Reports and analyses of the insurance market will be shared to enhance the strategic vision of both companies.
It was agreed that this partnership would serve as a model for future cooperation between the insurance and information sectors in the region.
About a range company:
The range of tumors proved to be a fast-growing, well-developed, well-developed and successful company in the spent insurance market in a short period of time.
Type and foundation: MADA is an Egyptian contribution company, formally established on 9 March 2020.
License capital: EQ 1.5 billion, source and paid capital: Pound150 million.
Currently, it plans to increase the exported and paid capital of Pound1 billion in the near term.
MADA obtained a licence to engage in property and liability insurance activity from the General Financial Control Board on 25 June 2020.
Ownership
Structure of contributorsAbout 25% of Swedish Indstriz, 25% Arab investor and the rest (50%) of Swedish family members.
The company relies on the reinsurance of large international companies (e.g. Hannover Re) for risk distribution.
Administration and management
Member/Executive President: Walid Sid Mustafa.
Administrative and technical structure strengthened
The company has a strong growth strategy: it aims to grow premiums between 25% and 30% for fiscal year 2025.
Insurance products
Progress of a variety of insurance products, particularly:
Medical insurance: Extensive coverage including hospitals, operations, outpatient clinics, diagnosis, etc.
Indian insurance: Contractor risks include equipment, formulations, etc.
Accidents and responsibilitiesInsurance of personal accidents, civil liability, etc.
Fire: Fire insurance and additional hazards.
Marine insurance.
Car insurance: Comprehensive vehicle insurance coverage
Expansion and branches
Company headquarters – Lebanon field of engineers
A company office was opened in the fifth assembly area.
The company opened a branch in Nasser City Light.
Plans the opening of a third branch at the fifth assembly shortly, in accordance with the expansion plan.
Digital shift
Focus. «Over.»"on digital change, where it seeks to produce electronic documents and develop its internal systems.
Cooperate with technology companies to apply solutions like "know your client" and automate some operations.
Financial strategy:
Payable to 600 million to comply with Unified Tamil Act 155 of 2024
Amend the ratio of Swedish shareholders 25% for cement
25% national tumor - philosophical
50% Swedish.
Confidence and reinsurance
The company deals with globally classified insurance suppliers (e.g. Standard Poor and A.M. Best) to cover significant risks.
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