Close Menu
Innovation Village | Technology, Product Reviews, Business
    Facebook X (Twitter) Instagram
    Monday, June 16
    • About us
      • Authors
    • Contact us
    • Privacy policy
    • Terms of use
    • Advertise
    • Newsletter
    • Post a Job
    • Partners
    Facebook X (Twitter) LinkedIn YouTube WhatsApp
    Innovation Village | Technology, Product Reviews, Business
    • Home
    • Innovation
      • Products
      • Technology
      • Internet of Things
    • Business
      • Agritech
      • Fintech
      • Healthtech
      • Investments
        • Cryptocurrency
      • People
      • Startups
      • Women In Tech
    • Media
      • Entertainment
      • Gaming
    • Reviews
      • Gadgets
      • Apps
      • How To
    • Giveaways
    • Jobs
    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Africa»Egyptian insurtech startup, Mal Bazaar, secures brokerage license to enhance insurance platform

    Egyptian insurtech startup, Mal Bazaar, secures brokerage license to enhance insurance platform

    1
    By Tapiwa Matthew Mutisi on June 9, 2024 Africa, Insurance, Insurtech, News, Products, Startups, Technology

    Egyptian insurtech startup, Mal Bazaar, known for its digital one-stop-shop for insurance products, has recently taken a significant stride in its growth by acquiring a licensed insurance brokerage. This strategic move is set to position Mal Bazaar as a full-fledged insurance service intermediary, enhancing its ability to cater to the diverse needs of its customers.

    Since its inception in 2019, Mal Bazaar has been at the forefront of offering a wide array of insurance products that leverage technology for ease and convenience. The startup’s portfolio includes medical, motor, property, and inland cargo insurance, catering to over 60,000 employees across various sectors such as fast-moving consumer goods (FMCGs), pharmaceuticals, and startups.

    With the recent approval from the Egyptian Financial Regulatory Authority (FRA), Mal Bazaar has transitioned into a licensed insurance brokerage. The company is currently in the process of piloting its B2B2C insurance platform with a select group of clients. This innovative platform is designed to enrich service offerings and elevate the customer experience by providing employees with access to a broad spectrum of financial products, aligning with Mal Bazaar’s mission to deliver comprehensive insurance solutions.

    Abbas Jammal, the founder and CEO of Mal Bazaar, expressed his enthusiasm about the company’s latest achievement: “We are immensely proud of this breakthrough as it not only signals our highest level of compliance but also deepens the strength of our offerings to the Egyptian market. We are excited to scale our innovative ‘My Policy’ management platform, offering clients a seamless and user-friendly experience while managing their corporate insurance policies. This marks yet another step forward towards disrupting the insurance space through digital transformation.”

    Related

    Africa Business Egypt Insurance Insurtech Investments License Mal Bazaar products Startups Technology
    Share. Facebook Twitter Pinterest LinkedIn Email
    Tapiwa Matthew Mutisi
    • Facebook
    • X (Twitter)
    • LinkedIn

    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 4,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

    Related Posts

    Top Fintech Jobs in 2025: High-Paying Careers You Shouldn’t Miss

    Elon Musk’s Apology to Trump: Strategic Retreat or Genuine Regret?

    Can Content Creation Survive Nigeria’s Data Crisis?

    1 Comment

    1. Pingback: Egyptian Insurtech Mal Bazaar Secures Brokerage License | Insurtech Insights

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Copyright ©, 2013-2024 Innovation-Village.com. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.