The collaboration aims to bolster insurance innovation, increase penetration levels, and enhance operational efficiencies for Al Wataniya.
The partnership, unveiled in April 2023, underscores Estafsar’s dominance in the InsurTech sector in Egypt, as it revolutionizes industry dynamics among insurance companies, brokers, and beneficiaries alike. Al Wataniya stands to benefit significantly from this alliance, as it seeks to expand its customer base and forge strategic relationships with prospective clients, ultimately maximizing the advantages of its insurance branches.
For Estafsar, this collaboration represents a major stride toward achieving its ambitious goal of elevating insurance penetration in Egypt, which currently languishes below 1%. By leveraging Estafsar’s cutting-edge technology, insurance companies can tap into new retail and business consumers, driving penetration rates higher than ever before.
Al Wataniya, known for its forward-thinking approach to insurance, has already made remarkable strides across various insurance categories in less than three years. Through this strategic partnership, the company aims to fortify its product and service offerings, delivering enhanced benefits to its valued customers.
One of the key advantages of this collaboration lies in Al Wataniya Insurance’s ability to reach a broader audience using Estafsar’s digital distribution tools. This powerful synergy will enable the company to expand its reach, acquire new leads, and engage with prospective clients, all while maximizing the benefits of its extensive network of insurance branches.
“We are delighted to join forces with Al Wataniya, a reputable and dominant player in Egypt’s insurance industry,” stated Amr Darwish, CEO of Estafsar. “This partnership stands as a testament to our expertise in the InsurTech sector and our unwavering commitment to providing innovative solutions that elevate the insurance industry. We are confident that our collaboration will have a positive and transformative impact on both Estafsar and Al Wataniya as we collectively revolutionize the insurance landscape in Egypt.”
