Matouk Bassiouny & Hennawy Advised AXA Egypt On Launching Egypt’s First Microinsurance Company

Matouk Bassiouny & Hennawy Advised AXA Egypt on Launching Egypt’s First Microinsurance Company

Matouk Bassiouny & Hennawy (MBH) served as the lead legal counsel for AXA Egypt in establishing a strategic partnership agreement with Post for Investment, aimed at launching Egypt’s first microinsurance company. This initiative aligns with the new unified insurance law, promoting financial inclusivity across various societal segments.

The MBH team was led by partner May Elshaarawy and included associate Abdelaziz AlyElshaarawy, who played key roles in navigating the legal complexities of the partnership.

The collaboration seeks to enhance financial accessibility and develop innovative insurancemodels tailored to assist financially vulnerable populations. Over the first decade of operation, the new microinsurance company aims to serve 12 million customers, demonstrating a commitment to significantly impact the lives of Egyptians through customized insurance solutions.