{"id":326236,"date":"2022-09-27T14:42:41","date_gmt":"2022-09-27T14:42:41","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=326236"},"modified":"2022-09-27T14:42:41","modified_gmt":"2022-09-27T14:42:41","slug":"efg-hermes-holding-gb-capital-launch-kaf","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/09\/27\/efg-hermes-holding-gb-capital-launch-kaf\/","title":{"rendered":"EFG Hermes Holding, GB Capital launch Kaf"},"content":{"rendered":"

Following the 2020 takeover of a 75% stake by EFG Hermes Holding and GB Capital in Tokio Marine Egypt Family Takaful, the company has been rebranded to Kaf.<\/p>\n

Kaf, under the guidance of new management, seeks to set itself apart by making insurance hassle-free for its customers and by providing them with straightforward, fair, and value-for-money insurance solutions, according to a recent press release.<\/p>\n

Sohail Ali, Managing Director of Kaf<\/strong>, said:\u00a0\u201cSince our launch, we have worked hard to provide peace of mind and improve the lives of individuals and, by extension, their communities through offering simple-to-understand products and fresh solutions [\u2026] Moving forward, we will continue to live up to our purpose of contributing to social stability and poverty reduction by bridging the insurance gap in Egypt through innovative, tech-enabled solutions.<\/em>\u201d<\/p>\n

<\/div>\n

Since the acquisition 18 months ago, Kaf has seen exponential growth, from 0.1 million customers pre-acquisition to currently covering the lives of c. 2 million Egyptians in 2022. The company focused on issuing policies targeting employees, small business owners, and the micro-segment.<\/p>\n

Ali added: \u201cRecently, the Egyptian government has worked to improve access to financial services for the low-income segment, developing sound regulatory frameworks and lowering barriers to financial access, and we expect continued growth in the Non-Bank Financial Institutions (NBFI) segment over the coming years.<\/em>\u201d<\/p>\n

Building on the disruptive heritage of both EFG Hermes Holding and GB Capital, Kaf will seek to bring a fresh perspective to a well-established industry.<\/p>\n","protected":false},"excerpt":{"rendered":"

Following the 2020 takeover of a 75% stake by EFG Hermes Holding and GB Capital in Tokio Marine Egypt Family Takaful, the company has been rebranded to Kaf.<\/p>\n","protected":false},"author":2,"featured_media":320827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33,21],"tags":[82],"class_list":["post-326236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main","category-news","tag-efg-hermes"],"yoast_head":"\nEFG Hermes Holding, GB Capital launch Kaf - egy-africa<\/title>\n<meta name=\"description\" content=\"Following the 2020 takeover of a 75% stake by EFG Hermes Holding and GB Capital in Tokio Marine Egypt Family Takaful, the company has been rebranded to Kaf.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2022\/09\/27\/efg-hermes-holding-gb-capital-launch-kaf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFG Hermes Holding, GB Capital launch Kaf - 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