Arab Finance: Sarwa Life Insurance, a subsidiary of subsidiary of Contact Financial Holding, has collected direct premiums of nearly EGP 658 million during the fiscal year (FY) of 2022/2023, up 102% from EGP 326 million in FY 2021/2022, as per an emailed press release.
It is worth noting that the company recorded operating revenues of EGP 48.5 million last FY, marking a 140% year-on-year (YoY) increase.
Established in 2019, Sarwa Life Insurance provides a wide range of personal and commercial insurance solutions to retail and institutional clients.