Arab Finance: Kaf Insurance’s assets under management (AUM) in its pension offering business exceeded EGP 1 billion, just over a year after the product’s official launch, according to an emailed press release.

Kaf Insurance, a joint venture (JV) between EFG Finance, an EFG Holding company, and GB Corp, is also preparing to roll out Pension V2, the next phase of its digital pension platform.

The new edition will introduce individual top-ups, allowing employees to boost their retirement savings directly via the platform. It will also expand investment and protection offerings, including life insurance.

The milestone reflects growing demand in Egypt for transparent, digitally enabled retirement solutions, as employers increasingly reassess the role of financial security in employee benefits.  

Kaf’s pension business has become a key driver of the company’s growth. Pension revenues reached EGP 600 million in 2025, while total company revenues exceeded EGP 1.2 billion during the same year.

The company has maintained a compound annual growth rate (CAGR) of more than 90% over the past five years, supported by rising adoption of its tech-enabled insurance and savings solutions, making it one of the fastest-growing insurance companies in Egypt.

Commenting on the milestone, Sohail Ali, CEO of Kaf Insurance, said: “Surpassing EGP 1 billion in pension assets under management is an important marker for Kaf, but it also reflects a wider change in how retirement solutions are being delivered and experienced in Egypt.”

Ali added: “The pace of adoption shows that both employers and employees were ready for this shift. What is particularly encouraging is not only the growth in assets under management, but the level of engagement we are seeing from employees who are actively tracking and understanding their pensions. That engagement is critical if private retirement solutions are to play a larger role in supporting financial security in Egypt.”

Youssef Shokeir, Deputy CEO of Kaf Insurance, added: “Our focus remains on enhancing the pension experience, expanding access, and helping position retirement solutions as a priority employee benefit in Egypt. This milestone is an important step, but we see significant room for further growth as financial awareness increases and demand for structured, long-term savings solutions continues to develop.”

Kaf Insurance expects pension AUM to approach EGP 2 billion by the end of 2026, backed by continued product innovation, employer adoption, and rising demand for accessible financial protection solutions.