Summary
In a landmark event that highlights stability and consensus in the Egyptian insurance market, Alaa El-Zoheiry has been re-elected as Chairman of the Insurance Federation of Egypt (IFE) for a new four-year term (2025–2029). The elections were held on Sunday, August 24, 2025, at the Federation’s headquarters in Cairo, in the presence of representatives from the Financial Regulatory Authority (FRA) and the Central Auditing Organization (CAO), with 38 out of 39 member companies participating.
Unopposed Re-election Reflects Strong Confidence
El-Zoheiry secured the presidency unopposed, reflecting the high level of trust and confidence he enjoys within the Egyptian insurance industry. This marks his third consecutive term as Chairman since first assuming the role in 2017, positioning him as one of the most influential leaders driving the sector in alignment with Egypt’s Vision 2030 for financial inclusion and economic growth.
New Board of Directors (2025–2029)
The elections resulted in the following composition of the IFE’s new Board of Directors:
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Chairman: Alaa El-Zoheiry
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Vice Chairman: Khaled Abdel Sadeq (Managing Director of Mohandes Insurance)
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Female Board Members: Abir Helmy Saleh – Nevine Gamea
Property & Liability Insurance Representatives
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Mostafa Abou El-Azm – Egyptian Cooperative Insurance Society
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Ahmed Khalifa – Sarwa Insurance
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Mohamed Mostafa Abdel Rasoul – Orient Takaful Insurance Egypt
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Mohamed Hassan Farghaly – Suez Canal Insurance
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Hossam Allam – Egyptian Takaful Insurance – Property
Life Insurance Representatives
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Charles Tawadros – Allianz Life Insurance Egypt
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Amr El-Sheemy – QNB Life Insurance
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Mohamed Abdel Gawad Ibrahim – Chairman of Misr Life Insurance
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Haitham Taher – MetLife Life Insurance
Key Priorities of the New Term
According to the Federation’s General Assembly, the new board will prioritize:
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Expanding insurance penetration and promoting financial inclusion across all market segments.
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Accelerating the shift towards digital insurance products and technological innovation.
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Enhancing cooperation with the Financial Regulatory Authority (FRA) to ensure sector stability.
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Conducting feasibility studies for purchasing a new headquarters to meet the Federation’s growing role.
El-Zoheiry’s Distinguished Career
Alaa El-Zoheiry brings extensive international and local expertise to the Federation. He has previously worked with leading global insurers and reinsurers such as Munich Re, Swiss Re, and Marsh, and currently serves as Deputy Chairman of GIG Egypt Life Takaful. His global and regional experience is expected to help Egypt’s insurance sector strengthen its competitiveness both locally and internationally.
Impact on the Egyptian Insurance Market
The re-election of El-Zoheiry signals stability and continuity in Egypt’s insurance sector. With the government’s focus on financial inclusion, the IFE is expected to play a central role in increasing insurance penetration rates, enhancing product diversification, and boosting the sector’s contribution to Egypt’s GDP in the coming years.