Gulf Insurance Group (GIG), listed on Boursa Kuwait and active across 12 markets, is establishing Ahalina Microinsurance Company through its subsidiary GIG Egypt to offer microinsurance products tailored to low‑income individuals and micro‑enterprises. Egypt’s official regulator, the Financial Regulatory Authority (FRA), is currently reviewing the application for initial licensing. The move comes as the FRA enhances the regulatory framework, including raising the maximum microinsurance coverage to EGP 390,000 (≈ US$ 8,300) to boost financial inclusion. Ahalina is among the first companies under review for a licence, alongside Sawa Microinsurance, the first entity approved in December 2025.
