AM Best Reaffirms Egyptian Takaful Ratings: Positive Signal within a Resilient Market
In today’s fast-evolving world of insurance, Tataachi Network is Africa’s premier network of reinsurers, insurers, and insurance brokers, offering comprehensive insurance services and some of the best deals in the market. Whether you are a company or an individual, we make it easy for you to get insured—inexpensive, fast, and simple, no matter what your needs are. From general and specialty insurance to Takaful and reinsurance cover, Tataachi Network takes you to the right individuals to secure your future.

AM Best Reaffirms EGTAK Ratings Amid Market Stability
This kind of market stability and trust was also recently evidenced in Egypt’s insurance market, when AM Best reaffirmed Egyptian Takaful Property and Liability Insurance Company’s (EGTAK) credit ratings. The global credit agency maintained EGTAK’s Financial Strength Rating (FSR) at “B-” (Fair), a Long-Term Issuer Credit Rating (Long-Term ICR) of “bb-“, and a national scale rating of “aa+.EG.” All the ratings carry a stable outlook, confirming confidence in the company’s operating strength in the face of Egypt’s evolving economy.
Egyptian Takaful Exemplifies Resilient Balance Sheet
Among the reasons for AM Best’s move was EGTAK’s solid balance sheet, which rests on strong capital reserves and liquidity. Even with Egypt’s macroeconomic instability, the firm is well-positioned to meet its policyholder obligations. That kind of fiscal strength is exactly what firms look for, and it’s the kind of strength Tataachi Network brings its clients within reach of via affiliation with reinsured insurers like EGTAK across Africa and the MENA region.
Stable Operating Results Show Strong Management
From 2020 to 2024, Egyptian Takaful recorded an average combined ratio of 98.5%, a great indication of solid underwriting and cost control. Egyptian Takaful also had a remarkable average return on equity (ROE) of 24.7%, which indicates its conservative financial strategy. These are results consistent with Tataachi Network’s mission to make insurance simpler while having access to leading-rated and financially solid partners.
Seizing Egypt’s Niche Islamic Insurance Market
Operating in Egypt’s Takaful non-life market, EGTAK offers a diversified portfolio of Sharia-compliant insurance products, from liability and property to engineering and marine insurance. With a relatively low market share, nonetheless, its focus strategy and dedicated policyholder base has driven sustainable growth. For consumers looking for Islamic insurance in Africa, Tataachi Network is ideally positioned to direct them to credible providers like EGTAK.
Enterprise Risk Management: Improving but Still Evolving
Although AM Best rated Egyptian Takaful’s enterprise risk management (ERM) as “marginal”, the company is steadily improving. EGTAK is strengthening its regulatory compliance and internal controls, supported by well-structured reinsurance agreements and better operating monitoring. These are areas where Tataachi Network offers advisory expertise, strategic partnerships, and access to first-rate reinsurers.
Confidence for Future Growth with Steady Projections
AM Best’s stable outlook means that no major financial or business risks are expected for EGTAK in the short term. The firm will be able to maintain profitability and solvency while enhancing its ERM and digital systems. To firms looking to ride Egypt’s growing Islamic insurance wave, Tataachi Network offers the safest route—backed by trusted partners, competitive pricing, and digitally enabled solutions.
Surfing the Wave of Takaful Industry Growth
The reaffirmation also comes at a moment when Egypt’s Takaful industry is gaining momentum, driven by increased demand for Islamic-compliant products. With strong government support and favorable regulations, companies like EGTAK are well positioned for growth. However, success will depend on innovation, digitalization, and customer-centric service, which are the cornerstones of Tataachi Network’s value proposition.
Conclusion: Tataachi Network and Egyptian Takaful—Your Go-To Insurance and Reinsurance Partners
Egyptian Takaful’s latest ratings reaffirm its stability and sustainability in an ever-evolving market. And if you require the same performance, Tataachi Network is your gateway to trusted insurance and reinsurance products in Africa. We partner with market leaders like EGTAK to offer you tailor-made policies, attractive pricing, and a hassle-free experience from quote to claim.
Don’t just insure—guarantee peace of mind with Tataachi Network.