Kaf Insurance

What Kaf Insurance does

Kaf Insurance (legal name Kaf Life Insurance S.A.E.) is a privately held Egyptian life and savings insurer headquartered in Smart Village, Giza, regulated by the Financial Regulatory Authority under license number (29). The company operates a tech-led insurance platform distributing individual term life, corporate group life, corporate pension, and credit life products, with a mobile app (iOS/Android) and website supporting policy purchase, management, claims submission, and document access in under 90 seconds. Its individual term life line comprises four sub-products — Nour (education), Beitna (mortgage), Horeya (credit liabilities), and Farha (marriage) — while corporate offerings include customizable group life plans and pension programs with multiple fund options (Fixed Income, Money Market, Equity, Gold, USD), co-managed with EFG Hermes Asset Management and Azimut.

The platform architecture is built on a core policy administration system delivered by DXC Technology (NYSE: DXC) under a digital transformation partnership signed in April 2023, with cloud-based infrastructure enabling 24/7 policy access, an interactive pricing calculator, real-time pension performance dashboards, and digital claims processing with fast approval turnaround. Credit life products are embedded into loan origination flows through B2B2C partnerships with aiBANK, Halan, and Bank Nxt. Savings products outside core insurance are listed as forthcoming.

Kaf Insurance traces its origins to Tokio Marine Egypt Family Takaful, which was acquired in August 2020 by EFG Hermes Holding and GB Capital (GB Corp/GB Auto) at a 75% majority stake, with Tokio Marine retaining a minority interest. The Kaf brand and tech-led platform were formally launched in September 2021. In December 2022, Kaf became the first insurer in Egypt to convert from Takaful (Islamic insurance) to commercial life insurance under FRA oversight, a regulatory first that broadened its addressable market. The company operates in three core segments — individual consumers (mobile-app-driven retail), corporate employers (group life and pension), and banking/lending partners (credit life B2B2C) — and generates recurring revenue from subscription-style insurance premiums across these streams, insuring over two million people.

Name

Kaf Insurance

Legal name

Kaf Life Insurance S.A.E.

Website

https://kaf.com.eg

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

51–100 employees

Short description

Kaf Insurance is a privately held Egyptian tech-led life and savings insurer offering individual term life, corporate group life, corporate pension, and credit life products via a mobile app, sold directly to consumers and through banking partners such as aiBANK, Halan, and Bank Nxt.

Ownership category

akta.pro rank

Product category

Life Insurance

NAICS

Direct Life Insurance Carriers (524113)

SIC

Life Insurance (6311)

akta.pro primary industry

Level Term Life Insurance (FSAIAAAA)

akta.pro secondary industries

Group Term Life Insurance (FSAIAAAJ), Basic Group Term Life (Employer-Paid) (FSAIADAA)

Keywords

• Term life insurance
• Corporate pension plans
• Credit life insurance
• Group life insurance
• Digital insurance platform

Headquarters

HQ city

Gîza

HQ country

Egypt

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Individual Life Insurance Premiums: Recurring premium payments from individual term life insurance policies including Nour (education), Beitna (mortgage), Horeya (credit/liabilities), and Farha (marriage) products
2. Corporate Life Insurance Premiums: Group life insurance premiums paid by employers for employee coverage, including customizable benefit packages and flexible payment terms
3. Corporate Pension Contributions: Pension fund management fees from employer and employee contributions across Fixed Income, Money Market, Equity, Gold, and USD fund options
4. Credit Life Insurance: Credit protection insurance sold through banking partners covering outstanding loan balances, critical illness, and permanent disability

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Kaf Insurance is a tech-led life insurance provider in Egypt selling individual term life insurance (with specialized sub-products for education, mortgage, credit, and marriage protection), corporate group life insurance, corporate pension plans with multiple investment fund options, and credit life insurance distributed through banking partners. Products can be purchased digitally via a mobile app and website with claims submission and policy management delivered through the same channels.

Product overview

Kaf Insurance operates as a tech-led insurance platform offering both individual and corporate insurance products. The individual product line centers on Term Life Insurance with four specialized sub-products (Nour for education, Beitna for mortgage, Horeya for credit, and Farha for marriage) that can be purchased digitally in approximately 90 seconds. For corporate clients, Kaf provides Corporate Life Insurance, Corporate Pension plans with multiple investment fund options, and Credit Life Insurance. The platform emphasizes digital-first accessibility through its mobile app, allowing customers to buy, manage, and file claims seamlessly. The company was formerly Tokio Marine Egypt Family Takaful and achieved a historic conversion from Islamic (Takaful) insurance to commercial insurance in December 2022, becoming the first in Egypt to do so.

Differentiator

Problem solved

Functional benefit

Brands

• Nour: Education-focused term life insurance product designed to secure children's education and future academic paths.
• Beitna
• Horeya
• Farha

Products and services

• Term Life Insurance Individual term life insurance for Egyptian consumers, purchasable digitally in approximately 90 seconds via mobile app or website. Coverage available up to 20,000,000 EGP with no medical exam required. Encompasses specialized sub-products: Nour (education funding protection), Beitna (mortgage payment protection), Horeya (credit/liability coverage), and Farha (marriage protection). Designed for retail consumers seeking simple, jargon-free life insurance.
• Corporate Life Insurance Group life insurance programs for Egyptian businesses providing employee benefits, financial security, and customizable coverage. Offers flexible payment plans and additional coverage options to support employee retention and attraction. Targeted at HR and finance decision-makers at corporate employers.
• Corporate Pension Consolidated corporate savings and pension program offering multiple investment fund options including Fixed Income (30% return), Money Market (24% return), Equity (31% return), Gold (37% return), and USD. Includes a digital reporting platform for real-time performance updates and flexible withdrawal options. Co-managed by EGF (EFG Hermes Asset Management) and Azimut. No hidden fees apply.
• Credit Life Insurance Insurance product that protects the outstanding balance of a loan in case of borrower death or disability. Coverage options include total and partial permanent disability, critical illness, and full loan balance protection. Distributed through banking partners including aiBANK, Halan, and Bank Nxt to provide embedded protection for consumer and business loans.

Quantifiable outcome

• Purchase term life policy in under 90 seconds
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• Ahl Masr FoundationminorStrategic or Co-development Partner · 1 March 2024Supporting Ahl Masr in re-integrating burn victims (children) back into the education system by enrolling them in community schools and providing special training to teachers and students.
• Mersal OrganizationminorStrategic or Co-development Partner · 1 November 2023Partnership with Mersal Organization to offer CPR (Cardiopulmonary Resuscitation) training sessions for Kaf employees. CSR initiative for emergency preparedness.
• American University in Cairo (AUC)minorStrategic or Co-development Partner · 1 October 2023Partnership with AUC's Actuarial Science department to educate students on the evolving insurance market and Kaf's role within it. CSR initiative supporting insurance industry talent development.
• INJAZ EgyptminorStrategic or Co-development Partner · 1 August 2023Kaf partnered with INJAZ and Boeing to launch a hackathon empowering Egyptian youth through education and entrepreneurship. Kaf volunteers supported teams from public universities.
• DXC TechnologycoreTechnology or Integration · 1 April 2023DXC Technology (NYSE: DXC) was selected in April 2023 to drive Kaf's digital transformation. DXC provides core policy administration system, data analytics, application development, and digital insurance solutions. Key technology enabler for Kaf's tech-led insurance platform.
• Tokio MarineminorOthers · 1 September 2022Tokio Marine Egypt Family Takaful was acquired and rebranded to Kaf Insurance. Originally a joint venture, Tokio Marine's stake was bought out by EFG Hermes and GB Capital.
• EGF (EFG Hermes Asset Management)coreTechnology or IntegrationEGF manages pension fund investments including Fixed Income, Money Market, Equity, and Gold portfolios. Provides fund management expertise for Kaf's corporate pension products.
• AzimutcoreTechnology or IntegrationAzimut co-manages pension fund investments alongside EGF, providing international asset management expertise for Fixed Income, Money Market, Equity, and Gold portfolios.

Scale indicators3 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• MetLife Egypt: MetLife's Egyptian life insurance arm is a direct competitor offering individual life, group life, and retirement products to a similar retail and corporate customer base in Egypt.
• AXA Egypt: AXA's Egyptian life and health insurance subsidiary directly competes with Kaf in retail and corporate life insurance products through agency and digital channels, operating under the same FRA regulator with a comparable product mix.
• Allianz Life Insurance Egypt: Allianz Egypt offers individual and group life insurance plus savings/investment-linked products, competing head-to-head with Kaf on corporate group life and pension schemes.

Broad incumbents

• Misr Insurance: Egypt's largest state-affiliated insurance carrier with broad life and P&C offerings; competes with Kaf primarily on corporate group life, government-linked accounts, and large employer pension schemes.
• GIG Egypt (Arab Misr Insurance Group): Diversified Egyptian insurance group offering life, P&C, and health lines; overlap with Kaf in group life and corporate pension, though GIG is broader and more established across distribution channels.

Emerging players

• Tokio Marine (Egypt): Previous parent of the Tokio Marine Egypt Family Takaful entity that became Kaf; Tokyo Marine retains a minority stake and brand-related interests, making it a structural rather than direct current competitor.
• ALICO Egypt (Alico MetLife predecessor): Egyptian life insurer focused on unit-linked and savings-linked products, competing with Kaf's emerging pension/savings portfolio for retail wealth-management customers.

Regional players

• Orient Insurance (Egypt operations): UAE-headquartered insurance group with Egyptian operations, offering life and group life primarily to corporate clients and expatriate populations; competes regionally rather than mass-retail.
• Saudi Enaya Cooperative Insurance: Saudi-headquartered cooperative insurer providing group medical and life products; comparable in product structure to Kaf's corporate life line but operating in a different GCC geography.

Others

• DXC Technology (Insurance BPO arm): DXC is Kaf's core technology and policy-administration partner rather than a competitor, but DXC's broader insurance industry outsourcing practice gives it deep insight into Kaf's market and an indirect stake in Kaf's operational success.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Kaf.Insurance
• LinkedInlinkedin.com/company/kaf-insurance
• Instagraminstagram.com/kaf.insurance?igsh=ZmkyankzamgwemR2

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kaf Insurance