Egypt insurance industry

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Population: 109 262 178 inhabitants
Egypt drapeau
GDP (2021) (1): 404.14 billion USD
GDP per capita: 3 698.8 USD
GDP growth rate:3.3%
Inflation rate (2): 13.9%

(1) Source: population.data
(2) Source: World Bank

Egyptian insurance market: main indicators

Turnover (2022)2 978 million USD
Penetration rate (2021)0,75%
Insurance density (2021)27,61 USD

Read also | Insurance companies in Egypt

Structure of the Egyptian insurance market

Main market stakeholdersTotal
Non-life insurance companies 23
Life insurance companies 16
Insurance and reinsurance brokers 96
Insurance pools 5
Public insurance funds6

Regulatory authority
Financial Regulatory Authority
www.fra.gov.eg

Organisme professionnel
Insurance Federation of Egypt
www.ifegypt.org

Egyptian insurance market: evolution of premiums per class of business

Figures in thousands USD

Class of business20182019202020212022
Non-life
969 0611 183 4581 330 3331 490 2431 448 354
Life (1)
678 948915 4091 141 2671 526 5251 529 519
Total1 648 0092 098 8672 471 6003 016 7682 977 873

(1) Excluding acceptances
Exchange rate as at 30/06/2022 : 1 EGP = 0.05311 USD ; as at 30/06/2021 : 1 EGP = 0.06367 USD ; as at 30/06/2020 : 1 EGP = 0.06177 USD ; as at 30/06/2019 : 1 EGP = 0.0598 USD ; as at 30/06/2018 : 1 EGP = 0.05581 USD


Read also | Egyptian insurance market in 2021: turnover per class of business

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Thu, 08/06/2023 - 12:18
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