The Egyptian insurance market
Profile
| Population : 102 330 000 inhabitants |  |
| GDP : 363.070 billion USD | |
| GDP per capita: 3 548 USD | |
| GDP growth rate:3.6% | |
| Inflation rate: 5.6% |
Data as at 31/12/2020, Source: World Bank and Statista
Egyptian insurance market: main indicators
| 2020 | |
| Turnover | 40.1 billion EGP (2.474 billion USD) |
| Penetration rate | 0,11% |
| Insurance density | 392 EGP (24 USD) |
Structure of the Egyptian insurance market
| Insurance and reinsurance companies | |
Non-life companies | 25 |
Life companies | 15 |
Reinsurer | 1 |
| Total | 41 |
| 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 business | 2016 | 2017 | 2018 | 2019 | 2020 |
Non-life | 1 022 025 | 681 526 | 969 061 | 1 183 458 | 1 333 152 |
Life | 944 371 | 562 643 | 678 948 | 915 409 | 1 141 267 |
| Total | 1 966 396 | 1 244 169 | 1 648 009 | 2 098 867 | 2 474 419 |
Exchange rate as at 31/12/2016 : 1 EGP = 0.11344 USD ; as at 31/12/2017 : 1 EGP = 0.05528 USD ; as at 31/12/2018 : EGP= 0.05581 USD as at 31/12/2019 1 EGP = 0.0598 USD ; 31/12/2020 1 EGP = 0.06177 USD
