The Egyptian insurance market in 2019

Profile

Population : 100 388 000 inhabitants
Egypt drapeau
GDP : 303,092 billion USD
GDP per capita: 3 019 USD
GDP growth rate: 5,5%
Inflation rate: 14,5%

Data as at 31/12/2019, Source: World Bank and Statista

Egyptian insurance market: main indicators

 2019
Turnover35,2 billion EGP (2,098 billion USD)
Penetration rate0,7%
Insurance density350 EGP (21 USD)

Structure of the Egyptian insurance market

Insurance and reinsurance companies
Non-life companies
25
Life companies
15
Reinsurer
1
Total41

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 business20152016201720182019
Non-life
1 061 5071 022 025681 526969 0611 183 458
Life
959 691944 371562 643678 948915 409
Total2 021 1981 966 3961 244 1691 648 0092 098 867

Exchange rate as at 31/12/2015 : 1 EGP = 0.13076 USD ; 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


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