Egypt insurance industry
Profile
Population : 109 262 178 inhabitants | ![]() |
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 stakeholders | Total |
Non-life insurance companies | 23 |
Life insurance companies | 16 |
Insurance and reinsurance brokers | 96 |
Insurance pools | 5 |
Public insurance funds | 6 |
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 | 2018 | 2019 | 2020 | 2021 | 2022 |
Non-life | 969 061 | 1 183 458 | 1 330 333 | 1 490 243 | 1 448 354 |
Life | 678 948 | 915 409 | 1 141 267 | 1 526 525 | 1 529 519 |
Total | 1 648 009 | 2 098 867 | 2 471 600 | 3 016 768 | 2 977 873 |
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
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