The Egyptian insurance market

Profile

Population : 102 330 000 inhabitants
Egypt drapeau
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
Turnover40.1 billion EGP (2.474 billion USD)
Penetration rate0,11%
Insurance density392 EGP (24 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 business20162017201820192020
Non-life
1 022 025681 526969 0611 183 4581 333 152
Life
944 371562 643678 948915 4091 141 267
Total1 966 3961 244 1691 648 0092 098 8672 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


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