Insurance companies in Egypt: 2021 ranking per GWP
Life insurance companies in Egypt: 2021 ranking
In thousands| Rank | Companies | 2021 turnover | 2020 turnover | 2020-2021 evolution * | 2021 shares | ||
|---|---|---|---|---|---|---|---|
| EGP | USD | EGP | USD | ||||
| 1 | Misr Life Insurance Company | 7 652 574 | 487 239 | 4 961 503 | 306 472 | 54.24% | 31.92% |
| 2 | Allianz Life Egypt | 5 042 720 | 321 070 | 4 216 677 | 260 464 | 19.59% | 21.03% |
| 3 | Metlife Egypt | 4 085 402 | 260 118 | 3 685 876 | 227 677 | 10.84% | 17.04% |
| 4 | AXA Life Egypt | 3 308 188 | 210 632 | 2 529 557 | 156 251 | 30.78% | 13.80% |
| 5 | QNB Alahli Life Insurance | 933 680 | 59 447 | 735 854 | 45 454 | 26.88% | 3.90% |
| 6 | Egyptian Life Takaful Insurance | 923 044 | 58 770 | 632 883 | 39 093 | 45.85% | 3.85% |
| 7 | Suez Canal Life Insurance | 673 136 | 42 859 | 560 355 | 34 613 | 20.13% | 2.81% |
| 8 | Libano-Suisse Takaful | 261 861 | 16 673 | 255 706 | 15 795 | 2.41% | 1.09% |
| 9 | Chubb Life Egypt | 267 133 | 17 008 | 242 958 | 15 008 | 9.95% | 1.11% |
| 10 | Delta Life Assurance | 272 968 | 17 380 | 241 067 | 14 891 | 13.23% | 1.14% |
| 11 | Misr Emirates Takaful Life Insurance | 207 151 | 13 189 | 147 046 | 9 083 | 40.87% | 0.86% |
| 12 | Mohandes Life Insurance Company | 103 312 | 6 578 | 91 077 | 5 626 | 13.43% | 0.43% |
| 13 | Arope Life Insurance | 88 483 | 5 634 | 74 454 | 4 599 | 18.84% | 0.37% |
| 14 | Sarwa Life | 106 508 | 6 781 | 58 763 | 3 630 | 81.25% | 0.44% |
| 15 | KAF Life Takaful Insurance (1) | 49 410 | 3 147 | 42 291 | 2 611 | 16.83% | 0.21% |
| Total life | 23 975 570 | 1 526 525 | 18 476 067 | 1 141 267 | 29.77% | 100% | |
* Growth rate in local currency
(1) Ex. Tokyo Marine Family Takaful
Non-life insurance companies in Egypt: 2021 ranking
In thousands| Rank | Companies | 2021 turnover | 2020 turnover | 2020-2021 evolution * | 2021 shares | ||
|---|---|---|---|---|---|---|---|
| EGP | USD | EGP | USD | ||||
| 1 | Misr Insurance | 9 590 554 | 610 631 | 9 341 882 | 577 048 | 2.66% | 40.85% |
| 2 | AXA Insurance | 1 592 756 | 101 411 | 1 580 840 | 97 648 | 0.75% | 6.79% |
| 3 | GIG Egypt | 1 463 391 | 93 174 | 1 314 953 | 81 225 | 11.29% | 6.23% |
| 4 | Allianz Insurance Egypt | 1 237 482 | 78 790 | 1 139 678 | 70 398 | 8.58% | 5.27% |
| 5 | Bupa Egypt | 1 126 780 | 71 742 | 1 100 640 | 67 987 | 2.37% | 4.80% |
| 6 | Suez Canal Insurance | 1 114 279 | 70 946 | 1 001 006 | 61 832 | 11.32% | 4.75% |
| 7 | Orient Takaful Insurance Co. | 1 283 501 | 81 721 | 973 785 | 60 151 | 31.81% | 5.47% |
| 8 | Egyptian Takaful Insurance | 974 526 | 62 048 | 932 631 | 57 609 | 4.49% | 4.15% |
| 9 | Royal Insurance | 801 402 | 51 025 | 602 057 | 37 189 | 33.11% | 3.41% |
| 10 | Delta Insurance | 736 954 | 46 922 | 600 072 | 37 066 | 22.81% | 3.14% |
| 11 | Wethaq Takaful Insurance | 601 330 | 38 287 | 516 661 | 31 914 | 16.39% | 2.56% |
| 12 | Mohandes Insurance Company | 545 164 | 34 711 | 504 143 | 31 141 | 8.14% | 2.32% |
| 13 | Egyptian Saudi Insurance House | 543 340 | 34 594 | 441 254 | 27 256 | 23.14% | 2.31% |
| 14 | AIG Insurance | 203 001 | 12 925 | 245 605 | 15 171 | -17.35% | 0.87% |
| 15 | Iskan Insurance | 231 521 | 14 741 | 223 030 | 13 777 | 3.81% | 0.99% |
| 16 | Co. Operative Insurance Society | 275 059 | 17 513 | 204 126 | 12 609 | 34.75% | 1.17% |
| 17 | Egyptian Takaful Insurance | 219 620 | 13 983 | 194 757 | 12 030 | 12.77% | 0.94% |
| 18 | Tokio Marine Egypt General Takaful | 220 498 | 14 039 | 189 998 | 11 736 | 16.05% | 0.94% |
| 19 | Arope Insurance | 179 125 | 11 405 | 161 726 | 9 990 | 10.76% | 0.76% |
| 20 | Sarwa Insurance | 300 308 | 19 121 | 158 764 | 9 807 | 89.15% | 1.28% |
| 21 | Chubb Insurance | 68 968 | 4 391 | 83 782 | 5 175 | -17.68% | 0.29% |
| 22 | Export Credit Guarantee Co. | 70 027 | 4 459 | 25 497 | 1 574 | 174.65% | 0.30% |
| 23 | Al Wataniya Insurance | 25 945 | 1 652 | - | - | - | 0.11% |
| 24 | Mada Insurance | 70 240 | 4 471 | - | - | - | 0.30% |
| 25 | Medgulf Insurance (1) | - | - | - | - | - | - |
| Total non-life | 23 475 771 | 1 494 702 | 21 536 887 | 1 330 333 | 9.00% | 100% | |
* Growth rate in local currency
(1) Data unavailable for Medgulf Insurance
Exchange rate EGP/USD as at 31/12 | 2021 | 2020 |
0.06367 | 0.06177 |
Read also | Egyptian insurance market
