Magazine date:
Nov 2003 
Characteristics of the insurance market
- Regulatory body: Egyptian Insurance Supervisory Authority (EISA)
- Written premium in 2001/2002 : 370.7 millions USD
- 3rd insurance market in Africa behind South Africa and Morocco.
- 4th Arabic market behind Saudi Arabia, Morocco, and United Arab Emirates.
- Insurance density: 5 USD per capita
- Insurance penetration ratio : 0.41%
- Mandatory insurance: Motor liability, decennial liability and engineering.
- Mandatory reinsurance cessions to the Egyptian Reinsurance Company
Market structure 2001/02
- Insurance companies: 16 (3 of which specialized in Life insurance)
- Reinsurance companies: 1
Identity
- Area: 995,450 Km²
- Population (2002): 70,000,000 inhabitant
- GDP (2002): 90 billion USD
- GDP per capita : 1 285 USD
- GDP growth rate (2002): +1.7%
- Inflation rate (2002): 4.3%
- Main activity sectors : textile, food products, tourism, chemical products, hydrocarbons, cement, metals
Main cities
(in millions of inhabitants)
- Cairo: 12
- Alexandria: 3.5
- Tanta: 3.5
- Shobra: 0.8
- Port Said: 0.5
- Suez: 0.5
The market figures (2001/02)
Life turnover | Non-Life turnover | |
|---|---|---|
| in thousands USD | in thousands USD |
| Companies | Written premium | Market share |
|---|---|---|
Al Chark Insurance | 43 236 | 37.0% |
Misr Insurance | 36 585 | 31.3% |
Pharaonic American Life | 11 078 | 9.5% |
National Insurance | 9 629 | 8.2% |
Mohandes Insurance | 6 495 | 5.7% |
Delta Insurance | 3 899 | 3.3% |
Commercial International Life | 3 855 | 3.2% |
Suez Canal Insurance | 2 162 | 1.8% |
Total | 116 940 | 100% |
| Companies | Written premium | Market share |
|---|---|---|
Misr Insurance | 103 139 | 40.7% |
Al Chark Insurance | 46 314 | 18.3% |
National Insurance | 31 554 | 12.4% |
Suez Canal Insurance | 23 345 | 9.2% |
Mohandes Insurance | 11 794 | 4.6% |
Pharaonic Insurance | 10 911 | 4.3% |
Delta Insurance | 10 109 | 4.0% |
Arab International | 8 574 | 3.4% |
Arab Misr Insurance Group | 6 356 | 2.5% |
Cooperative Ins. Society | 1 495 | 0.6% |
Export Credit Garantee | 130 | 0.1% |
Total | 253 721 | 100% |
Development of the market turnover
in thousands USD
Non-life turnover by branch and by insurer
in thousands USD| Companies | Total | Fire | Marine | Aviation | Accident | Health | Engineering | Energy | Motor |
|---|---|---|---|---|---|---|---|---|---|
Misr Insurance | 103 139 | 17 134 | 8 963 | 28 806 | 7 864 | 2 131 | 6 347 | 9 240 | 22 653 |
Al Chark Insurance | 46 314 | 5 662 | 4 925 | 529 | 4 983 | 1 392 | 2 270 | 6 642 | 19 911 |
National Insurance | 31 554 | 5 437 | 3 623 | 0 | 6 535 | 1 094 | 1 625 | 0 | 13 239 |
Suez Canal Insurance | 23 345 | 1 960 | 4 058 | 0 | 5 837 | 264 | 6 197 | 0 | 5 030 |
Mohandes Insurance | 11 794 | 3 838 | 1 374 | 0 | 1 978 | 190 | 710 | 0 | 3 704 |
Pharaonic Insurance | 10 911 | 2 066 | 1 458 | 180 | 1 986 | 0 | 1 233 | 0 | 3 989 |
Delta Insurance | 10 109 | 2 083 | 901 | 0 | 1 572 | 591 | 477 | 0 | 4 485 |
Arab International | 8 574 | 2 868 | 1 426 | 0 | 4 280 | 0 | 0 | 0 | 0 |
Arab Misr Ins. Group | 6 356 | 1 444 | 1 080 | 0 | 1 109 | 242 | 153 | 0 | 2 327 |
Cooperative Ins. Society | 1 495 | 142 | 6 | 0 | 940 | 335 | 0 | 0 | 73 |
Export Credit Guarantee | 130 | 0 | 0 | 0 | 130 | 0 | 0 | 0 | 0 |
Total | 253 721 | 42 635 | 27 815 | 29 515 | 37 214 | 6 239 | 19 010 | 15 882 | 75 411 |
Turnover apportionment by branch
Source: Egyptian Insurance Supervisory Authority