Magazine date:
Jun 2023 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 [4]
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 [5] |
| Organisme professionnel | |
Insurance Federation of Egypt | www.ifegypt.org [6] |
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 (1) | 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 |
(1) Excluding acceptances
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