Egypt Insurance Industry – Key Trends and Opportunities to 2026
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The gross written premium of Egypt insurance industry was $3 billion in 2021. The market is expected to achieve a CAGR of more than 11% during the forecast period. The Egypt insurance industry research report provides in-depth market analysis, information, insights, and a detailed outlook by product category of the industry. It provides values for key performance indicators such as gross written premium, penetration, premium accepted and ceded, profitability ratios, and premium by line of business, during the review period and forecast period.
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Egypt economy and demographics, and provides detailed information on the competitive landscape in the country. The report gives insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.
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Key Egypt Insurance Industry Trends
Egypt, under its Environment, Social, and Governance (ESG) effort in the field of exchanging technical expertise and assistance for sustainable finance and cooperation, entered a memorandum of understanding (MoU) through the Regional Center for Sustainable Finance of the Financial Supervisory Authority and Union of Arab Securities Authorities.
The Senate approved an article of a unified insurance bill which stipulates insurers to provide coverage against the risk of divorce to women. The proposal aims to provide insurance coverage to divorced women to bear some of their expenses, especially in those cases where a divorced woman does not have a source of income or have children. The bill includes a provision on the introduction of a compulsory divorce insurance policy that aims to grant protection to divorced women, as well as to provide compensation.
Key Egypt Insurance Industry Segments
The key segments of the Egypt insurance industry are life insurance and general insurance. The life insurance segment dominates the market.
Life Insurance
The life insurance segment has hugely invested in advertising campaigns and digitalization to increase product awareness and tap the general population in the market.
General Insurance
Commercial general insurance includes property insurance and MAT. Retail general insurance includes motor insurance and personal accident and health insurance. Retail insurance was the leading line of business in 2021 and PA&H insurance was the largest retail line. Property insurance was the largest commercial line in the industry.
Egypt Insurance Industry Analysis, by Segment
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Key Egypt Insurance Industry Companies
Some of the key insurance companies in the Egypt insurance industry are Misr Insurance Company, Misr Life Insurance Company, Allianz Life Insurance- Egypt, Metlife-Egypt, AXA Egypt Insurance, AXA Life Insurance- Egypt (SAE), Allianz Insurance – Egypt, and Egyptian Life Takaful Company.
Egypt Insurance Industry, by Company
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Market Report Overview
Market Size (2021) | $3 billion (GWP) |
CAGR | >11% |
Key Segments | Life Insurance and General Insurance |
Key Companies | Misr Insurance Company, Misr Life Insurance Company, Allianz Life Insurance- Egypt, Metlife-Egypt, AXA Egypt Insurance, AXA Life Insurance- Egypt (SAE), Allianz Insurance – Egypt, and Egyptian Life Takaful Company |
Scope
This report provides:
- Comprehensive analysis of the Egypt insurance industry.
- Historical values for the Egypt insurance industry for the report’s review period and projected figures for the forecast period.
- A detailed analysis of the key categories in the Egypt insurance industry, and market forecasts to 2026.
- Profiles of the top life insurance companies in Egypt and outlines the key regulations affecting them.
Reasons to Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Egypt insurance industry, and each category within it.
- Understand the demand-side dynamics, key market trends, and growth opportunities in the Egypt insurance industry.
- Assess the competitive dynamics in the Egypt insurance industry.
- Identify growth opportunities and market dynamics in key product categories.
Misr Life Insurance Company
Allianz Life Insurance- Egypt
Metlife-Egypt
AXA Egypt Industry
AXA Life Industry- Egypt (SAE)
Allianz Insurance - Egypt
Egyptian Takaful Property and Liability Insurance
Table of Contents
Frequently asked questions
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What was the Egypt insurance industry gross written premium in 2021?
The gross written premium of Egypt insurance industry was $3 billion in 2021.
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What is the Egypt insurance industry growth rate?
The Egypt insurance industry is expected to achieve a CAGR of more than 11% during the forecast period.
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What are the key segments of the Egypt insurance industry?
The key segments of the Egypt insurance industry are life insurance and general insurance.
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What are the key companies in the Egypt insurance industry?
Some of the key insurance companies in Egypt are Misr Insurance Company, Misr Life Insurance Company, Allianz Life Insurance- Egypt, Metlife-Egypt, AXA Egypt Insurance, AXA Life Insurance- Egypt (SAE), Allianz Insurance – Egypt, and Egyptian Life Takaful Company.
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