Exclusive: market shares of insurance companies in Egypt

This topic tackles the market shares of some insurance companies operating in Egypt by premiums during the first nine months of 2019.

The market share of Egypt’s state-run Misr Insurance by premiums rose 22 percent during the first nine months of this year, the country’s market regulator said on Monday.

Meanwhile, Misr Life Insurance had a market share of 12.8 percent in premium portfolio during the first nine months of 2019, the Egyptian Financial Regulatory Authority (FRA) said in its monthly report.

Allianz Egypt, part of German insurer giant Allianz, ranked third in terms of capturing a market share of around 9.9 percent in premiums, FRA added.

Metlife ALico Insurance-Egypt is in the fourth position in terms of acquiring a market share of 7.6 percent during the first nine months of this year.

“The market share of Life insurance group AXA Egypt recorded around 6.4 percent during the first nine months of the current year, followed by Egyptian Life Takaful Co. – GIG by a market share of 4.3 percent,” FRA said.

Suez Canal Insurance (SCI) is in the seventh position in terms of capturing a market share of 3.3 percent in premiums. The market share of Misr Emirates Takaful Life Insurance Co. (Metlico) registered about 3.2 percent.

A table includes the market share of insurers operating in the Egyptian market during the first nine months of the current year

Company Market share
Misr Insurance 22%
Misr Life Insurance 12.8%
Allianz Egypt 9.9%
Metlife ALico Insurance-Egypt 7.6%
AXA-Egypt 6.4%
Egyptian Life Takaful – GIG 4.3%
Suez Canal Insurance (SCI) 3.3%
Misr Emirates Takaful Life Insurance Co. (Metlico) 3.2%
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