Business insurance · Egypt · Head-to-head
Allianz Insurance Company Egypt vs Misr Insurance Company
Two Egypt business insurance options, compared side by side for Egypt trades.
Which should you choose?
Allianz Insurance Company Egypt and Misr Insurance Company are both Tier A, which every business insurance entry without a reputation warning receives, so the tier does not separate them. Weigh the pros, cons, pricing and Egypt-specific notes below against your trade and region.
Allianz Insurance Company Egypt
Tier A · ListedAllianz Group's Egyptian non-life insurer, with a published engineering cover range
Allianz Insurance Company - Egypt is the non-life arm of Allianz in Egypt, which says it began in 1976 as a shareholder in Arab International Insurance Company, raised its stake to 85% in 2000 and has traded as Allianz since 2004. It is licensed by the Financial Regulatory Authority (No. 2001/13) and lists engineering, liability, property, marine and motor cover for businesses. Its engineering page names five covers and says Allianz offers risk-management consultancy to clients.
Pros
- + Engineering covers listed: CAR, EAR, plant and machinery, machinery breakdown, electronic equipment
- + Risk-management consultancy offered to clients
- + Serves construction, infrastructure, power and civil-engineering projects
- + Part of Allianz Group; in Egypt since 1976
Cons
- − No published rates or online quote for engineering cover
- − Professional indemnity not listed on the engineering page
- − No decennial liability listed on the engineering page
- − Hotline open Sunday-Thursday, 9am-6pm only
Egypt note
Allianz Egypt's engineering page names five covers (CAR, EAR, contractors' plant and machinery, machinery breakdown and electronic equipment) and the sectors it serves, so you can see what is on offer before asking for a quote. Allianz Insurance Company - Egypt is FRA-licensed under No. 2001/13.
Misr Insurance Company
Tier A · ListedState-owned Egyptian general insurer, founded 1934, with a full engineering line
Misr Insurance was founded in 1934 by Talaat Harb and is owned through Misr Holding for Insurance, whose shares Presidential Decree No. 102 of 2023 moved in full to The Sovereign Fund of Egypt, according to the company. Al Chark Insurance and the Egyptian Reinsurance Company merged into it in 2007. It is supervised by the Financial Regulatory Authority under licence No. 1 and says its paid-up capital is EGP 8 billion.
Pros
- + Engineering line covers CAR, EAR, contractors' plant and machinery, machinery breakdown
- + Owned via The Sovereign Fund of Egypt
- + Paid-up capital of EGP 8 billion (company figure)
- + FRA-supervised, licence No. 1
Cons
- − No published rates or online quote for engineering cover
- − Engineering page lists products, not limits or exclusions
- − No decennial liability listed on its engineering page
- − Branch count not published
Egypt note
For contractors, Misr Insurance's engineering page lists contractors' all risks, erection all risks, contractors' plant and machinery, machinery breakdown and electronic equipment cover. It is FRA-supervised under licence No. 1, and the Egyptian Reinsurance Company merged into it in 2007.
More Egypt options
See all Egypt business insurance vendors and the rest of the Egypt directory.