Business insurance · Egypt · Head-to-head
Allianz Insurance Company Egypt vs Mohandes Insurance Company
Two Egypt business insurance options, compared side by side for Egypt trades.
Which should you choose?
Allianz Insurance Company Egypt and Mohandes 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.
Mohandes Insurance Company
Tier A · ListedEGX-listed Egyptian insurer with a full engineering line, from contractors' all risk to decennial liability
Mohandes Insurance Company is an Egyptian joint-stock insurer licensed in 1980 (licence No. 6) and listed on the Egyptian Exchange under the ticker MOIN. Its website names the Engineers' Syndicate pension fund as its largest shareholder (33.2%) and gives a paid-up capital of EGP 650 million. In February 2025 AM Best described it as a non-life insurer operating only in Egypt with about 3% of the market by gross written premiums.
Pros
- + Engineering line covers contractors' all risk, erection all risk, contractors' plant and machinery, machinery breakdown and electronic equipment
- + Offers professional indemnity for engineers and decennial liability cover
- + Listed on the Egyptian Exchange, so its financial statements are public
- + Branches across Egypt, including Alexandria, Port Said, Suez, Mansoura and Assiut, plus the 19318 hotline
Cons
- − No published premiums; every policy is quoted
- − AM Best noted a high reliance on reinsurance and a net book concentrated in motor
Egypt note
For contractors, the relevant covers on Mohandes's website are contractors' all risk, erection all risk, contractors' plant and machinery, professional indemnity for engineers and decennial liability for engineers' and contractors' civil liability. The head office is at 3 Midan Al-Mesaha, Dokki, Giza.
More Egypt options
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