Business insurance · Egypt · Head-to-head
Allianz Insurance Company Egypt vs Suez Canal Insurance (SCI)
Two Egypt business insurance options, compared side by side for Egypt trades.
Which should you choose?
Allianz Insurance Company Egypt and Suez Canal Insurance (SCI) 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.
Suez Canal Insurance (SCI)
Tier A · ListedEgyptian insurer founded in 1979 under Arab Contractors and the Suez Canal Authority
Suez Canal Insurance says it was founded in October 1979 as Egypt's first private-sector insurer, under the umbrella of Arab Contractors and the Suez Canal Authority. It holds FRA licence No. 5 of 1979, says it has 29 branches across all governorates, and lists engineering, fire, marine, motor, medical and accident cover.
Pros
- + Engineering covers: CAR, EAR, civil works, contractors' plant, machinery breakdown, electronic equipment
- + 29 branches across all governorates (company figure)
- + Founded in 1979 with Arab Contractors and the Suez Canal Authority
- + Online enquiry form for each product
Cons
- − No published rates
- − No decennial liability listed on its engineering page
- − Current shareholders not stated on its site
Egypt note
SCI's engineering page lists contractors' all risks, erection all risks, civil works cover, contractors' plant, machinery breakdown and electronic equipment, with an online enquiry form. Its links to Arab Contractors and the Suez Canal Authority date from its 1979 founding; the site does not state who owns it today.
More Egypt options
See all Egypt business insurance vendors and the rest of the Egypt directory.