Business insurance · Egypt · Head-to-head
GIG Egypt (Gulf Insurance Group Egypt) vs Mohandes Insurance Company
Two Egypt business insurance options, compared side by side for Egypt trades.
Which should you choose?
GIG Egypt (Gulf Insurance Group 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.
GIG Egypt (Gulf Insurance Group Egypt)
Tier A · ListedGulf Insurance Group's Egyptian non-life insurer, with engineering and liability covers
GIG Egypt says it began insuring in July 1994 and is 99% owned by Gulf Insurance Group, a Kuwait-listed insurer in which Canada's Fairfax Financial raised its stake after KIPCO's exit in December 2023, according to news reports. Atlas Magazine reported in April 2023 that GIG acquired AIG Egypt. GIG Egypt holds FRA licence No. 9 of 1994, states issued capital of EGP 1 billion, and lists CAR, EAR, contractors' plant and machinery and electronic equipment cover.
Pros
- + Engineering covers: CAR, EAR, contractors' plant and machinery, machinery, electronic equipment
- + Online engineering quote form and 19792 hotline
- + Professional indemnity for architects and engineers, plus public liability
- + 99% owned by Gulf Insurance Group
Cons
- − No published rates
- − No decennial liability listed on its product pages
- − Engineering page gives cover names, not limits or exclusions
Egypt note
GIG Egypt takes engineering quote requests online and lists professional indemnity for architects and engineers and public liability alongside CAR and EAR. Decennial liability is not listed on its product pages, so ask if your contract requires it.
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
See all Egypt business insurance vendors and the rest of the Egypt directory.