Business insurance · Egypt · Head-to-head
Misr Insurance Company vs Mohandes Insurance Company
Two Egypt business insurance options, compared side by side for Egypt trades.
Which should you choose?
Misr Insurance Company 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.
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.
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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