Business insurance · Egypt
Misr Insurance Company
State-owned Egyptian general insurer, founded 1934, with a full engineering line
Market position
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.
Egypt-specific 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.
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
- + Hotline 19114 and branches in Egypt and abroad
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
Typical Egypt pricing
Quote-based; no published rates. Contact a branch or the 19114 hotline.
Why this matters for Egypt trades
The ETA administers income tax and VAT (general rate 14%) and runs the e-invoicing and e-receipt systems; e-invoicing is mandatory for taxpayers named in its phased decisions, and ETA offers an online tool to check whether a business is covered. Under Law 104 of 1992, no contracting work worth more than EGP 50,000 per operation may be assigned to or carried out by anyone who is not a working member of the EFCBC, which classifies members by specialization and capacity. Under Law 66 of 1974, engineering posts and works may only go to engineers or consulting offices registered with the Egyptian Engineers Syndicate. Companies are incorporated through GAFI’s Investor Services Centers or online; employers pay social insurance contributions on each insured worker’s wage under Law 148 of 2019, administered by NOSI; and inside new cities such as New Cairo, NUCA is the competent planning and building-permit body under Law 119/2008.
Egyptian construction and trades software selection is shaped by the Egyptian Tax Authority’s (ETA) e-invoicing and e-receipt systems, made mandatory in phases by ETA decisions, which require electronically signed invoices sent through integration with ETA’s system. Add VAT at a general rate of 14% (which press reports in October 2025 describe being applied to contracting works), membership of the Egyptian Federation for Construction and Building Contractors (EFCBC) for contracting work above EGP 50,000, Engineers Syndicate registration, social insurance contributions under Law 148 of 2019, and NUCA building permits for sites in the new cities. Some tools listed here price in USD, so their EGP cost moves with the exchange rate.
Frequently asked
Is Misr Insurance Company a good fit for Egypt trades?
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. 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.
What does Misr Insurance Company cost in Egypt?
Quote-based; no published rates. Contact a branch or the 19114 hotline. Pricing and availability can change by region; confirm current Egypt pricing on the vendor's site before committing.