Business insurance · Egypt
Mohandes Insurance Company
EGX-listed Egyptian insurer with a full engineering line, from contractors' all risk to decennial liability
Market position
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.
Egypt-specific 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.
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
Typical Egypt pricing
Quote-based; no public premiums. Mohandes takes quote requests and policy renewals through its website.
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 Mohandes Insurance Company a good fit for Egypt trades?
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. 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.
What does Mohandes Insurance Company cost in Egypt?
Quote-based; no public premiums. Mohandes takes quote requests and policy renewals through its website. Pricing and availability can change by region; confirm current Egypt pricing on the vendor's site before committing.