Business insurance · Egypt
Suez Canal Insurance (SCI)
Egyptian insurer founded in 1979 under Arab Contractors and the Suez Canal Authority
Market position
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.
Egypt-specific 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.
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
Typical Egypt pricing
Quote-based; no published rates. Enquire through the product form on sci-egypt.com or a branch.
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 Suez Canal Insurance (SCI) a good fit for Egypt trades?
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. 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.
What does Suez Canal Insurance (SCI) cost in Egypt?
Quote-based; no published rates. Enquire through the product form on sci-egypt.com or a branch. Pricing and availability can change by region; confirm current Egypt pricing on the vendor's site before committing.