Egypt: Life insurance performance weighs on market growth in Jan 2026
Source: Middle East Insurance Review | May 2026
Gross insurance premiums in the insurance market in Egypt reached EGP10.9bn ($199m) in the first month of 2026, a 6% decrease from the corresponding month in 2025, according to the Financial Regulatory Authority (FRA).
Non-life insurance premiums reached EGP7.3bn in January 2026, up from EGP7.1bn in the same month of the previous year, an increase of around 3%. However, life insurance business for the same period contracted by almost 21% to EGP3.6bn from EGP4.5bn.
In January 2026, non-life premiums accounted for around 67% of the market GWP, while life operations controlled the remainder (33%) - down from 39% in January 2025.
Paid claims for non-life insurance business in the first month of this year contracted by 27% to EGP1.7bn from EGP2.4bn. Life insurance paid claims grew by 1.4% to EGP2bn. The market’s total paid claims for the same period decreased by 14% to EGP3.8bn. M