Mohandes Insurance

What Mohandes Insurance does

Mohandes Insurance is a Cairo-headquartered, publicly listed general and life insurance carrier operating in Egypt under EGX ticker MOIN. Founded in 1980 as the insurance arm affiliated with the Egyptian Syndicate of Engineers, the company underwrites 25+ general insurance lines (including motor, fire, marine, engineering, medical, and liability) and a life insurance suite spanning 15+ profit-sharing programs, plus a Shariah-compliant cooperative Takaful product. Distribution is anchored by 20+ branches across Egypt, a 24/7 service hotline (19318), and online quote, renewal, and complaint portals. The company sells on a quote-based premium pricing model, serving retail policyholders, SMEs, and institutional clients.

The shareholder base is dominated by captive institutional anchors — the Egyptian Syndicate of Engineers Pension Fund holds 33.20%, Egyptian Kuwaiti Holding (now Valmore Holding) holds 24.99%, House of Expertise/Technolise holds 22.13%, and the Suez Canal Authority Insurance Fund holds 9.999% — providing built-in distribution channels into the engineering and government-affiliated segments. Paid-up capital stands at EGP 650 million against authorized capital of EGP 1 billion. The company has continuously operated since inception and was recognized among the Top 100 companies on the EGX for four consecutive years through 2020. Leadership currently rests with Chairman Abdullah Khalid Abdullah and CEO & Managing Director Khaled Abd El Sadek, who was appointed on August 18, 2021. Revenue mechanics follow standard insurance carrier economics: premium collection net of claims, reserves, and reinsurance, supplemented by investment income on float.

Name

Mohandes Insurance

Legal name

Mohandes Insurance Company (شركة المهندس للتأمين)

Website

https://mohins.com

Company type

Public

Founded year

1980

Operating status

Operating

Headcount range

101–250 employees

Short description

Mohandes Insurance (EGX: MOIN) is an Egyptian general and life insurance carrier founded in 1980, offering 25+ general lines, life insurance, and Takaful products through 20+ branches, anchored by the Egyptian Syndicate of Engineers Pension Fund.

Ownership category

akta.pro rank

Product category

Multi-line Insurance (General and Life)

NAICS

Direct Life, Health, and Medical Insurance Carriers (52411), Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421)

SIC

Life Insurance (6311), Insurance Agents, Brokers & Service (6411), Accident & Health Insurance (6321), Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro primary industry

Whole Life Insurance (FSAIABAA)

akta.pro secondary industries

Universal Life (UL) Insurance (FSAIABAB), Simplified Issue Whole Life / UL Insurance (FSAIABAH), Takaful Bancassurance (Islamic Insurance Distribution) (FSABAGAM)

Keywords

• General insurance
• Life insurance
• Engineering insurance
• Marine cargo insurance
• Motor insurance

Headquarters

HQ city

Gîza

HQ country

Egypt

HQ region

Africa

Offices23 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. General Insurance Premiums: Recurring annual premiums earned across 25+ general insurance lines including fire, burglary, political violence, engineering (CAR/EAR, machinery breakdown, contractors' equipment, electronic equipment, deterioration of contents), marine cargo, hull, motor (compulsory and comprehensive), group medical, personal accident, travel, money-in-transit, fidelity, glass breakage, family/home, and civil/employer's/professional liability. Premiums are renewed annually with policyholder retention across multiple coverage types.
2. Life Insurance Premiums (with profit-sharing / savings / Takaful): Long-duration life insurance contracts including endowment, term, decreasing-term, whole-life-with-profits, deferred-payment, double-life, child protection, engineer-increasing, silver mixed-program, dual, triple, and quadruple policies with annual profit participation, plus an Islamic-cooperative (Takaful) savings-investment program (unit value EGP 5,000). Premiums collected over multi-year terms with profit-sharing components.
3. Investment and Interest Income on Insurance Reserves: Earned on float generated by unearned premium reserves, outstanding claims reserves, and shareholders' equity (capital of EGP 650 million paid-up against EGP 1 billion authorized), as referenced in the financial statements archive dated through Q3 2023.
4. Risk-Based Premium Pricing: Quote-based pricing engine where premiums are individually calculated based on insured's age, coverage duration, sum insured, geographic scope, and risk profile (e.g., engineer professional liability priced by activity type and project count).

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Mohandes Insurance is an Egyptian joint-stock insurance company that underwrites and distributes a multi-line insurance portfolio covering general insurance (fire, burglary, political violence, engineering/construction all-risk, marine cargo and hull, group medical, motor, personal accident, travel, household, liability and other miscellaneous accident classes) and life insurance (savings, term, endowment, decreasing-term, profit-sharing programs and a Shariah-compliant Cooperative Takaful savings-investment product). Products are sold across Egypt through 20+ branches, an online portal (mohins.com), and a 24-hour hotline (19318) to both individual consumers and corporate clients.

Product overview

Mohandes Insurance (شركة المهندس للتأمين) operates a multi-line insurance portfolio organized into six general insurance categories plus a comprehensive life insurance suite, structured as a category-plus-modules architecture rather than a single unified product. The general insurance offering is grouped into: (1) Fire and Burglary, encompassing the Fire Insurance Policy, Burglary Insurance Policy, Property Against Political Violence Policy, Multi-Coverage Insurance Policy, Comprehensive Industrial Risks Insurance, and Comprehensive Hotel and Tourist Resort Insurance; (2) Engineering Insurance, covering Contractors' All Risks, Erection All Risks, Contractors' Plant and Machinery, Machinery Breakdown, Deterioration of Contents, and Electronic Equipment policies; (3) Transport and Ship Hulls, comprising Cargo Transport Insurance (marine, air, land, inland waterway) and Ship Hull Insurance (build/operate, with London Institute clauses); (4) Group Medical Treatment Insurance covering hospitalization, surgery, outpatient care, optical, dental, maternity, chronic and critical illness; (5) Compulsory and Comprehensive/Complementary Motor Insurance; and (6) Miscellaneous Accidents and Liability, spanning Personal Accident, Elevator Civil Liability, Construction Civil Liability, Doctors' Professional Liability, General Third-Party Civil Liability (products), Employer's Liability, Engineers' Professional Liability, Travel Risks, Glass Breakage, Family and Home Protection, Cash-in-Transit, and Fidelity Guarantee policies. The Life Insurance suite offers Savings Insurance, Temporary Insurance, Mixed Insurance, and Decreasing Term Insurance alongside fifteen profit-sharing endowment, lifetime, and family-protection programs (Mixed with Profit Sharing, Deferred Payment with Profit Sharing, Temporary, Lifetime, Two-Lives, Mohandes, Decreasing Temporary, Takaful Savings/Investment Cooperative, Children Protection, Silver Mixed, Dual, Triple, Quadruple, Temporary with Premium Refund, and Increasing Mohandes). Supporting online services include a quote request portal, policy renewal form, and complaints/incident reporting channel. The company is registered with the Egyptian Insurance Regulatory Authority under registration number 6 for year 1980, with authorized capital of EGP 1 billion and paid-up capital of EGP 650 million. Ownership is held by the Egyptian Syndicate of Engineers Pension Fund (33.20%), Egyptian Kuwaiti Holding Company (24.990%), House of Expertise for Leasing - Technolease (22.13%), the Suez Canal Authority Insurance Fund (9.999%), and others (9.68%).

Differentiator

Problem solved

Functional benefit

Products and services

• Fire Insurance Policy (Fire and Additional Perils) Property insurance covering buildings and contents against fire, lightning, natural gas/LPG explosion, post-explosion fire, and self-ignition, with optional additional perils including boiler/pressure vessel explosion, riots/strikes, sabotage/terrorism, loss of rent, tenant/employer/third-party liability, water tank damage, natural hazards, vehicle/aircraft impact, sprinkler leakage, debris removal, and consequential loss of profits.
• Burglary Insurance Policy Covers theft involving violence or force, including break-in robbery, armed/extortion robbery against the insured or staff, damage to premises and safes during burglary or attempted burglary, with extensions available for riots/civil commotion, extended unoccupancy, exterior display goods, and sub-leased premises.
• Property Against Political Violence Insurance Indemnifies the insured for material damage to insured property (building or contents) caused by terrorism, sabotage, riots and labor strikes, civil disturbances, deliberate damage, armed rebellion, revolution or conspiracy, revolt or military coup, war or civil war.
• Multi-Coverage Insurance Policy Bundle policy offering simplified, low-cost coverage combining fire, burglary, additional perils, and glass breakage in one document, aimed at small offices, clinics, labs, consulting offices, pharmacies, cooperatives, workshops, homes, and small commercial establishments.
• Comprehensive Industrial Risks Insurance Broad industrial cover bundling fire and additional perils, burglary, employee fidelity, cash-in-transit, glass breakage, machinery breakdown, deterioration of stock, and loss of revenue for industrial policyholders.
• Comprehensive Hotel and Tourist Resort Insurance All-in-one cover for hotels, tourist villages, and resorts grouped into four modules: fire and additional perils (including gross profit loss), miscellaneous accidents (burglary, fidelity, cash-in-transit, glass breakage), liabilities (third-party and parking), and engineering (machinery breakdown, deterioration of stock).
• Contractors' All Risks (CAR) Insurance Cover for permanent and temporary works of civil construction projects (residential/administrative towers, hotels, schools, factories, hospitals, airports, roads, bridges, water and sewer lines) from delivery of materials through construction and maintenance, including third-party liability.
• Erection All Risks (EAR) Insurance Cover for industrial and service projects (factories, power and water stations) during storage, erection, testing, and commissioning up to maintenance completion, including fire/lightning, theft, electrical short circuit, erection errors, aircraft impact, natural perils, and third-party liability.
• Contractors' Plant and Machinery Insurance Cover for contractor equipment such as cranes, excavators, crushers, mixers, and loaders used in construction against accidental material damage including fire/burglary, operating errors, collision/overturning, natural perils, transit between sites, and during rest/maintenance periods.
• Machinery Breakdown Insurance Sudden and unforeseen physical loss/damage to machinery and equipment (boilers, turbines, generators, transformers, production lines), covering negligence, deliberate damage, design errors, electrical short circuits/overvoltage, physical explosion, centrifugal force, and boiler water shortage, including during rest and overhauls.
• Deterioration of Contents (Stock) Insurance Cover for stock stored in cold/refrigerated storage suffering damage from temperature changes caused by sudden accidental failure of refrigeration equipment, covering physical explosion, power interruption, negligence, and design errors.
• Electronic Equipment Insurance Cover for accidental material damage to electronic equipment (computers, medical devices, communications gear, data storage) including fire/explosion, smoke, water/humidity, electrical short circuit, operator error, burglary, deliberate acts, and damage from firefighting systems, plus cost of data re-storage/transfer.
• Cargo Transport Insurance Marine cargo cover under London Institute clauses (A, B, C, Total Loss, War, Strikes), plus overland transport cover and inland Nile river transport cover for goods in transit.
• Ship Hull Insurance Cover for ships of all types including launches and yachts during build or operating phases, using London Institute clauses (Builders' Risks, Time, Yacht, War and Strikes) approved by the Egyptian Insurance Federation.
• Group Medical Treatment Insurance Group health insurance covering hospitalization, surgery and specialist/surgeon/anesthetist fees, outpatient treatment (consultations, X-ray, CT, MRI, lab tests, physiotherapy), prescribed medication, optical, dental, maternity, chronic disease, and critical illness coverage.
• Compulsory Motor Insurance Mandatory third-party bodily injury liability cover for vehicle use, indemnifying third parties for bodily injury caused by the insured vehicle.
• Comprehensive / Complementary Motor Insurance Voluntary cover for material damage to the insured vehicle and third-party property damage (up to EGP 10,000 base, extendable) plus optional passenger personal accident cover, covering total loss/overturning, fire/lightning/self-explosion, theft, and deliberate third-party acts.
• Personal Accident Insurance Provides a monetary benefit to the insured or heirs in cases of total or partial permanent disability, temporary total disability, or death resulting from an accident.
• Elevator Civil Liability Insurance Covers the insured's legal third-party liability for bodily injury arising from use of an elevator owned by the insured.
• Construction Civil Liability Insurance Civil liability cover for engineers and contractors during execution and for the owner during the ten-year defect liability period for damage to third parties from total or partial collapse of buildings/structures.
• Doctors' Professional Liability Insurance Covers the physician's civil liability for bodily injury or death of third parties caused by professional errors or omissions, defending lawsuits filed during the insurance period.
• General Third-Party Civil Liability (Products) Insurance Covers the insured's legally established and final civil liability for bodily injury to third parties resulting from their use of the insured's products.
• Employer's Liability Insurance Covers the employer's (insured) liability toward employees for accidents occurring during, because of, and within the work period.
• Engineers' Professional Liability Insurance Covers amounts the insured becomes legally liable to pay under Egyptian civil law for bodily injury or material damage resulting from negligence or failure of the insured or subordinates in professional practice; duration matches the project execution period (or annual for multi-project office coverage).
• Travel Risks Insurance Travel insurance covering emergency medical care including hospitalization, surgery, physician fees and medication; personal accident (death and disability); emergency dental; extended stay abroad due to illness/injury; companion travel and stay if hospitalized more than five days; repatriation of remains; and lost baggage on scheduled flights.
• Glass Breakage Insurance Covers all types of insured glass against unintentional breakage by the insured or users, building subsidence, deliberate third-party acts, or brawl-related breakage.
• Family and Home Protection Insurance Covers loss/damage to home contents from fire, explosion, water, natural perils, or deliberate acts of non-family third parties (with rent compensation if home becomes uninhabitable); personal accident for the insured and spouse; and civil liability toward the landlord or third parties.
• Cash-in-Transit Insurance Covers material losses suffered by the insured from armed robbery, loss, or damage beyond the control of the person assigned to transport or accompany cash in transit.
• Fidelity Guarantee / Employee Dishonesty Insurance Indemnifies the insured (employer) for material losses to money or property caused by the employee's crime of breach of trust or embezzlement in the course of their duties.
• Savings Insurance Provides coverage if the insured survives to the end of the chosen term, with the insurer paying the sum assured to the insured; if the insured dies before term end, premiums are refunded to beneficiaries (or contract terminates without payment, per insured's choice). Issued without medical exam for long terms (typically 30+ years).
• Temporary (Term) Life Insurance Pure protection insurance for a defined period: the insurer pays the sum assured to beneficiaries only if the insured dies during the term; if the insured survives, the contract ends without payment. Pricing based on age at entry and term length; option to add accidental death and total permanent disability riders.
• Mixed (Endowment) Life Insurance Combines term insurance with savings: insurer pays beneficiaries if the insured dies within the term (typically up to retirement age), or pays the sum assured to the insured personally if alive at term end. Includes option to add accidental death and total permanent disability riders; issued without medical exam up to EGP 50,000.
• Decreasing Term Life Insurance Term insurance where the sum assured declines over time to match the outstanding balance of a loan or installment purchase, with the insurer paying the remaining balance to beneficiaries upon the insured's death. Suited to bank loans and installment sales; issued without medical exam up to EGP 30,000.
• Profit-Sharing Endowment and Family Protection Life Programs Suite of profit-sharing (with-profits) life programs including: Mixed Program with Profit Sharing, Deferred Payment Program with Profit Sharing, Temporary Program, Lifetime Program with Profit Sharing, Two-Lives Mixed Program with Profit Sharing, Mohandes Program with Profit Sharing, Decreasing Temporary Program, Cooperative Policy (Takaful Savings Investment), Children Protection Program with Profit Sharing, Silver Mixed Program with Profit Sharing, Dual Policy Program, Triple Policy Program, Quadruple Policy Program, Temporary with Premium Refund Program, and Increasing Mohandes Program with Profit Sharing. Features vary by program and include periodic profit allocation, annual draws, paid-up conversion options, takaful (Sharia-compliant) structures, and family/children protection riders.

Quantifiable outcome

• Target complaint resolution within one week of receipt (per company policy)
• +3 more outcomes

Segments8 records

Ideal customer profiles8 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Egyptian Financial Regulatory Authority (FRA) / الهيئة العامة للرقابة الماليةcoreOthersRegulatory and complaints oversight body. Customers may submit complaints directly to the Chairman or escalate to the FRA; the company responds to FRA-routed complaints and targets resolution within one week of receipt. Also registers Mohandes Insurance's insurance experts (e.g., CEO Khaled Abd El Sadek).

Scale indicators7 records

Expansion highlights5 records

Broad incumbents

• GIG Egypt (formerly AIG Egypt): General Insurance Corporation of Egypt offers general insurance products across multiple lines and competes directly with Mohandes Insurance on motor, property, engineering, and medical products in the Egyptian market.
• Allianz Egypt: Egyptian subsidiary of Allianz Group offering property, motor, marine, engineering, liability and life insurance; competes head-to-head with Mohandes Insurance on commercial P&C and is positioned as a better-capitalized multinational alternative for large corporate risks.
• AXA Egypt: Multinational P&C and life insurer operating in Egypt with broad general insurance offerings (motor, property, medical, engineering); overlaps substantially with Mohandes Insurance's general insurance portfolio but benefits from global AXA reinsurance and brand.

Direct peers

• Al Baraka Insurance Egypt (Baraka for Cooperative Insurance): Egyptian Shariah-compliant cooperative insurer offering family Takaful and general Takaful products; competes with Mohandes Insurance's Takaful and life insurance offerings for Muslim retail and corporate customers in Egypt.
• Misr Insurance Company: Egypt's state-backed flagship insurer offering general and life insurance across 25+ lines; directly comparable to Mohandes Insurance in product breadth, branch reach, and target segments, and the most direct domestic competitor (Mohandes' CEO previously served as Misr Insurance MD).
• National Insurance Company of Egypt (Misr El-Takamol): One of Egypt's larger state-affiliated insurers offering general insurance (fire, marine, motor, engineering) and life insurance; competes with Mohandes Insurance across most product lines and serves similar corporate and retail segments.
• Suez Canal Insurance Company (SCInsurance): Egyptian insurer affiliated with the Suez Canal Authority ecosystem offering general insurance across property, marine, and engineering; competes with Mohandes Insurance on engineering and marine lines and shares some institutional shareholder context via the Suez Canal Authority Insurance Fund.
• Egyptian Takaful Insurance Company (EGYTakaful): Egyptian Shariah-compliant insurer offering family Takaful, general Takaful, and savings-investment products; directly competes with Mohandes Insurance's Cooperative Takaful product and other Islamic finance offerings in the Egyptian market.

Regional players

• QNB Life Insurance (formerly Alico Egypt / MetLife Egypt): Life insurance provider in Egypt offering savings, endowment, term, and credit-linked life products; directly comparable to Mohandes Insurance's life and Takaful suite in the Egyptian retail and group life market.

Emerging players

• Bupa Egypt: Specialist health insurer in Egypt offering group medical, individual health, and critical-illness cover; competes with Mohandes Insurance's Group Medical Treatment Insurance line for employer-sponsored schemes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mohandes Insurance