Gig Egypt
GIG Egypt is a Cairo-based multi-line insurer serving Egyptian individuals and businesses with motor, medical, property, marine, engineering, and cyber coverage. Founded in 1994, it is 99%-owned by Kuwait-listed Gulf Insurance Group and is Egypt's only insurer with both AM Best and Moody's ratings.
- Company typePrivate
- Founded1994
- HeadquartersCairo, Egypt
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Gig Egypt does
GIG Egypt (Gulf Insurance Group Egypt) is a Cairo-based, multi-line general insurance company established in July 1994 under Egyptian Financial Regulatory Authority license number 9 of 1994 and operating under the Egyptian Unified Insurance Law No. 155 of 2024. The company serves both individual and business customers across Egypt through eight principal product lines: motor, personal accidents, home secure, medical, fire and burglary, engineering, marine, and miscellaneous insurance — most recently adding a cyber insurance product ("Cyber Guard") launched in January 2026 covering cyberattacks, ransomware, business interruption, data recovery, forensics, breach notification, and third-party liability.
The company is 99%-owned by Gulf Insurance Group (GIG), a Kuwait Stock Exchange-listed insurance conglomerate established in 1962 and operating across 12 MENA markets. GIG Egypt is the first and only Egyptian insurer to hold global double ratings from both AM Best (A/a Excellent) and Moody's (Ba2). Distribution is omnichannel: an official website with online quote requests, an online customer portal for payments and policy management, a national hotline (19792), and a physical branch network. Pricing is risk-based and policy-level — motor insurance is priced at 2.15%–2.80% of insured value on annual contracts, with deductible structures varying by tier.
Revenue is generated through recurring annual premiums across the product portfolio; no revenue figure is publicly disclosed. Scale indicators — 501–1,000 employees, EGP 1 billion issued capital (EGP 800 million paid-up), the December 2024 acquisition of AIG Egypt, and 15+ industry awards over 2023–2025 — position the company as a mid-tier player in the Egyptian general insurance market. Recent strategic actions include the AIG Egypt acquisition, Cyber Guard launch, FRA Decree 149/2026 corporate restructuring, gold sponsorship of Insurtech Challenge 2026, and CSR partnerships with Baheya and El Ahly foundations.
Gig Egypt firmographics
Firmographics- Name
- Gig Egypt
- Legal name
- Gulf Insurance Group Egypt (GIG Egypt)
- Website
- https://gig.com.eg
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- GIG Egypt is a Cairo-based multi-line insurer serving Egyptian individuals and businesses with motor, medical, property, marine, engineering, and cyber coverage. Founded in 1994, it is 99%-owned by Kuwait-listed Gulf Insurance Group and is Egypt's only insurer with both AM Best and Moody's ratings.
- Ownership category
- akta.pro rank
Where Gig Egypt is headquartered
LocationHeadquarters
- HQ city
- Cairo
- HQ country
- Egypt
- HQ region
- Africa
Offices1 record
Markets served
Gig Egypt business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Property and Casualty Insurance Premiums: GIG Egypt generates revenue through collecting insurance premiums from policyholders across multiple insurance products including motor, personal accidents, home, medical, fire/burglary, engineering, marine, and miscellaneous insurance lines.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Motor Insurance - Standard Policy |
| Subscription | Annual | Motor Insurance - Golden Policy (No Deductible) |
| Subscription | Annual | Medical Insurance - Annual Premium |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Gig Egypt product offering
Product offeringCore offering
GIG Egypt is a general insurance company that underwrites and sells property and casualty insurance policies across multiple lines, including motor, personal accidents, home, medical, fire and burglary, engineering (CAR/EAR/CPM/MBD), marine cargo and transit, miscellaneous liability (public liability, professional indemnity, employer liability, fidelity guarantee), and the recently launched Cyber Guard electronic data protection policy. The company serves both individual consumers and commercial clients in Egypt through its own website, customer portal, branch network, hotline, and mobile app for policy administration, premium payment, and claims submission.
Product overview
GIG Egypt is a joint stock insurance company established in 1994, regulated under the Egyptian Unified Insurance Law No. 155 of 2024. It offers a comprehensive portfolio of personal and commercial lines insurance products. The main product categories include Motor Insurance, Personal Accidents, Home Secure, Medical Insurance, Miscellaneous Insurance (including Public Liability, Professional Indemnity, and Cyber Risk), Fire and Burglary, Engineering, and Marine Insurance. GIG Egypt also recently launched Cyber Guard, an Electronic Data Protection Policy providing comprehensive cyber insurance coverage. The company is a member of the Federation of Egyptian Insurance Companies and the Arab Insurance Federation, with issued capital of EGP 1 billion and paid-up capital of EGP 800 million.
Differentiator
Problem solved
Functional benefit
Products and services
- Motor Insurance Comprehensive vehicle insurance covering damage, theft, and third-party liability, offered in Standard (2.15% premium with deductible) and Golden (2.80% premium with no deductible) variants for individual and commercial vehicle owners.
- Personal Accidents Insurance Insurance coverage for personal accidents providing financial protection against accidental death, disability, and related expenses for individuals.
- Home Secure Insurance Insurance coverage for residential properties covering damage, theft, and related risks to homes and contents for homeowners and renters.
- Medical Insurance Health insurance coverage including inpatient services, outpatient clinics, lab tests, dental, vision, maternity, chronic and critical illness coverage, treatment, and organ transplants, with local networks (MedNet, EgyCare) and international medical insurance through NextCare and April International; currently available for groups.
- Fire and Burglary Insurance Insurance coverage for fire damage, burglary, and water damage from fire extinguishing efforts, with optional coverage for natural disasters and additional protections, for residential and commercial properties.
- Engineering Insurance Coverage for contractors' all risk (CAR), erection all risk (EAR), contractors' plant and machinery (CPM), machinery breakdown (MBD), deterioration of stock (DOS), and electronic equipment insurance (EEI) for construction and industrial projects.
- Marine Insurance Insurance coverage for marine and inland transport, including annual policies, war coverage, yachts and vessels, warehouse-to-warehouse coverage, theft coverage, and authority rejection coverage for goods in transit.
- Miscellaneous Insurance Includes Public Liability, Professional Indemnity, Automobile Liability, Employer Liability, Cash In Transit, Fidelity Guarantee, and Cyber Risk Insurance coverage for businesses and professionals.
- Cyber Guard Comprehensive cyber insurance solution covering cyberattacks, ransomware, business interruption, data/systems/digital asset recovery costs, forensic investigations, legal advisory services, breach notification, and third-party liability arising from data breaches or digital failures, with a flexible structure and streamlined underwriting requirements.
Quantifiable outcome
- GIG Egypt won more than 15 prestigious awards from regional and international bodies over 3 years
Companies that use Gig Egypt
Customer profileNamed customers2 records
Segments8 records
Ideal customer profiles2 records
Gig Egypt technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Gig Egypt partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Gulf Insurance GroupcoreGulf Insurance Group is the parent company holding 99% of GIG Egypt. Gulf Insurance Group was established in 1962 and is a public shareholding company listed on Kuwait Stock Exchange. It is a consistent market leader in Kuwait and among the largest and most diversified insurance groups in the MENA region with operations in Kuwait, Jordan, Bahrain, Egypt, UAE, Saudi Arabia, Turkey, Algeria, Oman, Qatar, Iraq, and Lebanon.
Scale indicators4 records
Recent moves5 records
Expansion highlights5 records
Gig Egypt competitors and assessment
Company assessmentDirect peers
- Misr Insurance: Egypt's largest state-owned general insurance company offering motor, property, marine, and engineering lines. Most directly comparable to GIG Egypt as the dominant multi-line P&C player in the Egyptian market.
- Mohandes Insurance: One of Egypt's largest private-sector insurers providing motor, fire, marine, engineering, and medical coverage. Directly comparable as a major Egyptian multi-line insurer competing head-to-head with GIG Egypt.
- Delta Insurance: Egyptian insurance company offering motor, property, marine, and engineering insurance products. Comparable peer operating in the same Egyptian general insurance market as GIG Egypt.
- Allianz Egypt: Egyptian arm of Allianz Group providing personal and commercial lines. Comparable as a multi-line insurer serving Egypt with international brand backing and similar product breadth.
- MetLife Egypt: Egyptian operation of MetLife offering life and health insurance with group benefits offerings. Comparable peer in the Egyptian insurance market, particularly in group medical where GIG Egypt also competes.
- Al Baraka Insurance Egypt: Egyptian insurer offering general insurance lines including motor, fire, and engineering coverage. Competes with GIG Egypt in the Egyptian general insurance market, providing another domestic multi-line benchmark.
- Egypt Insurance Company: Established Egyptian insurer offering general insurance products including motor, fire, marine, and liability coverage. Competes with GIG Egypt in the Egyptian general insurance market.
- AXA Egypt: Egyptian arm of AXA Group offering motor, medical, property, and personal insurance. Directly competes with GIG Egypt across personal and commercial lines in Egypt.
Regional players
- Walaa Cooperative Insurance: Major Saudi Arabian multi-line insurance company offering motor, property, marine, and engineering products. Comparable as a MENA multi-line P&C insurer, though operating primarily in Saudi Arabia rather than Egypt.
Broad incumbents
- Gulf Insurance Group (GIG Kuwait): Parent company of GIG Egypt, listed on Kuwait Stock Exchange and operating across 12 MENA countries. Provides capital, reinsurance, and operational direction; the broader portfolio gives a benchmark for valuation and strategy.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Gig Egypt social profiles
Digital presenceGig Egypt financial estimates
Financial estimateRevenue estimate
Valuation estimate
Gig Egypt leadership team
Management profileNumber of profiles
Profiles8 records
Gig Egypt funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Gig Egypt M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Gig Egypt
What does Gig Egypt do?
GIG Egypt is a general insurance company that underwrites and sells property and casualty insurance policies across multiple lines, including motor, personal accidents, home, medical, fire and burglary, engineering (CAR/EAR/CPM/MBD), marine cargo and transit, miscellaneous liability (public liability, professional indemnity, employer liability, fidelity guarantee), and the recently launched Cyber Guard electronic data protection policy. The company serves both individual consumers and commercial clients in Egypt through its own website, customer portal, branch network, hotline, and mobile app for policy administration, premium payment, and claims submission.
Is Gig Egypt a public or private company?
Gig Egypt is a private company. It is classified as corporate owned and is currently operating.
When was Gig Egypt founded?
Gig Egypt was founded in 1994. It employs 501 to 1,000 people.
Where is Gig Egypt based?
Gig Egypt is headquartered in Cairo, Egypt, in the Africa region.
How does Gig Egypt make money?
One revenue line is on record: property and Casualty Insurance Premiums.
Who are Gig Egypt's main competitors?
Direct peers on record are Misr Insurance, Mohandes Insurance, Delta Insurance, Allianz Egypt, MetLife Egypt, Al Baraka Insurance Egypt, Egypt Insurance Company and AXA Egypt. Walaa Cooperative Insurance is listed as a regional player. Gulf Insurance Group (GIG Kuwait) is listed as a broad incumbent.
Does Gig Egypt have an API?
No public API is recorded for Gig Egypt.