Misr Insurance
InsuranceGiza, Egypt1001-5000 Employees
Misr Insurance is an Egyptian insurance company with roots dating to 1934, founded by national economist Mohamed Talaat Harb as the first Egyptian-owned and -managed insurer intended to safeguard Egyptian projects and support national development. It operates as part of the Sovereign Fund of Egypt for Investment and Development and is governed by Law 159 of 1981 (as amended), holding license number 1 from the Financial Regulatory Authority. The company is based in Giza, Egypt, and historically contributed to insuring state-owned sectors and development initiatives following nationalization in the 1960s. It has earned high credit ratings, including AAA.EG from AM Best for 2022/2023 and Fitch’s AAA rating for the Egyptian market with a stable outlook, reflecting its financial strength and market position. In its earlier years, Misr Insurance expanded its presence to several Arab states, including Sudan, Libya, and Syria, and established Gulf agencies, though those offices were later converted to local national entities; it remains a prominent insurer within Egypt.
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