The Egyptian insurance sector has experienced significant growth in the number of professionals, with a 14.2% increase to reach 17.5 thousand by the end of June 2026. This growth is attributed to an increase of 2.2 thousand professionals from the previous year. The data, released by the Egyptian Financial Supervisory Authority, highlights the expansion of insurance-related professionals in the Egyptian market.
The growth in professionals is primarily driven by an increase in insurance brokers, who are individuals licensed to practice in the field. The number of insurance brokers from natural persons rose to 16,721 by the end of June 2026, up from 14,543 in June 2025. This represents a 15% growth and an increase of 2,178 brokers. Additionally, the number of insurance brokers from legal persons grew to 99 entities, up from 96 entities in the same period last year.
The insurance sector also witnessed an increase in insurance experts and consultants. The number of insurance experts from natural persons rose to 331 by the end of June 2026, up from 329 in June 2025. However, the number of insurance experts from legal persons decreased to 8 entities, down from 9 entities in the same period last year. Furthermore, the number of experts in damage assessment and estimation from natural persons grew to 299 by the end of June 2026, up from 295 in June 2025.
In contrast, the number of experts in damage assessment and estimation from legal persons decreased to 26 entities by the end of June 2026, down from 32 entities in June 2025. This represents a decline of 6 entities. The data also shows that the number of actuaries remained unchanged at 50 experts from natural persons by the end of June 2026, compared to the same period last year.
The growth in insurance professionals highlights the importance of insurance-related occupations in the Egyptian market. Insurance brokers from natural persons accounted for the largest share of professionals in the sector, driven by an annual increase of 2,178 brokers. The data suggests that the insurance sector is expanding, with an increasing number of professionals involved in marketing insurance products and services.
The Egyptian Financial Supervisory Authority's data also reveals that the number of professionals in the sector has been increasing steadily. The authority attributes the decline in some categories to the removal of names from its records. The growth in insurance professionals is expected to contribute to the development of the insurance sector in Egypt.
The insurance sector's growth is significant, with insurance brokers from natural persons driving the expansion. The sector's development is crucial for the Egyptian economy, as it provides essential services to individuals and businesses. The growth in professionals is expected to enhance the sector's capacity to provide insurance products and services to a wider range of customers.
Key points
- The Egyptian insurance sector witnessed a 14.2% growth in professionals, reaching 17.5 thousand by June 2026.
- Insurance brokers from natural persons drove the growth, increasing by 2,178 to 16,721 by the end of June 2026.
- The sector's growth highlights the importance of insurance-related occupations in the Egyptian market.
