Misr Life Insurance Egypt
About Company
Misr Life Insurance (MLI) stands as the largest life insurance company in Egypt and the Arab region. Furthermore, the company holds the largest paid-up capital, earned premium, and investment portfolio in the market.
Market Reach and Operations
MLI delivers diversified financial protection and savings solutions through a massive corporate infrastructure:
- Customer Base: Today, MLI serves over 1.2 million individual insured clients. Additionally, it manages over 1,000 group policies that cover more than 4.5 million insured members.
- Product Portfolio: The company provides its clients with more than 25 different investment and savings policies and schemes.
- Branch Network: MLI operates a widespread network of more than 145 branches across Egypt.
- International Rating: Consequently, the company is internationally accredited by AM Best, holding a financial strength rating of BB+ for four consecutive years.
Corporate History and Milestones
MLI was officially established under its current name in 2010. This milestone followed a historic strategic merger of the oldest and largest state-owned insurance entities in the country. Therefore, backed by over 120 years of combined expertise, MLI continues to evolve as an insurance pioneer in the region.
The company maintains its market leadership by relying on continuous technological evolution, fostering strategic partnerships, and adopting a strictly customer-centric mindset to meet the needs of individual and corporate clients alike.
The Historical Timeline :
- 1900: The National Insurance Company was established.
- 1931: Elchark Insurance Company was established.
- 1934: Misr Insurance Company was established.
- 1957: The Egyptian Reinsurance Company was established.
- 2010: The official merger consolidated these entities under Misr Life Insurance (MLI).