Egypt Insurtech Market

Egypt Insurtech Market Overview:

The Egypt Insurtech market size reached USD 30.90 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 478.49 Million by 2033, exhibiting a growth rate (CAGR) of 31.52% during 2025-2033. The rise of e-commerce and online transactions is catalyzing the demand for digital insurance, as individuals seek convenience, safety, and seamless integration of insurance services with everyday online activities. Mobile penetration and enhanced connectivity are increasing access to digital insurance, expanding the Egypt Insurtech market share.

Egypt Insurtech Market Trends:

Mobile Penetration and Connectivity

With the increase in smartphone usage, a greater segment of the population is obtaining access to digital insurance services. Mobile applications provide a convenient and effective means for users to discover, buy, and handle insurance policies without having to go to physical locations. Due to extensive internet availability and better mobile network coverage, especially in urban and semi-urban regions, individuals are becoming more willing to embrace mobile-first insurance options. This transition is offering opportunities for Insurtech firms to engage a wider audience, including neglected rural communities, by providing affordable and easily accessible products through mobile platforms. Furthermore, the introduction of 5G services in Egypt in 2025, facilitated by major telecom operators such as Vodafone Egypt, Orange Egypt, e& Egypt, and Telecom Egypt, signifies a crucial step in the nation's digital evolution. This technological progress will improve mobile connectivity and promote emerging technologies like artificial intelligence (AI), Internet of Things (IoT), and smart city solutions. The implementation of 5G enhances the infrastructure needed for Insurtech firms to provide quicker, more dependable services, further speeding up the uptake of mobile-oriented insurance options. As mobile networks continue to expand and improve, the ease and speed of accessing insurance is increasing, contributing to the Egypt Insurtech market growth.

Growing E-Commerce and Online Transactions

With people in Egypt increasingly participating in online shopping and financial transactions, there is a significant rise in the demand for digital insurance offerings. Insurtech firms are leveraging the convenience, accessibility, and safety of e-commerce platforms to provide insurance plans that can be effortlessly acquired online. Individuals, who are progressively at ease with handling their financial services online, now anticipate the same degree of convenience when obtaining insurance. This digital transformation is expanding the potential clientele for Insurtech firms and embedding insurance into the everyday online routines of users. This rise in digital commerce inherently fosters a suitable setting for the growth of online insurance offerings, where convenience and safety are crucial. With an increasing number of people choosing digital options for their financial and insurance requirements, the distinctions between e-commerce and insurance are becoming less clear. The convergence of e-commerce and insurance presents both established companies and startups with novel opportunities to innovate and connect with a broader range of clients. Furthermore, the IMARC Group, the Egypt e-commerce market is expected to reach USD 193.1 Million by 2033, emphasizing the increasing shift towards online purchases.

Egypt Insurtech Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on type, service, and technology.

Type Insights:

• Auto
• Business
• Health
• Home
• Specialty
• Travel
• Others

The report has provided a detailed breakup and analysis of the market based on the type. This includes auto, business, health, home, specialty, travel, and others.

Service Insights:

• Consulting
• Support and Maintenance
• Managed Services

A detailed breakup and analysis of the market based on the service have also been provided in the report. This includes consulting, support and maintenance, and managed services.

Technology Insights:

• Block Chain
• Cloud Computing
• IoT
• Machine Learning
• Robo Advisory
• Others

A detailed breakup and analysis of the market based on the technology have also been provided in the report. This includes block chain, cloud computing, IoT, machine learning, robo advisory, and others.

Regional Insights:

• Greater Cairo
• Alexandria
• Suez Canal
• Delta
• Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Greater Cairo, Alexandria, Suez Canal, Delta, and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Egypt Insurtech Market News:

• In July 2025, Saudi Insurtech Yasmina raised $2 million in a seed round led by Scene Holding to expand its embedded, API-driven insurance platform. Yasmina enables digital platforms to offer personalized insurance products at checkout within 48 hours. The funding will support its expansion into Egypt in 2026.
• In November 2024, Egyptian Insurtech startup Amenli raised $2.3 million in funding led by EBRD Venture Capital, with follow-on investment from Y Combinator. Amenli offered medical, car, home, and business insurance, while also managing claims on behalf of clients. The funding supported tech development, digital user experience, and expansion in Egypt’s underpenetrated insurance market.

Egypt Insurtech Market Report Coverage:

Key Questions Answered in This Report:

• How has the Egypt Insurtech market performed so far and how will it perform in the coming years?
• What is the breakup of the Egypt Insurtech market on the basis of type?
• What is the breakup of the Egypt Insurtech market on the basis of service?
• What is the breakup of the Egypt Insurtech market on the basis of technology?
• What is the breakup of the Egypt Insurtech market on the basis of region?
• What are the various stages in the value chain of the Egypt Insurtech market? 
• What are the key driving factors and challenges in the Egypt Insurtech market?
• What is the structure of the Egypt Insurtech market and who are the key players?
• What is the degree of competition in the Egypt Insurtech market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Egypt Insurtech market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Egypt Insurtech market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Egypt Insurtech industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.