About us
Arab Misr Insurance Group “gig” is an Egyptian Insurance company established in 1994 under the Egyptian Insurance Law No. 10 of 1980, gig is a member of the Egyptian Insurance Federation and started business since July1st , 1994 .
Issued capital is EGP 500 M.
Paid up capital is EGP 175 M.
Milestones :
2009 : gig was the 1st insurance company in the Egyptian market in both underwriting & Technical results ( EFSA report on 30/6/2009 )
2010 : gig was the first in growth ratio in Egyptian Market
2011-2015 : gig gets its first financial rating by A.M.Best and becomes the only rated Egyptian Insurance company in the local market .
Our Rating :
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gig is rated a Financial Strength Rating B++ and Issuer Credit Rating BBB by A.M.Best. The outlook for both ratings is stable.
The ratings of gig reflect its good level of risk-adjusted capitalization, good financial performance and improving business position in Egypt .
The main shareholders of gig are:-
1. Gulf Insurance Company (Kuwait ) Major contributor with 94.8%
2. Suez Canal Bank with 5%
3. Egyptian Businessmen with 0.15%