DELTA INSURANCE

Delta Insurance is a publicly listed company and has grown steadily over the years to secure roughly a 5% share of the Egyptian insurance market. With over 300 professionals operating more than 19 branches, the company has built a strong competitive position in the Egyptian market, providing financial protection through innovative insurance products and services supported by dedicated, well-trained and knowledgeable insurance professionals.

The company provides a wide range of services, including corporate solution plans, individual protection plans and group life insurance plans. While many sectors in Egypt have suffered in the aftermath of the 2011 uprising, the insurance industry has experienced opportunities for growth as more companies and individuals seek to protect themselves amid a higher risk environment.

In July 2013, Delta Insurance was divided into two companies with two distinct boards of directors, per Egyptian law: Delta General, which provides medical, fire, vehicular and marine insurance, and Delta Life, which provides traditional life insurance products. Both companies cover a range of local and foreign corporations and individuals, but Delta General’s largest clients are corporate, while Delta Life primarily serves individual customers. Delta Insurance also engages in reinsurance with leading local and global partners.

Delta Insurance was established in 1981 with EGP 150 million in authorized capital and EGP 90 million in paid-up capital, and was acquired by EKH in 1999. The acquisition of an additional significant stake in 2004 brought the company to an effective ownership of 32%.