SCI - Suez Canal Insurance | Insurance Services in Egypt since 1979

SCI Company Is

Suez Canal Insurance Company is an Egyptian joint stock company, established on October 10, 1979, in accordance with the provisions of Law No. 159 of 1981 and Law No. 10 of 1981, and is also subject to the provisions of Law No. 155 of 2024. The Company operates under the supervision and control of the Financial Regulatory Authority (FRA) and holds license No. 5 of 1979, issued by the FRA, authorizing it to undertake property and liability insurance activities. It is the first private-sector insurance company in Egypt, founded under the auspices of both the Arab Contractors and the Suez Canal Authority. Since its inception in the Egyptian market, the Company has set a benchmark of excellence, offering distinguished and comprehensive insurance services to national projects, private-sector ventures, investments, and other client segments. Reinforcing its commitment to safeguarding the national economy, the Company has established a widespread network of 29 branches and offices across all governorates of the Arab Republic of Egypt, contributing to the achievement of significant milestones. The Company's paid-up capital amounts to 520 million Egyptian pounds

SCI is a member of

SCI Ratings

Suez Canal Company is one of only two companies in Egypt that have been awarded a credit rating from rating agency AM Best .
AM Best has given the company a fair financial strength rating (-B) and a long-term credit rating of the issuer (-BB) of Suez Canal Insurance Company, as of June 2, 2021.

AM Best is a global credit rating agency, news publisher, and data analytics provider specializing in the insurance industry.

SCI Awards

Suez Canal Insurance Company was also awarded the Best Insurance Company in Egypt according to the Finance & Banking Global Award 2021.

SCI Strategy

Vision:

To become the first choice for any client, increase the company’s market share, and take over the leadership of the insurance market in Egypt.

Mission:

We aspire to achieve our vision through the following:

Strengthen relationships with customers.
Geographical spread and expansion of the branches, agents, and offices network.
Investing in human resources and enhancing their capacity for dialogue and communication.
Qualifying and training qualified technical cadres specialized in insurance work.
Creating new ideas and creative proposals.
Our social responsibility to develop and raise social awareness of the importance of insurance in our lives.

SCI Objective

Suez Canal Insurance Company seeks to be ranked first among Egyptian insurance companies by gaining high trust, loyalty, customer satisfaction, and shareholders satisfaction.

SCI Core Values

Values are our guide and inspiration whenever making a decision.

Quality

The company works to meet customers' needs, provide high-quality insurance services, and build a stable and distinguished relationship with customers.

Team Power

The company seeks to build an effective team of experienced people who owe allegiance to the company. SCI also works on its continuous development through training programs nationally and internationally.

Excellence

Suez Canal Insurance Company works on continuous improvement and development of services provided before and after the issuance of documents.

Integrity

Suez Canal Insurance Company is committed and fair, keeps its promises, and adheres to all regulatory requirements.

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