Cooperative Insurance Fund for Mechanized Fishing Vessels and Their Operators
It is managed by a group of specialists in the fishing and insurance sector.
Comprehensive insurance plans to meet the diverse needs of fishermen and boat owners.
A distinguished track record in providing services supported by specialized insurance expertise.
It operates under the supervision and control of the General Authority for Financial Supervision and the Central Auditing Organization to ensure compliance and efficiency.
Comprehensive insurance services for motor vehicles and their operators.
A new future for marine insurance in Egypt
A new era of protection and stability for Egypt’s fishing sector has begun.
Whether you own a vessel or work in the fishing industry, the National Fund for Insurance of Motorized Fishing Vessels and their Operators aims to protect your livelihood and ensure your stability in all the nation’s waters.
Secure your future. Protect your vessel. With the National Fund for Insurance of Motorized Vessels.
about us
Welcome to the future of insurance for fishing vessels and their crews.
The Insurance Fund for Fishing Vessels and Their Crews is a specialized insurance entity established under Law No. (158) of 2003, serving as the official body responsible for insuring fishing vessels and their crews throughout the Arab Republic of Egypt.
The Fund is supervised by the Financial Regulatory Authority and commenced its operations on March 8, 2003, following the issuance of the law’s executive regulations and the adoption of its insurance policy.
The Fund aims to achieve stability and support for the fishing sector by providing insurance protection for vessels and their crews against potential risks during their activities, thereby contributing to the economic and social security of those working in this vital sector.
Since its establishment, the Fund has continued to perform its role efficiently and transparently, striving to develop its insurance services in accordance with the latest approved insurance systems and regulations.
Our services
Cooperative Insurance Fund Standards for the Protection of Vessels and Their Operators
The Insurance Fund for Motorized Fishing Vessels and Their Operators provides a comprehensive suite of insurance services that keep pace with developments in the marine fishing sector and meet the needs of fishermen and vessel owners throughout the country.
The Fund’s services are carefully designed to ensure protection, stability, and financial support against various maritime risks and accidents, thereby enhancing the security and sustainability of fishing activities.
Partnership for safety and sustainability
A service extending to all ports in the Republic The Fund continues to develop its services to cover all fishing areas in Egypt, in cooperation with relevant bodies and unions, thus ensuring social security for workers in this vital sector. The Fund has branches throughout the governorates. Ongoing cooperation with the Ministry of Agriculture and the Lakes and Fisheries Protection and Development Authority. Future plans to expand insurance coverage.
comprehensive support and compensation
Immediate Response to Maritime Accidents and Workers The Fund provides comprehensive insurance coverage for accidents involving motorized fishing vessels and their crews, ensuring the fastest possible disbursement of compensation to minimize the financial impact on families and vessel owners. Compensation for material losses to vessels Financial support for workers' families in cases of injury or death Ongoing field monitoring in fishing areas
Smart organizational structure
Advanced Digital Management for Insured Individuals The Fund has adopted an integrated electronic system for registering motorized fishing vessels and their crews, documenting accidents, and tracking premium payments securely and seamlessly, in line with the digital transformation of state institutions. This system aims to enhance the efficiency of insurance services and streamline procedures for fishermen and vessel owners in all governorates, while ensuring rapid access to required information at any time.
Integrated insurance system
Committed to applying the highest standards of transparency and efficiency. The Fund operates in accordance with the regulations approved by the Financial Regulatory Authority and employs modern systems for managing insurance documents and claims, ensuring speed and accuracy. Mandatory insurance for motorized fishing vessels and their crews. Fair and swift settlement of claims. Strict financial oversight and supervision to ensure sustainability and stability.
Our message
We strive to establish new standards in marine insurance by providing comprehensive insurance services that combine protection, sustainability, and social support for those working in the fishing sector.
The fund aims to enhance the security and stability of owners and crews of motorized fishing vessels through a modern system of insurance and administrative services that keep pace with legislative and digital developments in the country.
We are working to build a more secure future for the fishing sector, based on trust, transparency, and accountability to the fishing community throughout the country.
Our vision
To be the leading provider of marine insurance in Egypt, and a model to be emulated in offering modern insurance services that support the fishing sector and ensure the safety and sustainability of its workers.
We aspire to build an integrated insurance system based on innovation, efficiency, and commitment to quality standards, thereby enhancing the confidence of fishermen and boat owners in the Fund’s role as a key partner in development and stability.
We strive towards a future built on digital transformation and smart management, combining the protection of individuals with resource development and achieving sustainability in all the Fund’s activities.
Annual performance statistics
Traceing the path of development and achievement over the years
The Insurance Fund for Motorized Fishing Vessels and Their Operators is committed to implementing a rigorous monitoring system for financial and technical performance, reflecting the results of its work and ongoing development efforts in the marine fishing sector.
The following statistics demonstrate the Fund’s commitment to expanding insurance coverage, enhancing risk management efficiency, and achieving economic stability for those working in this vital sector.
These data are updated regularly to illustrate growth indicators in the number of insured vessels, the volume of premiums and compensations, and the financial surplus, highlighting the Fund’s impact on supporting sustainable development and ensuring the professional security of fishermen and vessel owners throughout the country.
