Egypt Insurance Report Q1 2015

Date: November 12, 2014
Pages: 72
Price:
US$ 1,295.00
Publisher: Business Monitor International
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: EB1FDAE56D6EN
Leaflet:

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Includes 3 FREE quarterly updates

BMI View: It may well be that 2014 is seen as a landmark year in which Egypt's resilient insurance sector moved decisively onto a trajectory of high annual growth in premiums. The inconvenient ban on bancassurance came to an end at the beginning of 2014. The regulator has clearly indicated its intention to promote a number of positive reforms. These reforms include a major modernisation of the laws governing the insurance sector in Egypt and the possible introduction of compulsory lines (e.g. for expatriate Egyptians). The insurers themselves have been innovative, developing products that relate to the political violence that has been widespread. Takaful appears to be growing rapidly, albeit from a very low base.

The massive expansion of the capacity of the Suez Canal, which has been funded by the successful issuance of USD8.5bn in investment certificates in September 2014, will undoubtedly provide opportunities for the property & casualty insurers. Nevertheless, in a country where only 6% of the population actually use insurance, it is clear that there are substantial challenges yet to be overcome. For now we are cautiously optimistic, looking for growth in property insurance premiums of around 20% per annum. In other non-life lines and the life segment, the rate of expansion will likely be in mid-to-high single digits. We concede, though, that Egypt is a country where we may have to revise our forecasts by a significant amount prior to mid-2015: for now, we think that it is much more likely that we will be lifting the forecasts than reducing them.
BMI Industry View
SWOT
Insurance
Political
Economic
Business Environment
Industry Forecast
Total Premiums Forecast
Premiums
  Table: Total Gross Premiums Written (Egypt 2011-2018)
  Table: Total Net Premiums Written (Egypt 2011-2018)
Claims
  Table: Total Insurance Claims (Egypt 2006-2013)
Life Premiums Forecast
Premiums
  Table: Gross Life Premiums Written (Egypt 2011-2018)
  Table: Net Life Premiums Written (Egypt 2011-2018)
Claims
  Table: Life Insurance Claims (Egypt 2006-2013)
Healthcare Spending
  Table: Insurance Key Drivers, Private Health Expenditure (Egypt 2011-2018)
  Table: Insurance Key Drivers, Disease Adjusted Life Years (Egypt 2011-2018)
Non-Life Premiums Forecast
Premiums
  Table: Gross Non-Life Premiums Written (Egypt 2011-2018)
  Table: Net Non-Life Premiums Written (Egypt 2011-2018)
Reinsurance
  Table: Reinsurance Non-Life Premiums Written (Egypt 2011-2018)
Claims
  Table: Non-Life Insurance Claims (Egypt 2006-2013)
Non-Life Subsector Forecast
  Table: Non-Life % Breakdown (Egypt 2011-2018)
Motor Vehicle And Transport Insurance
  Table: Motor Vehicle Insurance (Egypt 2011-2018)
  Table: Insurance Key Drivers, Autos (Egypt 2011-2018)
  Table: Transport Insurance (Egypt 2011-2018)
  Table: Insurance Key Drivers, Freight Tonnage (Egypt 2011-2018)
Property Insurance
  Table: Property Insurance (Egypt 2011-2018)
Health And Personal Accident Insurance
  Table: Health Insurance (Egypt 2011-2018)
  Table: Personal Accident Insurance (Egypt 2011-2018)
Industry Risk Reward Ratings
MEA Insurance Risk/Reward Index
  Table: MENA Insurance Risk/Reward Index - Q1 2015
Market Overview
Life Market Overview
  Table: Life Insurance Market (%) 2011-2012
Non-Life Market Overview
  Table: Non-Life Insurance Market (US$mn) 2011-2012
Company Profile
American International Group (AIG)
Gulf Insurance Group (GIG)
MetLife
Misr Insurance Holding Company
Demographic Forecast
  Table: Egypt's Population By Age Group, 1990-2020 ('000)
  Table: Egypt's Population By Age Group, 1990-2020 (% of total)
  Table: Egypt's Key Population Ratios, 1990-2020
  Table: Egypt's Rural And Urban Population, 1990-2020
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Indicators
  Table: Weighting of Indicators
Egypt Insurance Market Intelligence: 2011 Edition US$ 600.00 Jan, 2011 · 22 pages
Egypt Insurance Report Q4 2014 US$ 1,295.00 Aug, 2014 · 70 pages
Egypt Insurance Report Q2 2014 US$ 1,295.00 Apr, 2014 · 67 pages
Egypt Insurance Report Q3 2014 US$ 1,295.00 Jul, 2014 · 69 pages
Insurance in Egypt US$ 350.00 Jan, 2014 · 32 pages

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