Egypt Insurance Report Q2 2013

Date: April 17, 2013
Pages: 84
US$ 1,295.00
Publisher: Business Monitor International
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: E81A8D554F8EN

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Includes 3 FREE quarterly updates

Thanks, in part, to the political unrest that has swept Egypt since early 2011, the insurance sector has moved from an era of growth to one of stagnation. Prior to late 2010, the outlook had looked promising. Life density was growing quite steadily. The substantial private insurance funds, which provide basic protectiontype products - had underpinned the growth of the sector in years where demand for more sophisticated products had consolidated. Although non-life penetration had been contracting, the overall growth of the economy meant that non-life premiums rose steadily in absolute terms. By combining three state-owned insurance companies and one state-owned reinsurer under the aegis of Misr Insurance Holding Company, the government could reasonably hope to achieve meaningful synergy benefits for one of the Middle East's largest composite insurance groups. As is not the case in most other countries in the region, there were no restrictions on foreign participation in the industry. Nor was the non-life segment characterised by cut-throat competition which had crimped profitability for most players.

As of early 2013, it appears that the insurance sector was able to absorb the substantial claims and losses arising from the civil unrest of early 2011. However, most of the other newsflow in recent months has been disappointing. The limited data that has been published suggests that, overall, growth in premiums over the last year or so has been slow. There seems to have been no obvious progress towards regulatory or legislative changes that would revive bancassurance, promote health insurance or encourage the private health funds. Nor has there been any apparent progress towards removing the impediments that hinder the development of Egypt's embryonic takaful sector.
BMI Industry View
  Table: Total Premiums, 2010-2017
Business Environment
Industry Forecast
  Table: Life Premiums, 2010-2017
Non Life
  Table: Total Non Life Premiums 2010-2017
Industry Risk Reward Ratings
Egypt Insurance Risk/Reward Ratings
  Table: Egypt's Insurance Risk/Reward Ratings
  Table: Middle East And Africa Insurance Risk/Reward Ratings
Market Overview
Life Sector Update
Non Life Sector Update
Industry Trends And Developments
Life Growth Drivers and Risk Management Projections
  Table: Insurance Key Drivers, Demographics, 2010-2017
Non Life Growth Drivers and Risk Management Projections
Macroeconomic Outlook
  Table: Egypt- GDP By Expenditure, Real Growth %
Political Stability Outlook
  Table: Middle East And Africa Security Ratings
Healthcare Insurance
  Table: Insurance Key Drivers, Disease Adjusted Life Years, 2010-2017
  Table: Insurance Key Drivers, Autos, 2010-2017
Competitive Landscape
Company Profile
ACE Group
Misr Insurance Holding Company
Gulf Insurance Company
Regional Overview
Middle East And North Africa Life Overview
  Table: Middle East And North Africa's Life Premiums, 2010-2017 (US$mn)
Middle East And North Africa Non Life Overview
  Table: Middle East And North Africa's Non-Life Premiums, 2010-2017 (US$mn)
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
Insurance Risk/Reward Ratings
  Table: Insurance Risk/Reward Ratings Indicators And Rationale
  Table: Weighting Of Indicators
Egypt Insurance Market Intelligence: 2011 Edition US$ 600.00 Jan, 2011 · 22 pages
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Egypt Insurance Report Q1 2014 US$ 1,295.00 Jan, 2014 · 82 pages
Egypt Insurance Report Q3 2013 US$ 1,295.00 Jul, 2013 · 87 pages
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