Egypt Insurance Report Q4 2013

Date: October 23, 2013
Pages: 83
Price:
US$ 1,295.00
Publisher: Business Monitor International
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: E8AD9B87521EN
Leaflet:

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Includes 3 FREE quarterly updates

BMI View: As of late 2013, political developments continue to dominate the newsflow from Egypt. If past experience is any guide, they will have little impact on an insurance sector that could reasonably be described as being resilient - but far from dynamic. Stability, at a low level, has been the key feature of nonlife penetration for years. Life density has continued to rise over the last two years - in spite of the Arab Spring - but also remains at levels that are miniscule by most standards. The government-directed reform and restructuring of state-owned giant Misr Insurance Holdings and, indeed, the entire sector, has delivered some benefits. However, the limitations of, and challenges facing, that company continue to constrain the development of insurance in Egypt.

Key Insights And Key Risks

Thanks, in part, to the political unrest that has swept Egypt more or less continuously 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 protection-type 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.
BMI Industry View
  Table: Total Premiums, 2010-2017
SWOT
Insurance
Political
Economic
Business Environment
Industry Forecast
Life
  Table: Life Premiums, 2010-2017
Non Life
  Table: Total Non Life Premiums 2010-2017
Industry Risk Reward Ratings
MENA Insurance Risk/Reward Ratings Q413
  Table: MENA Insurance Risk/Reward Ratings
Egypt Insurance Risk/Reward Ratings
  Table: Egypt's Insurance Risk/Reward Ratings
Market Overview
Life Sector Update
Non Life Sector Update
Industry Trends And Developments
Life Growth Drivers and Risk Management Projections
Population
  Table: Insurance Key Drivers, Demographics, 2010-2017
Non Life Growth Drivers and Risk Management Projections
Macroeconomic Outlook
  Table: Egypt - GDP By Expenditure, US$ Terms Breakdown
Political Stability Outlook
  Table: Middle East And Africa Regional Security Ratings
Healthcare Sector
Healthcare Insurance
Epidemiology
  Table: Insurance Key Drivers, Disease Adjusted Life Years, 2010-2017
Motor
  Table: Insurance Key Drivers, Autos, 2010-2017
Competitive Landscape
Egypt Competitive Landscape
Competitive Landscape - Middle East and North Africa Q413
Company Profile
AIG
Allianz
Gulf Insurance Company
MetLife ALICO
Misr Insurance Holding 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
Demographic Outlook
  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
Insurance Risk/Reward Ratings
  Table: Insurance Risk/Reward Ratings Indicators And Rationale
Weighting
  Table: Weighting Of Indicators
Egypt Insurance Market Intelligence: 2011 Edition US$ 600.00 Jan, 2011 · 22 pages
Egypt Insurance Report Q1 2014 US$ 1,295.00 Jan, 2014 · 82 pages
Egypt Insurance Report Q2 2013 US$ 1,295.00 Apr, 2013 · 84 pages
Egypt Insurance Report Q3 2013 US$ 1,295.00 Jul, 2013 · 87 pages
Insurance in Egypt US$ 350.00 Jan, 2014 · 32 pages

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