Egypt Insurance Market Intelligence: 2011 Edition

Date: January 23, 2011
Pages: 22
US$ 600.00
Publisher: Koncept Analytics
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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Egypt Insurance Market Intelligence: 2011 Edition
The insurance market of Egypt is considered to be underdeveloped but it has strong growth potential, mainly in the consumer sector. The country’s non-life segment mainly comprises motor (Act & Comprehensive), accident and health insurance, however, the market also includes other business lines such as marine cargo & hull, aviation, satellite, engineering, oil, inland transport insurance products; and the life segment comprises individual and group products. Similar to other Islamic countries, Egypt’s insurance industry also comprises Takaful or Shariah insurance products. The non-life segment has the major share in the overall insurance market, but in the next few years, the life segment is likely to grow at higher rate in comparison to the non-life segment, as the non-life segment is presently saturated.

The insurance industry in Egypt comprises various public and private insurance companies, however it is largely publicly owned. Egypt’s growing economy, growth in motor market and the implementation of new reforms are driving the country’s insurance industry. Some other factors including higher demand for automobiles, strong economic growth, demographic advantages, increasing awareness towards health measures and ageing population, are expected to further boost up the insurance industry in Egypt.

1.1 Industry Structure
  1.1.1 Formation of Egyptian Financial Supervisory Authority (EFSA) to regulate insurance services
  1.1.2 Proposed reforms in small and medium enterprises (SMEs) by 2012
  1.1.3 General Authority for Financial Supervision (GAFS) inspects insurance practices
1.2 Market Overview
  1.2.1 Market Size & Growth Underdeveloped nature of Egyptian insurance market due to low awareness Consistent rise in total premiums over 2002-2009
  1.2.2 Market Segments Fall in life insurance premiums due to global economic crisis Non-Life Dominating, Accident Accounting for Largest within Non-Life Increasing claims led to high loss ration in 2009 Upsurge in demand for microinsurance products
  1.2.3 Market Density & Penetration Low insurance penetration compared to other countries One of the Lowest Per Capita Expenditure on Insurance, Low Awareness
  1.2.4 Market Share Life insurance segment more fragmented in comparison to the non-life market Misr Insurance leads both life and non-life insurance segments


2.1 Industry Developments
  Comprehensive New Insurance Software to Egyptian Takaful Company
  Egyptian Arab Land Bank Signed Deal with Middle East Insurance Company
  Tokio Marine’s Takaful Operations in Egypt
  Health Insurance Draft Law for Low-Income Citizens
2.2 Market Drivers
  Growing Economy
  Growth in Motor Market
  Wave of New Reforms
  Reforms to Expand the Coverage of Insurance Protection


3.1 Political Environment
3.2 Macro-economic Indicators: Current and Projections


4.1 Non-life insurance business driven by motor, accident and health
4.2 Expansion of Takaful and bancassurance will led to rise in premiums


Annual Premium – Egypt Insurance Industry: 2002-2009
Egypt Insurance Premium Share (%) by Segment: 2009
Egypt Insurance Premium by Segment: 2002-2009
Egypt Life Insurance Premium Share (%) by Segment: 2009
Egypt Non-Life Insurance Premium Share (%) by Segment: 2009
Egypt Insurance Density (US$): 2002 – 2009
Egypt Insurance Penetration: 2002 – 2009
Egypt: Major Life Insurers’ Market Share: 2009
Egypt: Major Non-Life Insurers’ Market Share: 2009
GDP Growth of Egypt: 2002 – 2009
Egypt: Number of Motor Vehicles Registered: 2005 – 2010F
Egypt: Motor Insurance Direct Premium, 2005-2009
Forecast: Egypt Insurance Industry: 2009A - 2013F
Forecast: Egypt Life & Non-Life Insurance Industry: 2009A-2013F


Key Macroeconomic Indicators: (2009A – 2014F)
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Insurance in Egypt US$ 350.00 Oct, 2017 · 36 pages

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