Egypt Insurance Report Q4 2016

Publisher Name :
Date: 28-Sep-2016
No. of pages: 53

BMI View: We retain our core view for the Egyptian insurance market in our latest Q4 2016 report update.

We are of the opinion that the market is projected to grow at a steady pace, albeit from a relatively low

base. Economic growth has led to a rise in average household income rates, which in turn is heightening

demand for life and non-life insurance products alike. Demand for key lines such as motor and health

insurance remains high, and we are seeing a broadening in range of products available in the market. Key

to growth will be the expansion of takaful and microinsurance products, which will enable insurers to

access the large first time user market. Barriers to growth remain, however, including a fragmented

marketplace and an uncertain regulatory environment.

Key Updates And Forecasts

? Takaful insurance is growing rapidly in Egypt. The Secretary-General of Insurance Federation of Egypt,

Abdel-Raouf Kotb, recently reported that takaful insurance now accounts for 11.0% of the country's

insurance market.

? Work continues on drafts of a new health insurance bill which is expected to be presented by government

to parliament. The new health insurance law will include the introduction of health insurance payments

and will expand coverage, though we note it has come under significant criticism from medical

practitioners in the country.

Egypt Insurance Report Q4 2016

Table of Contents

BMI Industry View 5
Table: Headline Insurance Forecasts (Egypt 2013-2020) 5
Insurance 7
Industry Forecast 9
Life Premiums Forecast 9
Table: Life Premiums (Egypt 2013-2020) 12
Table: Life Insurance Claims (Egypt 2008-2014) 12
Non-Life Premiums Forecast 13
Table: Non-Life Premiums (Egypt 2013-2020) 16
Table: Non-Life Insurance Claims (Egypt 2009-2014) 18
Non-Life Sub-Sector Forecast 19
Table: Non-Life Insurance Premiums By Product Line (Egypt 2013-2020) 28
Insurance Risk/Reward Index 29
MENA Insurance Risk/Reward Index 29
Table: MENA Insurance Risk/Reward Index - Q416 30
Market Overview 31
Life Market Overview 31
Product Offering 31
Competitive Landscape 31
Table: Life Insurance Market (USDmn), 2011-2012 32
Non-Life Market Overview 33
Product Offering 33
Competitive Landscape 34
Table: Non-Life Insurance Market (USDmn), 2011-2012 35
Company Profile 36
American International Group (AIG) 36
Gulf Insurance Group (GIG) 38
MetLife 41
Misr Insurance Holding Company 44
Methodology 47
Industry Forecast Methodology 47
Risk/Reward Index Methodology 50
Table: Indicators 52
Table: Weighting of Indicators 53

List of Tables

Table: Headline Insurance Forecasts (Egypt 2013-2020)
Table: Life Premiums (Egypt 2013-2020)
Table: Life Insurance Claims (Egypt 2008-2014)
Table: Non-Life Premiums (Egypt 2013-2020)
Table: Non-Life Insurance Claims (Egypt 2009-2014)
Table: Non-Life Insurance Premiums By Product Line (Egypt 2013-2020)
Table: MENA Insurance Risk/Reward Index - Q416
Table: Life Insurance Market (USDmn), 2011-2012
Table: Non-Life Insurance Market (USDmn), 2011-2012
Table: Indicators
Table: Weighting of Indicators
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