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
SWOT 7
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
  • The Insurance Industry in Uganda, Key Trends and Opportunities to 2020
    Published: 05-Dec-2016        Price: US 1450 Onwards        Pages: 125
    Synopsis Timetric's 'The Insurance Industry in Uganda, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Ugandan insurance industry. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011-2015) and forecast periods (2015-2020). The report also gives a comprehensive overview of the Ugan......
  • Kazakhstan Insurance Report Q1 2017
    Published: 30-Nov-2016        Price: US 1295 Onwards        Pages: 54
    BMI View: Kazakhstan's insurance market will remain beyond the radar of the major multinational insurers. Indigenous companies, the majority of which are subsidiaries of local financial services groups, continue to dominate the market, resulting in high barriers to entry. Meanwhile, the historical lack of demand for life insurance and other discretionary insurance products has restricted the development of many lines outside of the core motor and property segments. As suc......
  • Singapore Insurance Report Q1 2017
    Published: 30-Nov-2016        Price: US 1295 Onwards        Pages: 54
    BMI View: Singapore's non-life segment is dominated by coverage of commercial risks outside the city state. We remain of the view that the economic headwinds facing the ASEAN region should diminish through 2017 and that non-life premium growth will accelerate. We believe that the life segment will continue to achieve steady growth through the forecast period, thanks to innovation by the insurers in a wealthy country with a structurally high rate of savings. Latest U......
  • Slovakia Insurance Report Q1 2017
    Published: 30-Nov-2016        Price: US 1295 Onwards        Pages: 66
    BMI View: The Slovakian insurance market is relatively small when measured in total volumes of premiums written. Nevertheless, it remains one of the more positive Central and Eastern European regional markets. Premiums are expected to rise and the life segment is expected to post significant growth, supported by an uptick in household incomes. However, the market is vulnerable to regional economic decline, particularly weakness throughout the eurozone, and currency moveme......
  • The Insurance Industry in Kazakhstan, Key Trends and Opportunities to 2020
    Published: 30-Nov-2016        Price: US 1450 Onwards        Pages: 132
    Synopsis Timetric's 'The Insurance Industry in Kazakhstan, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Kazakh insurance industry. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011-2015) and forecast periods (2015-2020). The report also gives a comprehensive overview of the K......
  • Insurance Competitor Profile: Admiral Group 2016
    Published: 30-Nov-2016        Price: US 1295 Onwards        Pages: 40
    Summary Admiral Group is a leading provider of car and home insurance active in both the UK and internationally. It operates a number a brands as well as comparison sites. This profile offers a review of the company, its business structure and strategy, its financial performance, and a SWOT analysis. Key Findings Solvency II capital requirements have come into effect. This may result in higher capital requirements, changes to the risk ......
  • Bahamas Insurance Report Q1 2017
    Published: 30-Nov-2016        Price: US 1295 Onwards        Pages: 44
    BMI View: We extend our generally favourable outlook for the Bahamas insurance sector in our quarterly report. The non-life sector is poised to outperform the mature-yet-stable life sector. The overall insurance density in the Bahamas is now higher than USD2,126 per capita in 2017, and insurance premiums are about 8.1% of GDP, leading us to the conclusion that the sector as a whole is rather well developed. Looking forward into 2017 and beyond, we believe that rising inco......
  • Egypt Insurance Report Q1 2017
    Published: 30-Nov-2016        Price: US 1295 Onwards        Pages: 54
    BMI View: We have made significant forecast revisions in this quarter's latest Q1 2017 report update. The severe currency devaluation undertaken by the Central Bank has resulted in a 48% devaluation of the Eqyptian pound against the US dollar as part of an IMF proposed plan for Egypt to acquire USD13bn in loan funding. Our entire forecast outlook has changed from 2017 onwards as US dollar denominated premiums will get hit significantly harder than previously estimated thi......
  • Insurance Competitor Profile: Aviva 2016
    Published: 24-Nov-2016        Price: US 1295 Onwards        Pages: 44
    Summary This profile offers a review of Aviva, its business structure and strategy, its financial performance, and a SWOT analysis. Aviva has 34 million customers worldwide and 16 million in the UK (before the deduction of Friends Life Group's overlapping customers). Aviva has a presence in 16 countries. Outside of the UK, it has a strong presence in Canada, France, Ireland, Spain, and Turkey. Key Findings Aviva is a com......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs