Personal Accident and Health Insurance in Egypt, Key Trends and Opportunities to 2020

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Date: 31-Mar-2017
No. of pages: 92
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Timetric's 'Personal Accident and Health Insurance in Egypt Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Egyptian life insurance segment, and a comparison of the Egyptian insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011-2015) and forecast period (2015-2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Egyptian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric's 'Personal Accident and Health Insurance in Egypt Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Egyptian personal accident and health insurance segment, including:


  • An overview of the Egyptian personal accident and health insurance segment

  • The Egyptian personal accident and health insurance segment's growth prospects by category

  • A comprehensive overview of the Egyptian economy and demographics

  • A comparison of the Egyptian personal accident and health insurance segment with its regional counterparts

  • The various distribution channels in the Egyptian personal accident and health insurance segment

  • Details of the competitive landscape in the personal accident and health insurance segment in Egypt

  • Details of regulatory policy applicable to the Egyptian insurance industry


Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Egypt:


  • It provides historical values for the Egyptian personal accident and health insurance segment for the report's 2011-2015 review period, and projected figures for the 2015-2020 forecast period.

  • It offers a detailed analysis of the key categories in the Egyptian personal accident and health insurance segment, and market forecasts to 2020.

  • It provides a comparison of the Egyptian personal accident and health insurance segment with its regional counterparts

  • It provides an overview of the various distribution channels for personal accident and health insurance products in Egypt.

  • It profiles the top personal accident and health insurance companies in Egypt, and outlines the key regulations affecting them.


Reasons To Buy


  • Make strategic business decisions using in-depth historic and forecast market data related to the Egyptian personal accident and health insurance segment, and each category within it.

  • Understand the demand-side dynamics, key market trends and growth opportunities in the Egyptian personal accident and health insurance segment.

  • Assess the competitive dynamics in the personal accident and health insurance segment.

  • Identify growth opportunities and market dynamics in key product categories.

  • Gain insights into key regulations governing the Egyptian insurance industry, and their impact on companies and the industry's future.


Key Highlights


  • In February 2017, the Egyptian Financial Supervisory Authority (EFSA) announced plans to increase the minimum capital requirement for insurers from EGP60.0 million (US$7.8 million) to EGP200.0 million (US$26.0 million). A final decision is expected over the forecast period (2015-2020).

  • In December 2016, Axa - in collaboration with Uber Egypt - launched a safety program that provides cover with riders for death, permanent disability, and medical expenses resulting from accidents.

  • In September 2016, the Egyptian government announced plans to introduce new comprehensive health insurance laws.

  • The Egyptian personal accident and health insurance segment is highly consolidated, with the top five leading companies accounting for 77.7% of the total gross written premium in 2015.

Personal Accident and Health Insurance in Egypt, Key Trends and Opportunities to 2020

Table of Contents

1 Key Facts and Highlights

2 Executive Summary

3 Economy and Demographics

4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Claims
4.2.3 Profitability
4.2.4 Assets and investments

5 Outlook by Category
5.1 Personal Accident Insurance
5.1.1 Premium
5.1.2 Claims
5.1.3 Profitability
5.2 Health Insurance
5.2.1 Premium
5.2.2 Claims
5.2.3 Profitability

6 Distribution Channel Outlook

7 Competitive Landscape
7.1 Company Profiles
7.1.1 Misr Insurance Company - company overview
7.1.2 Bupa Egypt Insurance Company - company overview
7.1.3 Suez Canal Insurance Company - company overview
7.1.4 AIG Egypt Insurance Company SAE - company overview
7.1.5 Delta Insurance Company- company overview

8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulation
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Motor third-party liability insurance
8.4.2 Social Insurance System
8.4.3 Aviation third-party liability insurance
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors
8.5.2 Egyptian Financial Supervisory Authority
8.5.3 Insurance Federation of Egypt
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and Penalties
8.7 Company Registration and Operations
8.7.1 Type of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margin
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution

9 Databook
9.1 Policies and Premium
9.1.1 Claims and expenses
9.1.2 Assets and investments
9.1.3 Personal accident insurance
9.1.4 Health insurance
9.1.5 Health insurance by product

10 Definitions and Methodology
10.1 Definitions
10.2 Methodology

11 About Timetric
11.1 Contact Timetric
11.2 About Timetric
11.3 Timetric's Services
11.4 Disclaimer

List of Tables

Table 1: Egyptian Personal Accident and Health Insurance - Key Facts, 2015
Table 2: Egyptian Personal Accident and Health Insurance - Segment Shares of the Top Insurers, 2015
Table 3: Egyptian Government Credit Ratings
Table 4: Egyptian Motor Insurance - Road Accident Numbers, 2011-2015
Table 5: Egyptian Personal Accident and Health Insurance - Gross Written Premium (EGP Billion and US$ Million), 2011-2015
Table 6: Egyptian Personal Accident and Health Insurance - Penetration (%), 2011-2015
Table 7: Egyptian Personal Accident and Health Insurance - Gross Written Premium (EGP Billion and US$ Million), 2015-2020
Table 8: Egyptian Personal Accident and Health Insurance - Penetration (%), 2015-2020
Table 9: Egyptian Personal Accident and Health Insurance - Premium per Capita (EGP and US$), 2011-2015
Table 10: Egyptian Personal Accident and Health Insurance - Premium per Capita (EGP and US$), 2015-2020
Table 11: Egyptian Personal Accident and Health Insurance - Paid Claims (EGP Million and US$ Million), 2011-2015
Table 12: Egyptian Personal Accident and Health Insurance - Paid Claims (EGP Million and US$ Million), 2015-2020
Table 13: Egyptian Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
Table 14: Egyptian Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
Table 15: Egyptian Personal Accident and Health Insurance - Total Assets (EGP Billion and US$ Million), 2011-2015
Table 16: Egyptian Personal Accident and Health Insurance - Total Assets (EGP Billion and US$ Million), 2015-2020
Table 17: Egyptian Personal Accident and Health Insurance - Total Investment Income (EGP Million and US$ Million), 2011-2015
Table 18: Egyptian Personal Accident and Health Insurance - Total Investment Income (EGP Million and US$ Million), 2015-2020
Table 19: Egyptian Personal Accident and Health Insurance - Investment Portfolio (EGP Million), 2011-2015
Table 20: Egyptian Personal Accident and Health Insurance - Investment Portfolio (EGP Million), 2015-2020
Table 21: Egyptian Personal Accident and Health Insurance - Direct Written Premium by Category (EGP Million),2011-2015
Table 22: Egyptian Personal Accident and Health Insurance - Direct Written Premium by Category (EGP Million), 2015-2020
Table 23: Egyptian Personal Accident Insurance - Direct Written Premium (EGP Million and US$ Million), 2011-2015
Table 24: Egyptian Personal Accident Insurance - Direct Written Premium (EGP Million and US$ Million), 2015-2020
Table 25: Egyptian Personal Accident Insurance - Paid Claims (EGP Million and US$ Million), 2011-2015
Table 26: Egyptian Personal Accident Insurance - Paid Claims (EGP Million and US$ Million), 2015-2020
Table 27: Egyptian Personal Accident Insurance - Loss Ratio (%), 2011-2015
Table 28: Egyptian Personal Accident Insurance - Loss Ratio (%), 2015-2020
Table 29: Egyptian Health Insurance - Direct Written Premium by Sub-Category (EGP Million and US$ Million), 2011-2015
Table 30: Egyptian Health Insurance - Direct Written Premium by Sub-Category (EGP Million and US$ Million), 2015-2020
Table 31: Egyptian Health Insurance - Paid Claims (EGP Million and US$ Million), 2011-2015
Table 32: Egyptian Health Insurance - Paid Claims (EGP Million and US$ Million), 2015-2020
Table 33: Egyptian Health Insurance - Loss Ratio (%), 2011-2015
Table 34: Egyptian Health Insurance - Loss Ratio (%), 2015-2020
Table 35: Egyptian Personal Accident and Health Insurance Industry - Market Shares of Leading Insurers (%), 2015
Table 36: Misr Insurance Company - Key Facts
Table 37: Misr Insurance Company - Key Financials (EGP Million), 2011-2015
Table 38: Bupa Egypt Insurance Company - Key Facts
Table 39: Bupa Egypt Insurance Company - Key Financials (EGP Million), 2011-2015
Table 40: Suez Canal Insurance Company - Key Facts
Table 41: Suez Canal Insurance Company - Key Financials (EGP Million), 2011-2015
Table 42: AIG Egypt Insurance Company SAE - Key Facts
Table 43: AIG Egypt Insurance Company SAE - Key Financials (EGP Million), 2011-2015
Table 44: Delta Insurance Company - Key Facts
Table 45: Delta Insurance Company - Key Financials (EGP Million), 2011-2015
Table 46: Egypt - Insurance Regulatory Framework Key Features
Table 47: Egypt - Life Insurance Regulatory Framework
Table 48: Egypt - Property Insurance Regulatory Framework
Table 49: Egypt - Motor Insurance Regulatory Framework
Table 50: Egypt - Liability Insurance Regulatory Framework
Table 51: Egypt - Corporate Tax Rates for the Financial Year 2017
Table 52: Egyptian Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
Table 53: Egyptian Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
Table 54: Egyptian Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
Table 55: Egyptian Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
Table 56: Egyptian Personal Accident and Health Insurance - Assets and Investments, 2011-2015
Table 57: Egyptian Personal Accident and Health Insurance - Assets and Investments, 2015-2020
Table 58: Egyptian Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
Table 59: Egyptian Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
Table 60: Egyptian Personal Accident and Health Insurance - Health Insurance, 2011-2015
Table 61: Egyptian Personal Accident and Health Insurance - Health Insurance, 2015-2020
Table 62: Egyptian Personal Accident and Health Insurance - Health by Product, 2011-2015
Table 63: Egyptian Personal Accident and Health Insurance - Health by Product, 2015-2020
Table 64: Insurance Industry Definitions

List of Figures

Figure 1: Egyptian Real GDP (US$ Billion), 2011-2020
Figure 2: Egyptian Consumer Price Inflation (%), 2011-2020
Figure 3: EGP-US$ Exchange Rate , 2011-2020
Figure 4: Egyptian Current Account Balance as Percentage of GDP (%), 2011-2015
Figure 5: Egyptian Unemployment Rate (%), 2011-2020
Figure 6: Egyptian Population by Age Group, 1996-2025
Figure 7: Egyptian Personal Accident and Health Insurance Penetration - Regional Comparison (%), 2015
Figure 8: Egyptian Insurance Segment Direct Written Premium Shares - Regional Comparison (%), 2015
Figure 9: Egyptian Personal Accident and Health Insurance - Gross Written Premium (EGP Billion), 2011-2020
Figure 10: Egyptian Personal Accident and Health Insurance - Penetration (%), 2011-2020
Figure 11: Egyptian Personal Accident and Health Insurance - Premium per Capita (EGP), 2011-2020
Figure 12: Egyptian Personal Accident and Health Insurance - Paid Claims (EGP Million), 2011-2020
Figure 13: Egyptian Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2020
Figure 14: Egyptian Personal Accident and Health Insurance - Total Assets (EGP Billion), 2011-2020
Figure 15: Egyptian Personal Accident and Health Insurance - Total Investment Income (EGP Million), 2011-2020
Figure 16: Egyptian Personal Accident and Health Insurance - Investment Portfolio (EGP Billion), 2011-2020
Figure 17: Egyptian Personal Accident and Health Insurance - Investment Portfolio Dynamics by Category, 2011-2020
Figure 18: Egyptian Personal Accident and Health Insurance - Direct Written Premium by Category (EGP Billion), 2011-2020
Figure 19: Egyptian Personal Accident and Health Insurance - Direct Written Premium Dynamics by Category, 2011-2020
Figure 20: Egyptian Personal Accident Insurance - Direct Written Premium (EGP Billion), 2011-2020
Figure 21: Egyptian Personal Accident Insurance - Paid Claims (EGP Million), 2011-2020
Figure 22: Egyptian Personal Accident Insurance - Earned Premium, Incurred Loss and Loss Ratio (EGP Million and %), 2011-2020
Figure 23: Egyptian Health Insurance - Direct Written Premium by Sub-Category (EGP Billion), 2011-2020
Figure 24: Egyptian Health Insurance - Paid Claims (EGP Million), 2011-2020
Figure 25: Egyptian Health Insurance - Earned Premium, Incurred Loss and Loss Ratio (EGP Million and %), 2011-2020
Figure 26: Egyptian Personal Accident and Health Insurance Industry - Market Shares of Leading Insurers (%), 2015
Figure 27: Egypt- Insurance Supervision and Control at Various Levels
Figure 28: Egypt - Insurance Regulatory Frameworks for Company Registration and Operation

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