Business Monitor International


Egypt Insurance Report

Published 14 April 2014

  • 82 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Egypt Insurance Report

BMI View: As of early 2014, 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 non-life 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.

BMI's new insurance report format provides forecasts of the life and non-life markets, including gross and net premiums, reinsurance premiums and assets. Moreover, it provides forecasts for key growth drivers such as vehicle fleet size, demographic factors and private health expenditure. The report also contains a comprehensive breakdown of the non-life insurance market, providing forecasts for motor and transport insurance, property, personal accident, health, general liability and credit insurance. Finally, the new report offers a detailed breakdown of the life and non-life competitive landscapes, covering the top companies present in each segment by premiums and market share.

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...

Table of Contents

BMI Industry View
7
Table: Total Premiums, 2010-2017
8
SWOT
9
Insurance
9
Political
11
Economic
12
Business Environment
14
Industry Forecast
15
Life
15
Table: Life Premiums, 2010-2017
15
Non-Life
17
Table: Total Non-Life Premiums 2010-2017
17
Industry Risk Reward Ratings
21
MENA Insurance Risk
MENA Insurance Risk
Table: MENA Insurance Risk
Table: MENA Insurance Risk
Egypt Insurance Risk
Egypt Insurance Risk
Table: Egypt's Insurance Risk
Table: Egypt's Insurance Risk
Market Overview
25
Life Sector Update
25
Non-Life Sector Update
26
Industry Trends And Developments
28
Life Growth Drivers and Risk Management Projections
28
Population
28
Table: Insurance Key Drivers, Demographics, 2011-2018
28
Non-Life Growth Drivers and Risk Management Projections
30
Macroeconomic Outlook
30
Positive Long-Term Outlook Remains
32
Table: Egypt - Economic Activity
32
Political Stability Outlook
33
Table: Middle East And Africa Regional Security Ratings
34
Healthcare Sector
35
Private Healthcare Sector
36
Healthcare Financing
37
Healthcare Insurance
38
Epidemiology
40
Table: Insurance Key Drivers, Disease Adjusted Life Years, 2011-2018
41
Motor
43
Table: Insurance Key Drivers, Autos, 2011-2018
44
Competitive Landscape
45
Egypt Competitive Landscape
45
Competitive Landscape - Middle East and North Africa
47
Company Profile
49
AIG
49
Gulf Insurance Company
54
MetLife ALICO
59
Misr Insurance Holding Company
62
Regional Overview
66
Middle East And North Africa Life Overview
66
Table: Middle East And North Africa's Life Premiums, 2010-2017 (US$mn)
66
Middle East And North Africa Non-Life Overview
69
Table: Middle East And North Africa's Non-Life Premiums, 2010-2017 (US$mn)
69
Demographic Forecast
72
Demographic Outlook
72
Table: Egypt's Population By Age Group, 1990-2020 ('000)
73
Table: Egypt's Population By Age Group, 1990-2020 (% of total)
74
Table: Egypt's Key Population Ratios, 1990-2020
75
Table: Egypt's Rural And Urban Population, 1990-2020
75
Methodology
76
Industry Forecast Methodology
76
Risk
Risk
Table: Insurance Risk
Table: Insurance Risk
Table: Weighting Of Indicators
82

The Egypt Insurance Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.

BMI's Egypt Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Egyptian insurance industry.

Key Benefits

  • Benchmark BMI's independent insurance industry forecasts for Egypt to test other views - a key input for successful budgeting and strategic business planning in Egypt's insurance market.
  • Target business opportunities and risks in Egypt through our reviews of latest industry trends, regulatory changes and major deals, investments and macroeconomic developments.
  • Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI's key industry forecasts and views, covering the Life and Non-Life segments, the evolving competitive landscape and business operational risks.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the insurance sector and within the broader political, economic and business environment.

Regional Outlook

Individual analysis of both Life and Non-Life insurance sector developments and prospects across developed states and emerging markets - supported by BMI's global industry growth forecasts. This is followed by an in-depth evaluation of region- and country-specific trends, focusing on BMI's country-by-country market growth data.

Business Environment Ratings

BMI's Insurance Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors (Life and Non-Life) in the insurance market.

The ratings methodology makes sophisticated use of over 40 industry, economic and demographic data points and is part of BMI's integrated Country Risk-Industry Ratings products.

BMI Industry Forecasts

Historic data series (2008-2012) and forecasts to end-2018 for key industry and economic indicators (see list below) supported by explicit assumptions, plus analysis of key risks to the main forecasts. Indicators include:

Premiums: Total (US$mn), growth (% y-o-y), penetration (% of GDP), density (US$ per capita) for Life and Non-Life sectors, and total premiums.

Life: Data on gross written premiums for all major non-life segments (e.g. motor, fire, work).

Non-life: Data on gross written premiums for all major life segments (e.g. life, retirement).

Economic: Nominal GDP (US$bn), real GDP growth (%), GDP per capita (US$), population (mn), unemployment (%), exchange rate (against US$).

Competitive Landscape & Rankings

Illustration of the insurance industry via rankings tables comparing gross written premiums by company (US$mn) and market share (%). This chapter also includes in-depth regional analysis of the market position, business strategies and investment potential of the leading insurance companies.

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc