Non-Life Insurance in Egypt, Key Trends and Opportunities to 2016

The report provides in depth market analysis, information and insights into the Egyptian non-life insurance market, including:

• The Egyptian non-life insurance market’s growth prospects by non-life insurance categories
• The various distribution channels in the Egyptian non-life insurance market
• The competitive landscape in the non-life insurance market in Egypt
• A description of the non-life reinsurance market in Egypt

The Egyptian non-life insurance segment was largely influenced by increases in GDP, automobile sales and the commercial construction industry. Motor insurance accounted for the largest market share of the Egyptian non-life insurance segment during the review period, in terms of gross written premium, followed by property insurance in 2011. Motor insurance is expected to lead the Egyptian non-life insurance segment over the forecast period. The rise in the number of road accidents increased consumer awareness of motor hull and motor third-party liability insurance.

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Report Details:
Published: August 2012
No. of Pages: 250
Price:Single User License:US$1950 Corporate User License:US$3900


Scope
This report provides a comprehensive analysis of the non-life insurance market in Egypt:

• It provides historical values for the Egyptian non-life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
• It offers a detailed analysis of the key sub-segments in the Egyptian non-life insurance market, along with market forecasts until 2016
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
• It analyses the various distribution channels for non-life insurance products in Egypt
• Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Egypt for the non-life insurance business
• It provides a detailed analysis of the reinsurance market in Egypt and its growth prospects
• It profiles the top non-life insurance companies in Egypt and outlines the key regulations affecting them

Key highlights

• The growth in Egyptian GDP, which is expected to increase further over the forecast period in the presence of liberalization, is expected to drive the growth of the non-life insurance segment.
• The rise in number of road accidents is expected to encourage growth of the Egyptian non-life insurance segment over the forecast period. The large share of motor insurance is expected to play a major role in the growth of the Egyptian non-life insurance segment over the forecast period.
• Growth in the middle class population, which constituted 31% of the overall population in 2011, and increased risk awareness among consumers regarding the benefits of non-life insurance, are factors expected to drive growth in the segment over the forecast period, as well as the presence of mandatory motor third-party liability insurance.
• Flexibility in regulations, an insurance industry with low penetration and the implementation of privatization and liberalization policies encouraged foreign insurance brokers and agencies to enter the industry during the review period, resulting in an overall increase in the number of brokers and insurance agents.
• Out of all of the distribution channels, insurance brokers are expected to continue their dominance of the Egyptian non-life insurance segment over the forecast period.
• The Egyptian non-life insurance segment comprises both domestic and foreign insurers. As of 2010, there were 20 non-life insurance companies authorized to pursue non-life insurance business in Egypt under the supervision of EFSA.

Reasons to buy

• Make strategic business decisions using in depth historic and forecast market data related to the Egyptian non-life insurance market and each sector within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Egyptian non-life insurance market
• Assess the competitive dynamics in the non-life insurance market, along with the reinsurance segment
• Identify the growth opportunities and market dynamics within key product categories
• Gain insights into key regulations governing the Egyptian insurance market and its impact on companies and the market's future