Non-Life Insurance in Egypt, Key Trends and Opportunities to 2017

Published: Feb, 2014 | Pages: 204 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
The report provides in depth market analysis, information and insights into the Egyptian non-life insurance segment, including:
The Egyptian non-life insurance segment's growth prospects by non-life insurance categories
Key trends and drivers for the non-life insurance segment
The various distribution channels in the Egyptian non-life insurance segment
The detailed competitive landscape in the non-life insurance segment in Egypt
Regulatory framework of the Egyptian insurance industry
A description of the non-life reinsurance segment in Egypt
Porter's Five Forces analysis of the non-life insurance segment

Summary
The environment of uncertainty in Egypt since the beginning of the political upheavals in 2011 has affected economic growth. GDP growth fell from 5.1% in 2010 to 1.8% in 2011 and 2.2% in 2012. However, the insurance industry was largely unaffected and registered a compound annual growth rate (CAGR) of 9.2% during the review period (2008-2012). The non-life segment accounted for 47.1% of the industry's total gross written premium, valuing EGP5.0 billion (US$0.8 billion) in 2012. The non-life segment led the industry's overall growth, supported by high demand for property and causality products during the political violence. Motor insurance accounted 40.3% of the Egyptian non-life insurance written premium in 2012, followed by property insurance with 30.5%. The non-life segment is competitive with 19 insurance companies authorized to operate under the supervision of the Egyptian Financial Supervisory Authority (EFSA).
Scope
This report provides a comprehensive analysis of the non-life insurance segment in Egypt:
It provides historical values for Egypt's non-life insurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period.
It offers a detailed analysis of the key categories in Egypt's non-life insurance segment, along with market forecasts until 2017.
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 segment.
It provides a detailed analysis of the reinsurance segment in Egypt and its growth prospects.
It profiles the top non-life insurance companies in Egypt and outlines the key regulations affecting them.
Reason To Buy
Make strategic business decisions using in depth historic and forecast market data related to the Egyptian non-life insurance segment and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities within the Egyptian non-life insurance segment.
Assess the competitive dynamics in the non-life insurance segment, 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 industry and its impact on companies and the market's future.
Key Highlights
The non-life segment accounted for 47.1% of the total gross written premium of the Egyptian insurance industry in 2012.
Increased demand for motor and property insurance during the political instability, the introduction of new products covering risks related to political violence, and increased premiums contributed to the growth.
Motor insurance accounted for the largest proportion of the Egyptian non-life insurance segment, in terms of gross written premium.
The non-life segment is currently facing challenges from the gloomy business environment and a fall in foreign direct investment.
The non-life insurance segment in Egypt is mainly dependent on traditional modes of distribution such as direct marketing, agencies and brokers.
The Egyptian non-life insurance segment is highly concentrated, with the 10 leading companies accounting for 93.9% of the total non-life segment in terms of gross written premium.

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Egyptian Insurance Industry Attractiveness
3.1 Insurance Industry Market Size, 2008-2017
3.2 Key Industry Trends and Drivers
4 Non-Life Insurance Outlook
4.1 Non-Life Insurance Growth Prospects by Category
4.1.1 Property insurance
4.1.2 Fire and allied perils insurance
4.1.3 Engineering insurance
4.2 Motor Insurance
4.2.1 Motor hull insurance
4.2.2 Motor third-party insurance
4.3 General Third-Party Insurance
4.4 Marine, Aviation and Transit Insurance
4.4.1 Marine hull insurance
4.4.2 Aviation insurance
4.4.3 Transit insurance
5 Alysis by Distribution Channels
5.1 Direct marketing
5.2 Agencies
5.3 E-Commerce
5.4 Brokers
5.5 Other channels
6 Regulatory Policies
7 Porter's Five Forces Alysis - Egyptian Non-Life Insurance
7.1 Bargaining Power of Suppliers: Medium
7.2 Bargaining Power of Buyer: Low to Medium
7.3 Barriers to Entry: Medium to High
7.4 Intensity of Rivalry: Medium
7.5 Threat of Substitutes: Low
8 Reinsurance Growth Dymics and Challenges
8.1 Reinsurance Segment Size, 2008-2017
8.2 Reinsurance Segment Size by Type of Insurance, 2008-2017
9 Competitive Landscape and Strategic Insights
9.1 Overview
9.2 Leading Companies in the Egyptian Non-Life Insurance Segment
9.3 Comparison of the Top Five Insurers
9.3.1 Gross written premium
9.3.2 Outwards reinsurance expense
9.3.3 Net earned premiums
9.3.4 Gross claims
9.3.5 Paid claims
9.3.6 Total assets
9.4 Misr Insurance Company - Company Overview
9.4.1 Misr Insurance Company - key facts
9.4.2 Misr Insurance Company - key fincials
9.5 Suez Cal Insurance Company - Company Overview
9.5.1 Suez Cal Insurance Company - key facts
9.5.2 Suez Cal Insurance Company - key fincials
9.6 Egyptian Arab Group - Company Overview
9.6.1 Egyptian Arab Group - key facts
9.6.2 Egyptian Arab Group - key fincials
9.7 Allianz Egypt Insurance Company- Company Overview
9.7.1 Allianz Egypt Insurance Company - key facts
9.7.2 Allianz Egypt Insurance Company - key fincials
9.8 Chartis Egypt Insurance Company - Company Overview
9.8.1 Chartis Egypt Insurance Company - key facts
9.8.2 Chartis Egypt Insurance Company - key fincials
9.9 Egyptian Takaful Property Insurance Company - Company Overview
9.9.1 Egyptian Takaful Property Insurance Company - key facts
9.9.2 Egyptian Takaful Property Insurance Company - key fincials
9.1 Royal Insurance Company - Company Overview
9.10.1 Royal Insurance Company - key facts
9.10.2 Royal Insurance Company - key fincials
9.11 Delta Insurance Company - Company Overview
9.11.1 Delta Insurance Company - key facts
9.11.2 Delta Insurance Company - key fincials
9.12 Egyptian Saudi Insurance House - Company Overview
9.12.1 Egyptian Saudi Insurance House - key facts
9.12.2 Egyptian Saudi Insurance House - key fincials
9.13 Mohandes Insurance Company - Company Overview
9.13.1 Mohandes Insurance Company - key facts
9.13.2 Mohandes Insurance Company - key fincials
10 Business Environment and Country Risk
10.1 Business Confidence
10.1.1 Market capitalization trend - the Egyptian Stock Exchange (EGX30), Egypt
10.2 Economic Performance
10.2.1 GDP at constant prices (US$)
10.2.2 GDP per capita at constant prices (US$)
10.2.3 GDP at current prices (US$)
10.2.4 GDP per capita at current prices (US$)
10.2.5 GDP by key segments
10.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
10.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
10.2.8 Manufacturing net output at current prices (US$)
10.2.9 Manufacturing net output at current prices as a percentage of GDP
10.2.10 Mining, manufacturing and utilities at current prices (US$)
10.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
10.2.12 Construction net output at current prices, (US$)
10.2.13 Construction net output at current prices as a percentage of GDP
10.2.14 Inflation rate
10.2.15 Merchandise exports as a percentage of GDP
10.2.16 Goods imports as a percentage of GDP
10.2.17 Annual average exchange rate EGP-US$
10.2.18 Total internet subscribers
10.3 Labor Force
10.3.1 Labor force
10.3.2 Unemployment rate
10.4 Demographics
10.4.1 Gross tiol disposable income (US$)
10.4.2 Household consumption expenditure (US$)
10.4.3 Total population
10.4.4 Urban and rural populations
10.4.5 Age distribution of the total population
11 Appendix
11.1 Methodology
11.2 Contact Timetric
11.3 About Timetric
11.4 Timetric's Services
11.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: Egyptian Insurance - Overall Written Premium by Segment (EGP Billion), 2008-2012
Table 3: Egyptian Insurance - Overall Written Premium by Segment (US$ Billion), 2008-2012
Table 4: Egyptian Insurance - Overall Written Premium by Segment (EGP Billion), 2012-2017
Table 5: Egyptian Insurance - Overall Written Premium by Segment (US$ Billion), 2012-2017
Table 6: Egyptian Insurance - Segmentation (% Share), 2008-2017
Table 7: Egyptian Non-Life Insurance - Written Premium by Category (EGP Billion), 2008-2012
Table 8: Egyptian Non-Life Insurance - Written Premium by Category (US$ Billion), 2008-2012
Table 9: Egyptian Non-Life Insurance - Written Premium by Category (EGP Billion), 2012-2017
Table 10: Egyptian Non-Life Insurance - Written Premium by Category (US$ Billion), 2012-2017
Table 11: Egyptian Non-Life Insurance - Earned Premium (EGP Billion), 2008-2012
Table 12: Egyptian Non-Life Insurance - Earned Premium (EGP Billion), 2012-2017
Table 13: Egyptian Non-Life Insurance - Paid Claims by Category (EGP Billion), 2008-2012
Table 14: Egyptian Non-Life Insurance - Paid Claims by Category (US$ Billion), 2008-2012
Table 15: Egyptian Non-Life Insurance - Paid Claims by Category (EGP Billion), 2012-2017
Table 16: Egyptian Non-Life Insurance - Paid Claims by Category (US$ Billion), 2012-2017
Table 17: Egyptian Non-Life Insurance - Incurred Loss by Category (EGP Billion), 2008-2012
Table 18: Egyptian Non-Life Insurance - Incurred Loss by Category (US$ Billion), 2008-2012
Table 19: Egyptian Non-Life Insurance - Incurred Loss by Category (EGP Billion), 2012-2017
Table 20: Egyptian Non-Life Insurance - Incurred Loss by Category (US$ Billion), 2012-2017
Table 21: Egyptian Non-Life Insurance - Loss Ratio (%), 2008-2012
Table 22: Egyptian Non-Life Insurance - Loss Ratio (%), 2012-2017
Table 23: Egyptian Non-Life Insurance - Commissions and Expenses (EGP Billion), 2008-2012
Table 24: Egyptian Non-Life Insurance - Commissions and Expenses (EGP Billion), 2012-2017
Table 25: Egyptian Non-Life Insurance - Combined Ratio (%), 2008-2012
Table 26: Egyptian Non-Life Insurance - Combined Ratio (%), 2012-2017
Table 27: Egyptian Non-Life Insurance - Frauds and Crimes (EGP Billion), 2008-2012
Table 28: Egyptian Non-Life Insurance - Frauds and Crimes (EGP Billion), 2012-2017
Table 29: Egyptian Non-Life Insurance - Total Assets (EGP Billion), 2008-2012
Table 30: Egyptian Non-Life Insurance - Total Assets (EGP Billion), 2012-2017
Table 31: Egyptian Non-Life Insurance - Total Investment Income (EGP Billion), 2008-2012
Table 32: Egyptian Non-Life Insurance - Total Investment Income (EGP Billion), 2012-2017
Table 33: Egyptian Non-Life Insurance - Retentions (EGP Billion), 2008-2012
Table 34: Egyptian Non-Life Insurance - Retentions (EGP Billion), 2012-2017
Table 35: Egyptian Property Insurance - Written Premium by Sub-Category (EGP Billion), 2008-2012
Table 36: Egyptian Property Insurance - Written Premium by Sub-Category (US$ Billion), 2008-2012
Table 37: Egyptian Property Insurance - Written Premium by Sub-Category (EGP Billion), 2012-2017
Table 38: Egyptian Property Insurance - Written Premium by Sub-Category (US$ Billion), 2012-2017
Table 39: Egyptian Property Insurance - Loss Ratio (%), 2008-2012
Table 40: Egyptian Property Insurance - Loss Ratio (%), 2012-2017
Table 41: Egyptian Fire and Allied Perils Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 42: Egyptian Fire and Allied Perils Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 43: Egyptian Fire and Allied Perils Insurance - Written Premium (EGP Billion), 2008-2012
Table 44: Egyptian Fire and Allied Perils Insurance - Written Premium (EGP Billion), 2012-2017
Table 45: Egyptian Engineering Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 46: Egyptian Engineering Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 47: Egyptian Engineering Insurance - Written Premium (EGP Billion), 2008-2012
Table 48: Egyptian Engineering Insurance - Written Premium (EGP Billion), 2012-2017
Table 49: Egyptian Motor Insurance - Written Premium by Sub-Category (EGP Billion), 2008-2012
Table 50: Egyptian Motor Insurance - Written Premium by Sub-Category (US$ Billion), 2008-2012
Table 51: Egyptian Motor Insurance - Written Premium by Sub-Category (EGP Billion), 2012-2017
Table 52: Egyptian Motor Insurance - Written Premium by Sub-Category (US$ Billion), 2012-2017
Table 53: Egyptian Motor Insurance - Loss Ratio (%), 2008-2012
Table 54: Egyptian Motor Insurance - Loss Ratio (%), 2012-2017
Table 55: Egyptian Motor Hull Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 56: Egyptian Motor Hull Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 57: Egyptian Motor Hull Insurance - Written Premium (EGP Billion), 2008-2012
Table 58: Egyptian Motor Hull Insurance - Written Premium (EGP Billion), 2012-2017
Table 59: Egyptian Motor Third-Party Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 60: Egyptian Motor Third-Party Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 61: Egyptian Motor Third-Party Insurance - Written Premium (EGP Billion), 2008-2012
Table 62: Egyptian Motor Third-Party Insurance - Written Premium (EGP Billion), 2012-2017
Table 63: Egyptian General Third-Party Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 64: Egyptian General Third-Party Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 65: Egyptian General Third-Party Insurance - Written Premium (EGP Billion), 2008-2012
Table 66: Egyptian General Third-Party Insurance - Written Premium (EGP Billion), 2012-2017
Table 67: Egyptian General Third-Party Insurance - Loss Ratio (%), 2008-2012
Table 68: Egyptian General Third-Party Insurance - Loss Ratio (%), 2012-2017
Table 69: Egyptian Marine, Aviation and Transit Insurance - Written Premium by Sub-Category (EGP Billion), 2008-2012
Table 70: Egyptian Marine, Aviation and Transit Insurance - Written Premium by Sub-Category (US$ Billion), 2008-2012
Table 71: Egyptian Marine, Aviation and Transit Insurance - Written Premium by Sub-Category (EGP Billion), 2012-2017
Table 72: Egyptian Marine, Aviation and Transit Insurance - Written Premium by Sub-Category (US$ Billion), 2012-2017
Table 73: Egyptian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2008-2012
Table 74: Egyptian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2012-2017
Table 75: Egyptian Marine Hull Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 76: Egyptian Marine Hull Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 77: Egyptian Marine Hull Insurance - Written Premium (EGP Billion), 2008-2012
Table 78: Egyptian Marine Hull Insurance - Written Premium (EGP Billion), 2012-2017
Table 79: Egyptian Aviation Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 80: Egyptian Aviation Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 81: Egyptian Aviation Insurance - Written Premium (EGP Billion), 2008-2012
Table 82: Egyptian Aviation Insurance - Written Premium (EGP Billion), 2012-2017
Table 83: Egyptian Transit Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 84: Egyptian Transit Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 85: Egyptian Transit Insurance - Written Premium (EGP Billion), 2008-2012
Table 86: Egyptian Transit Insurance - Written Premium (EGP Billion), 2012-2017
Table 87: Egyptian Non-Life Insurance - Direct Marketing Commission Paid (EGP Million), 2008-2012
Table 88: Egyptian Non-Life Insurance - Direct Marketing Commission Paid (EGP Million), 2012-2017
Table 89: Egyptian Non-Life Insurance - Written Premium Through Direct Marketing (EGP Billion), 2008-2012
Table 90: Egyptian Non-Life Insurance - Written Premium Through Direct Marketing (EGP Billion), 2012-2017
Table 91: Egyptian Non-Life Insurance - Policies Sold Through Direct Marketing (Thousand), 2008-2012
Table 92: Egyptian Non-Life Insurance - Policies Sold Through Direct Marketing (Thousand), 2012-2017
Table 93: Egyptian Non-Life Insurance - Number of Direct Marketing Distributors, 2008-2012
Table 94: Egyptian Non-Life Insurance - Number of Direct Marketing Distributors, 2012-2017
Table 95: Egyptian Non-Life Insurance - Commission Paid to Agencies (EGP Million), 2008-2012
Table 96: Egyptian Non-Life Insurance - Commission Paid to Agencies (EGP Million), 2012-2017
Table 97: Egyptian Non-Life Insurance - Written Premium Through Agencies (EGP Billion), 2008-2012
Table 98: Egyptian Non-Life Insurance - Written Premium Through Agencies (EGP Billion), 2012-2017
Table 99: Egyptian Non-Life Insurance - Policies Sold Through Agencies (Million), 2008-2012
Table 100: Egyptian Non-Life Insurance - Policies Sold Through Agencies (Million), 2012-2017
Table 101: Egyptian Non-Life Insurance - Number of Agencies, 2008-2012
Table 102: Egyptian Non-Life Insurance - Number of Agencies, 2012-2017
Table 103: Egyptian Non-Life Insurance - E-Commerce Commission Paid (EGP Million), 2008-2012
Table 104: Egyptian Non-Life Insurance - E-Commerce Commission Paid (EGP Million), 2012-2017
Table 105: Egyptian Non-Life Insurance - Written Premium Through E-Commerce (EGP Million), 2008-2012
Table 106: Egyptian Non-Life Insurance - Written Premium Through E-Commerce (EGP Million), 2012-2017
Table 107: Egyptian Non-Life Insurance - Policies Sold Through E-Commerce (Thousand), 2008-2012
Table 108: Egyptian Non-Life Insurance - Policies Sold Through E-Commerce (Thousand), 2012-2017
Table 109: Egyptian Non-Life Insurance - Number of E-Commerce Distributors, 2008-2012
Table 110: Egyptian Non-Life Insurance - Number of E-Commerce Distributors, 2012-2017
Table 111: Egyptian Non-Life Insurance - Commission Paid to Brokers (EGP Million), 2008-2012
Table 112: Egyptian Non-Life Insurance - Commission Paid to Brokers (EGP Million), 2012-2017
Table 113: Egyptian Non-Life Insurance - Written Premium Through Brokers (EGP Billion), 2008-2012
Table 114: Egyptian Non-Life Insurance - Written Premium Through Brokers (EGP Billion), 2012-2017
Table 115: Egyptian Non-Life Insurance - Policies Sold Through Brokers (Million), 2008-2012
Table 116: Egyptian Non-Life Insurance - Policies Sold Through Brokers (Million), 2012-2017
Table 117: Egyptian Non-Life Insurance - Number of Brokers, 2008-2012
Table 118: Egyptian Non-Life Insurance - Number of Brokers, 2012-2017
Table 119: Egyptian Non-Life Insurance - Commission Paid to Other Channels (EGP Million), 2008-2012
Table 120: Egyptian Non-Life Insurance - Commission Paid to Other Channels (EGP Million), 2012-2017
Table 121: Egyptian Non-Life Insurance - Written Premium Through Other Channels (EGP Billion), 2008-2012
Table 122: Non-Life Insurance - Written Premium Through Other Channels (EGP Billion), 2012-2017
Table 123: Egyptian Non-Life Insurance - Policies Sold Through Other Channels (Thousand), 2008-2012
Table 124: Egyptian Non-Life Insurance - Policies Sold Through Other Channels (Thousand), 2012-2017
Table 125: Egyptian Non-Life Insurance - Number of Distributors in Other Channels, 2008-2012
Table 126: Egyptian Non-Life Insurance - Number of Distributors in Other Channels, 2012-2017
Table 127: Reinsurance in Egypt by Category (EGP Billion), 2008-2012
Table 128: Reinsurance in Egypt by Category (US$ Billion), 2008-2012
Table 129: Reinsurance in Egypt by Category (EGP Billion), 2012-2017
Table 130: Reinsurance in Egypt by Category (US$ Billion), 2012-2017
Table 131: Egyptian Premium Ceded to Reinsurance by Type of Insurance (EGP Billion), 2008-2012
Table 132: Egyptian Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008-2012
Table 133: Egyptian Premium Ceded to Reinsurance by Type of Insurance (EGP Billion), 2012-2017
Table 134: Egyptian Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012-2017
Table 135: Egyptian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 136: Egyptian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 137: Egyptian Non-Life Insurance - Leading Companies Market Share (%), 2012
Table 138: Misr Insurance Company, Key Facts
Table 139: Misr Insurance, Key Financials (EGP Million), 2008-2012
Table 140: Suez Canal Insurance Company, Key Facts
Table 141: Suez Canal Insurance, Key Financials (EGP Million), 2008-2012
Table 142: Egyptian Arab Group, Key Facts
Table 143: Egyptian Arab Group, Key Financials (EGP Million), 2008-2012
Table 144: Allianz Egypt Insurance Company, Key Facts
Table 145: Allianz Egypt Insurance Company, Key Financials (EGP Million), 2008-2012
Table 146: Chartis Egypt Insurance Company, Key Facts
Table 147: Chartis Egypt Insurance Company, Key Financials (EGP Million), 2008-2012
Table 148: Egyptian Takaful Property Insurance Company, Key Facts
Table 149: Egyptian Takaful Property Insurance Company, Key Financials (EGP Million), 2008-2012
Table 150: Royal Insurance Company, Key Facts
Table 151: Royal Insurance, Key Financials (EGP Million), 2008-2012
Table 152: Delta Insurance Company, Key Facts
Table 153: Delta Insurance Company, Key Financials (EGP Million), 2008-2012
Table 154: Egyptian Saudi Insurance House, Key Facts
Table 155: Egyptian Saudi Insurance House, Key Financials (EGP Million), 2008-2012
Table 156: Mohandes Insurance Company, Key Facts
Table 157: Mohandes Insurance Company, Key Financials (EGP Million), 2008-2012