Personal Accident and Health Insurance in Egypt, Key Trends and Opportunities to 2017

Published: Feb, 2014 | Pages: 171 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


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

Summary
In Egypt, personal accident and health insurance is provided by both public and private companies. Insurance products offered by private insurers are complementary and the government is the principal contributor to healthcare services. However, factors such as rising public concerns regarding escalating healthcare expenses, strain on public finances on account of political uncertainly and an increasing population drove growth in personal accident and health insurance during the review period (2008-2012). In terms of gross written premium, the personal accident and health segment valued EGP1.1 billion (US$0.2 billion) in 2012, accounting for 10.5% of the total Egyptian insurance industry. The health insurance category accounted for the largest share of premiums in 2012 with 51.4%, followed by the personal accident category with 47.5%. 
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 2008-2012 review period and forecast figures for the 2012-2017 forecast period.
It offers a detailed analysis of the key sub-segments in Egyptian personal accident and health 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 personal accident and health insurance products in Egypt.
Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Egypt for the personal accident and health insurance segment.
It provides a detailed analysis of the reinsurance segment in Egypt and its growth prospects.
It profiles the top personal accident and health 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 personal accident and health insurance segment and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities within the Egyptian personal accident and health insurance segment.
Assess the competitive dynamics in the personal accident and health 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
 Services offered by private insurers are complementary and the government is the main contributor to healthcare services.
Demand for health insurance, provided by private health insurers as a complementary product, grew steadily over the review period.
The Egyptian government has allocated EGP27.41 billion (US$4.08 billion) in its 2012-2013 budget to improving the healthcare sector, an 18% increase over 2011-2012.
The personal accident and health segment is expected to register a CAGR of 9.8% over the forecast period.
The Egyptian personal accident and health segment is highly concentrated and competitive, with the country's 10-leading insurers collectively accounting for 91.6% of the segment's gross written premiums in 2012.

 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 Persol Accident and Health Insurance Segment Outlook
4.1 Persol Accident and Health Insurance Growth Prospects by Category
4.1.1 Persol accident
4.1.2 Travel insurance
4.1.3 Health 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 Persol Accident and Health Insurance
7.1 Bargaining Power of Suppliers: High
7.2 Bargaining Power of Buyers: Medium
7.3 Barriers to Entry: Low to Medium
7.4 Intensity of Rivalry: Medium
7.5 Threat of Substitutes: Medium
8 Reinsurance Growth Dymics and Challenges
8.1 Reinsurance segment size, 2008-2012
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 Persol Accident and Health Insurance Segment
9.3 Comparison of Top-Five Insurers
9.3.1 Gross written premium
9.3.2 Net earned premiums
9.3.3 Gross claims
9.3.4 Paid claims
9.3.5 Outward reinsurance expense
9.4 Egypt Insurance Company - Company Overview
9.4.1 Egypt Insurance Company - key facts
9.4.2 Egypt Insurance Company - key fincials
9.5 Bupa Egypt Insurance Company- Company Overview
9.5.1 Bupa Egypt Insurance Company - key facts
9.5.2 Bupa Egypt Insurance Company - key fincials
9.6 Delta Insurance Company - Company Overview
9.6.1 Delta Insurance Company - key facts
9.6.2 Delta Insurance Company - key fincials
9.7 Chartis Egypt Insurance Company - Company Overview
9.7.1 Chartis Egypt Insurance Company - key facts
9.7.2 Chartis Egypt Insurance Company - key fincials
9.8 Suez Cal Insurance Company - Company Overview
9.8.1 Suez Cal Insurance Company - key facts
9.8.2 Suez Cal Insurance Company - key fincials
9.9 The Egyptian Association for Cooperative Insurance - Company Overview
9.9.1 The Egyptian Association for Cooperative Insurance - key facts
9.9.2 The Egyptian Association for Cooperative Insurance - key fincials
9.1 Egyptian Arab Group - Company Overview
9.10.1 Egyptian Arab Group - key facts
9.10.2 Egyptian Arab Group - key fincials
9.11 Egyptian Takaful Property Insurance Company - Company Overview
9.11.1 Egyptian Takaful Property Insurance Company - key facts
9.11.2 Egyptian Takaful Property Insurance Company - key fincials
9.12 Allianz Egypt Insurance Company- Company Overview
9.12.1 Allianz Egypt Insurance Company - key facts
9.12.2 Allianz Egypt Insurance Company - key fincials
9.13 Royal Insurance Company - Company Overview
9.13.1 Royal Insurance Company - key facts
9.13.2 Royal 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 Persol Accident and Health Insurance - Written Premium by Category (EGP Billion), 2008-2012
Table 8: Egyptian Persol Accident and Health Insurance - Written Premium by Category (US$ Billion), 2008-2012
Table 9: Egyptian Persol Accident and Health Insurance - Written Premium by Category (EGP Billion), 2012-2017
Table 10: Egyptian Persol Accident and Health Insurance - Written Premium by Category (US$ Billion), 2012-2017
Table 11: Egyptian Persol Accident and Health Insurance - Earned Premium (EGP Billion), 2008-2012
Table 12: Egyptian Persol Accident and Health Insurance - Earned Premium (EGP Billion), 2012-2017
Table 13: Egyptian Persol Accident and Health Insurance - Paid Claims by Category (EGP Million), 2008-2012
Table 14: Egyptian Persol Accident and Health Insurance - Paid Claims by Category (US$ Million), 2008-2012
Table 15: Egyptian Persol Accident and Health Insurance - Paid Claims by Category (EGP Million), 2012-2017
Table 16: Egyptian Persol Accident and Health Insurance - Paid Claims by Category (US$ Million), 2012-2017
Table 17: Egyptian Persol Accident and Health Insurance - Incurred Loss by Category (EGP Million), 2008-2012
Table 18: Egyptian Persol Accident and Health Insurance - Incurred Loss by Category (US$ Million), 2008-2012
Table 19: Egyptian Persol Accident and Health Insurance - Incurred Loss by Category (EGP Million), 2012-2017
Table 20: Egyptian Persol Accident and Health Insurance - Incurred Loss by Category (US$ Million), 2012-2017
Table 21: Egyptian Persol Accident and Health Insurance - Loss Ratio (%), 2008-2012
Table 22: Egyptian Persol Accident and Health Insurance - Loss Ratio (%), 2012-2017
Table 23: Egyptian Persol Accident and Health Insurance - Commissions and Expenses (EGP Billion), 2008-2012
Table 24: Egyptian Persol Accident and Health Insurance - Commissions and Expenses (EGP Billion), 2012-2017
Table 25: Egyptian Persol Accident and Health Insurance - Combined Ratio (%), 2008-2012
Table 26: Egyptian Persol Accident and Health Insurance - Combined Ratio (%), 2012-2017
Table 27: Egyptian Persol Accident and Health Insurance - Frauds and Crimes (EGP Million), 2008-2012
Table 28: Egyptian Persol Accident and Health Insurance - Frauds and Crimes (EGP Million), 2012-2017
Table 29: Egyptian Persol Accident and Health Insurance - Total Assets (EGP Billion), 2008-2012
Table 30: Egyptian Persol Accident and Health Insurance - Total Assets (EGP Billion), 2012-2017
Table 31: Egyptian Persol Accident and Health Insurance - Total Investment Income (EGP Billion), 2008-2012
Table 32: Egyptian Persol Accident and Health Insurance - Total Investment Income (EGP Billion), 2012-2017
Table 33: Egyptian Persol Accident and Health Insurance - Retentions (EGP Billion), 2008-2012
Table 34: Egyptian Persol Accident and Health Insurance - Retentions (EGP Billion), 2012-2017
Table 35: Egyptian Persol Accident Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 36: Egyptian Persol Accident Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 37: Egyptian Persol Accident Insurance - Written Premium (EGP Billion), 2008-2012
Table 38: Egyptian Persol Accident Insurance - Written Premium (EGP Billion), 2012-2017
Table 39: Egyptian Persol Accident Insurance - Loss Ratio (%), 2008-2012
Table 40: Egyptian Persol Accident Insurance - Loss Ratio (%), 2012-2017
Table 41: Egyptian Travel Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 42: Egyptian Travel Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 43: Egyptian Travel Insurance - Written Premium (EGP Million), 2008-2012
Table 44: Egyptian Travel Insurance - Written Premium (EGP Million), 2012-2017
Table 45: Egyptian Travel Insurance - Loss Ratio (%), 2008-2012
Table 46: Egyptian Travel Insurance - Loss Ratio (%), 2012-2017
Table 47: Egyptian Health Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 48: Egyptian Health Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 49: Egyptian Health Insurance - Written Premium (EGP Billion), 2008-2012
Table 50: Egyptian Health Insurance - Written Premium (EGP Billion), 2012-2017
Table 51: Egyptian Health Insurance - Loss Ratio (%), 2008-2012
Table 52: Egyptian Health Insurance - Loss Ratio (%), 2012-2017
Table 53: Egyptian Persol Accident and Health Insurance - Direct Marketing Commission Paid (EGP Million), 2008-2012
Table 54: Egyptian Persol Accident and Health Insurance - Direct Marketing Commission Paid (EGP Million), 2012-2017
Table 55: Egyptian Persol Accident and Health Insurance - Written Premium Through Direct Marketing (EGP Million), 2008-2012
Table 56: Egyptian Persol Accident and Health Insurance - Written Premium Through Direct Marketing (EGP Million), 2012-2017
Table 57: Egyptian Persol Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2008-2012
Table 58: Egyptian Persol Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2012-2017
Table 59: Egyptian Persol Accident and Health Insurance - Number of Direct Marketing Distributors, 2008-2012
Table 60: Egyptian Persol Accident and Health Insurance - Number of Direct Marketing Distributors, 2012-2017
Table 61: Egyptian Persol Accident and Health Insurance - Commission Paid to Agencies (EGP Million), 2008-2012
Table 62: Egyptian Persol Accident and Health Insurance - Commission Paid to Agencies (EGP Million), 2012-2017
Table 63: Egyptian Persol Accident and Health Insurance - Written Premium Through Agencies (EGP Million), 2008-2012
Table 64: Egyptian Persol Accident and Health Insurance - Written Premium Through Agencies (EGP Million), 2012-2017
Table 65: Egyptian Persol Accident and Health Insurance - Policies Sold Through Agencies (Million), 2008-2012
Table 66: Egyptian Persol Accident and Health Insurance - Policies Sold Through Agencies (Million), 2012-2017
Table 67: Egyptian Persol Accident and Health Insurance - Number of Agencies, 2008-2012
Table 68: Egyptian Persol Accident and Health Insurance - Number of Agencies, 2012-2017
Table 69: Egyptian Persol Accident and Health Insurance - E-Commerce Commission Paid (EGP Million), 2008-2012
Table 70: Egyptian Persol Accident and Health Insurance - E-Commerce Commission Paid (EGP Million), 2012-2017
Table 71: Egyptian Persol Accident and Health Insurance - Written Premium Through E-Commerce (EGP Million), 2008-2012
Table 72: Egyptian Persol Accident and Health Insurance - Written Premium Through E-Commerce (EGP Million), 2012-2017
Table 73: Egyptian Persol Accident and Health Insurance - Policies Sold Through E-Commerce (Thousand), 2008-2012
Table 74: Egyptian Persol Accident and Health Insurance - Policies Sold Through E-Commerce (Thousand), 2012-2017
Table 75: Egyptian Persol Accident and Health Insurance - Number of E-Commerce Distributors, 2008-2012
Table 76: Egyptian Persol Accident and Health Insurance - Number of E-Commerce Distributors, 2012-2017
Table 77: Egyptian Persol Accident and Health Insurance - Commission Paid to Brokers (EGP Million), 2008-2012
Table 78: Egyptian Persol Accident and Health Insurance - Commission Paid to Brokers (EGP Million), 2012-2017
Table 79: Egyptian Persol Accident and Health Insurance - Written Premium Through Brokers (EGP Million), 2008-2012
Table 80: Egyptian Persol Accident and Health Insurance - Written Premium Through Brokers (EGP Million), 2012-2017
Table 81: Egyptian Persol Accident and Health Insurance - Policies Sold Through Brokers (Million), 2008-2012
Table 82: Egyptian Persol Accident and Health Insurance - Policies Sold Through Brokers (Million), 2012-2017
Table 83: Egyptian Persol Accident and Health Insurance - Number of Brokers, 2008-2012
Table 84: Egyptian Persol Accident and Health Insurance - Number of Brokers, 2012-2017
Table 85: Egyptian Persol Accident and Health Insurance - Commission Paid to Other Channels (EGP Million), 2008-2012
Table 86: Egyptian Persol Accident and Health Insurance - Commission Paid to Other Channels (EGP Million), 2012-2017
Table 87: Egyptian Persol Accident and Health Insurance - Written Premium Through Other Channels (EGP Million), 2008-2012
Table 88: Egyptian Persol Accident and Health Insurance - Written Premium Through Other Channels (EGP Million), 2012-2017
Table 89: Egyptian Persol Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2008-2012
Table 90: Egyptian Persol Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2012-2017
Table 91: Egyptian Persol Accident and Health Insurance - Number of Distributors in Other Channels, 2008-2012
Table 92: Egyptian Persol Accident and Health Insurance - Number of Distributors in Other Channels, 2012-2017
Table 93: Reinsurance in Egypt by Category (EGP Billion), 2008-2012
Table 94: Reinsurance in Egypt by Category (US$ Billion), 2008-2012
Table 95: Reinsurance in Egypt by Category (EGP Billion), 2012-2017
Table 96: Reinsurance in Egypt by Category (US$ Billion), 2012-2017
Table 97: Egyptian Premium Ceded to Reinsurance by Type of Insurance (EGP Billion), 2008-2012
Table 98: Egyptian Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008-2012
Table 99: Egyptian Premium Ceded to Reinsurance by Type of Insurance (EGP Billion), 2012-2017
Table 100: Egyptian Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012-2017
Table 101: Egyptian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 102: Egyptian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 103: Egyptian Persol Accident and Health Insurance - Market Shares (%), 2012
Table 104: Egypt Insurance Company, Key Facts
Table 105: Egypt Insurance Company, Key Fincials (EGP Million), 2008-2012
Table 106: Bupa Egypt Insurance Company, Key Facts
Table 107: Bupa Egypt Insurance Company, Key Fincials (EGP Million), 2008-2012
Table 108: Delta Insurance Company, Key Facts
Table 109: Delta Insurance Company, Key Fincials (EGP Million), 2008-2012
Table 110: Chartis Egypt Insurance Company, Key Facts
Table 111: Chartis Egypt Insurance Company, Key Fincials (EGP Million), 2008-2012
Table 112: Suez Cal Insurance Company, Key Facts
Table 113: Suez Cal Insurance Company, Key Fincials (EGP Million), 2008-2012
Table 114: The Egyptian Association for Cooperative Insurance, Key Facts
Table 115: The Egyptian Association for Cooperative Insurance, Key Fincials (EGP Million), 2008-2012
Table 116: Egyptian Arab Group, Key Facts
Table 117: Egyptian Arab Group, Key Fincials (EGP Million), 2008-2012
Table 118: Egyptian Takaful Property Insurance Company, Key Facts
Table 119: Egyptian Takaful Property Insurance Company, Key Fincials (EGP Million), 2008-2012
Table 120: Allianz Egypt Insurance Company, Key Facts
Table 121: Allianz Egypt Insurance Company, Key Fincials (EGP Million), 2008-2012
Table 122: Royal Insurance Company, Key Facts
Table 123: Royal Insurance Company, Key Fincials (EGP Million), 2008-2012