Reinsurance in Egypt, Key Trends and Opportunities to 2017

Published: Feb, 2014 | Pages: 63 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
The report provides in depth market analysis, information and insights into the Egyptian reinsurance segment, including:
The Egyptian reinsurance segment's growth prospects by reinsurance categories
Key trends and drivers for the reinsurance segment
The Egyptian reinsurance segment's growth prospects by reinsurance ceded from direct insurance segments
The competitive landscape in the Egyptian reinsurance segment

Summary
The political upheaval which began in Egypt in 2011 had a drastic economic impact on the country. The GDP growth rate declined from 5.1% in 2011 to 1.8% in 2011 and 2.2% in 2012. According to the Insurance Federation of Egypt (IFE), the political violence in 2011 led to losses of EGP1 billion (US$0.17 billion). In this challenging environment, reinsurance companies enforced stricter conditions in renewal agreements. In the absence of specialized domestic reinsurance companies, Egyptian insurers cede to foreign reinsurance companies such as African Re and Misr Insurance Company. Demand for reinsurance grew at a compound annual growth rate (CAGR) of 20.3% during the review period (2008-2012), and the written premium of the Egyptian reinsurance segment increased from EGP0.21 billion (US$40 million) in 2008 to EGP0.45 billion (US$74 million) in 2012.
Scope
This report provides a comprehensive analysis of the reinsurance segment in Egypt:
It provides historical values for Egypt's reinsurance 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 Egypt's reinsurance segment, along with market forecasts until 2017.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Egypt and its growth prospects.
Reason To Buy
Make strategic business decisions using in-depth historic and forecast market data related to the Egyptian reinsurance segment and each sector within it.
Understand the demand-side dynamics, key market trends and growth opportunities within the Egyptian 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
Being an integral part of the Egyptian insurance industry's risk-management program and contingency plan, demand for reinsurance grew at a CAGR of 20.3% during the review period, amidst rising political uncertainty.
As there is no specialized domestic reinsurer in Egypt, insurance companies cede to foreign reinsurers such as African Re and Misr Insurance Company.
According to Egyptian insurance regulations, every insurer operating in the country is legally obliged to cede a minimum of 5% of its written premium to African Re.
The treaty reinsurance category has been growing since 2010, when a change in Egyptian insurance regulations allowed Misr Insurance Company to write reinsurance premium in the country.

 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 Reinsurance Growth Dymics and Challenges
3.2.1 Reinsurance segment size, 2008-2012
3.2.2 Reinsurance segment size by type of insurance, 2008-2017
4 Key Industry Trends and Drivers
4.1 Fundamental Business Drivers
4.2 Life Insurance Segment Drivers
4.3 Non-Life Insurance Segment Drivers
4.4 Persol Accident and Health Insurance Segment Drivers
5 Competitive Landscape and Strategic Insights
5.1 Overview
6 Business Environment and Country Risk
6.1 Business Confidence
6.1.1 Market capitalization trend - the Egyptian Stock Exchange (EGX30), Egypt
6.2 Economic Performance
6.2.1 GDP at constant prices (US$)
6.2.2 GDP per capita at constant prices (US$)
6.2.3 GDP at current prices (US$)
6.2.4 GDP per capita at current prices (US$)
6.2.5 GDP by key segments
6.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
6.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
6.2.8 Manufacturing net output at current prices (US$)
6.2.9 Manufacturing net output at current prices as a percentage of GDP
6.2.10 Mining, manufacturing and utilities at current prices (US$)
6.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
6.2.12 Construction net output at current prices, (US$)
6.2.13 Construction net output at current prices as a percentage of GDP
6.2.14 Inflation rate
6.2.15 Merchandise exports as a percentage of GDP
6.2.16 Goods imports as a percentage of GDP
6.2.17 Annual average exchange rate EGP-US$
6.2.18 Total internet subscribers
6.3 Labor Force
6.3.1 Labor force
6.3.2 Unemployment rate
6.4 Demographics
6.4.1 Gross tiol disposable income (US$)
6.4.2 Household consumption expenditure (US$)
6.4.3 Total population
6.4.4 Urban and rural populations
6.4.5 Age distribution of the total population
7 Appendix
7.1 Methodology
7.2 Contact Timetric
7.3 About Timetric
7.4 Timetric's Services
7.5 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: Reinsurance in Egypt by Category (EGP Billion), 2008-2012
Table 8: Reinsurance in Egypt by Category (US$ Billion), 2008-2012
Table 9: Reinsurance in Egypt by Category (EGP Billion), 2012-2017
Table 10: Reinsurance in Egypt by Category (US$ Billion), 2012-2017
Table 11: Egyptian Premium Ceded to Reinsurance by Type of Insurance (EGP Billion), 2008-2012
Table 12: Egyptian Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008-2012
Table 13: Egyptian Premium Ceded to Reinsurance by Type of Insurance (EGP Billion), 2012-2017
Table 14: Egyptian Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012-2017
Table 15: Egyptian Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 16: Egyptian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 17: Egyptian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 18: Egyptian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 19: Egyptian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 20: Egyptian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017