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Life Insurance in Egypt, Key Trends and Opportunities to 2018

Published By :

Timetric

Published Date : Nov 2014

Category :

Life Insurance

No. of Pages : 242 Pages

Synopsis

The report provides in-depth market analysis, information and insights into the Egyptian life insurance segment, including:
  • The Egyptian life insurance segment’s growth prospects by life insurance category
  • Key trends and drivers for the life insurance segment
  • The various distribution channels in the Egyptian life insurance segment
  • The detailed competitive landscape in the life insurance segment in Egypt
  • Detailed regulatory policies of the Egyptian insurance industry
  • Analysis of various consumer segments in Egyptian life insurance
  • Key developments in the Egyptian life insurance segment
  • New products launched by Egyptian life insurers

Executive summary

The political upheaval of 2011 is still affecting Egypt, and the country is moving through a transitional phase with low level of foreign direct investment (FDI), a high budget deficit, rising poverty rates and high unemployment. The difficult political situation had a negative effect on Egyptian life insurers in 2013. The Egyptian life insurance segment accounted for 41.2% of the industry’s gross written premium in 2013. The segment grew at a review-period CAGR of 14.4% in 2013. Individual life accounted for the highest share among all categories in the segment with 32.4% in 2013, followed by group whole life with 19.5%. The extraordinarily low life insurance penetration of 0.30% not only presents numerous growth opportunities for existing insurers, but also encourages other multinationals to enter the segment. The government is creating a favorable environment for the industry, and the reintroduction of bancassurance and allowance of professionally managed mutual funds should benefit the segment.


Scope

This report provides a comprehensive analysis of the life insurance segment in Egypt:
  • It provides historical values for the Egyptian life insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key categories in the Egyptian life insurance segment, along with market forecasts until 2018.
  • 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 life insurance products in Egypt.
  • It profiles the top life insurance companies in Egypt and outlines the key regulations affecting them.

Reasons to buy

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

Key highlights

  • The Egyptian life insurance segment is concentrated, with the five leading companies accounting for 89.3% of the segment’s gross written premium in 2013.
  • The life segment accounted for 41.2% of the overall insurance industry’s gross written premium in 2013. 
  • In 2013, the CBE removed the ban on bancassurance, which should benefit life insurance business.
  • The life segment in Egypt is still in its infancy, with products largely standardized, although insurers are developing and upgrading products to meet changing consumer needs due to the country’s volatile political and economic condition.
  • The extraordinarily low life insurance penetration of 0.30% in 2013 not only presents numerous growth opportunities to existing insurers, but also encourages other multinationals to enter the segment.
Table of Contents

1 Key Facts and Events

2 Executive Summary

3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology

4 Egyptian Insurance Industry Attractiveness
4.1 Insurance Industry Size, 2009–2018

5 Life Insurance Outlook
5.1 Consumer Segmentation
5.2 Key Drivers
5.3 Key Trends
5.4 Challenges
5.5 Life Insurance Growth Prospects by Category
5.6 Individual Life Insurance
5.6.1 Individual whole life insurance
5.6.2 Individual pension insurance
5.6.3 Other individual insurance
5.7 Group Life Insurance
5.7.1 Group whole life insurance
5.7.2 Group superannuation insurance
5.8 Life Insurance Growth Prospects by Customer Segment
5.8.1 Individual single-premium insurance
5.8.2 Individual non-single-premium insurance
5.8.3 Group single-premium insurance
5.8.4 Group non-single-premium insurance
5.9 Life Insurance Growth Prospects by Product Type
5.9.1 Total linked insurance business
5.9.2 Total non-linked insurance business

6 Analysis by Distribution Channel
6.1 Direct Marketing
6.2 Agencies
6.3 E-commerce
6.4 Brokers
6.5 Other Channels

7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Legislation and Market Practice by Type of Insurance
7.2.1 Life insurance
7.2.2 Property insurance
7.2.3 Motor insurance
7.2.4 Marine, aviation and transit insurance
7.2.5 Personal accident and health insurance
7.3 Compulsory Insurance
7.3.1 Motor third-party liability insurance
7.3.2 Social Insurance System
7.3.3 Aviation third-party liability insurance
7.4 Supervision and Control
7.4.1 International Association of Insurance Supervisors (IAIS)
7.4.2 Egyptian Financial Supervisory Authority (EFSA)
7.5 Non-Admitted Insurance Regulations
7.5.1 Overview
7.5.2 Intermediaries
7.5.3 Market practices
7.5.4 Fines and penalties
7.6 Company Registration and Operations
7.6.1 Types of insurance organization
7.6.2 Establishing a local company
7.6.3 Foreign ownership
7.6.4 Types of license
7.6.5 Capital requirements
7.6.6 Solvency margins
7.6.7 Reserve requirements
7.6.8 Investment regulations
7.6.9 Statutory return requirements
7.6.10 Fee structure
7.7 Taxation
7.7.1 Insurance premium or policy taxation
7.7.2 Withholding taxes on premium paid overseas
7.7.3 Corporate tax
7.7.4 VAT
7.7.5 Captives
7.8 Legal System
7.8.1 Introduction
7.8.2 Access to court
7.8.3 Alternative dispute resolution (ADR)

8 Competitive Landscape and Strategic Insights
8.1 Overview
8.2 Leading Companies in the Life segment
8.2.1 Comparison of the leading five insurers’ net written premium
8.2.2 Paid claims
8.2.3 Total assets
8.2.4 Investment income
8.3 Leading Life Insurers – New Product Launches
8.4 Leading Life Insurers – Key Developments
8.5 Misr Life Insurance Company – Company Overview
8.5.1 Misr Life Insurance Company – key facts
8.5.2 Misr Life Insurance Company – key financials
8.6 Allianz Egypt Insurance Company SAE – Company Overview
8.6.1 Allianz Egypt Insurance Company SAE – key facts
8.6.2 Allianz Egypt Insurance Company SAE – key financials
8.7 Pharaonic American Life Insurance Company – Company Overview
8.7.1 Pharaonic American Life Insurance Company – key facts
8.7.2 Pharaonic American Life Insurance Company – key financials
8.8 Commercial International Life Insurance Company – Company Overview
8.8.1 Commercial International Life Insurance Company – key facts
8.8.2 Commercial International Life Insurance Company – key financials
8.9 NSGB Life Insurance – Company Overview
8.9.1 NSGB Life Insurance – key facts
8.9.2 NSGB Life Insurance – key financials
8.10 Suez Canal Insurance Company– Company Overview
8.10.1 Suez Canal Insurance Company – key facts
8.10.2 Suez Canal Insurance Company – key financials
8.11 Delta Insurance Company – Company Overview
8.11.1 Delta Insurance Co. – key facts
8.11.2 Delta Insurance Co.– key financials
8.12 Egyptian Takaful Life Insurance Company – Overview
8.12.1 Egyptian Takaful Life Insurance Company – key facts
8.12.2 Egyptian Takaful Life Insurance – key financials
8.13 ACE Life Insurance – Overview
8.13.1 ACE Life Insurance – key facts
8.13.2 ACE Life Insurance – key financials
8.14 Mohandes Insurance Company – Overview
8.14.1 Mohandes Insurance Company – key facts
8.14.2 Mohandes Insurance Company – key financials

9 Appendix – 1
9.1 Market Capitalization Trend – Egyptian Stock Exchange (EGX30), Egypt
9.2 GDP at Constant Prices (US$)
9.3 GDP per Capita at Constant Prices (US$)
9.4 GDP at Current Prices (US$)
9.5 GDP Per Capita at Current Prices (US$)
9.6 Inflation Rate
9.7 Unemployment Rate
9.8 Household Consumption Expenditure (US$)
9.9 Urban and Rural Populations
9.1 Age Distribution of the Total Population

10 Appendix – 2
10.1 Methodology
10.2 Contact Timetric
10.3 About Timetric
10.4 Timetric’s Services
10.5 Disclaimer

List of Table

Table 1: Egyptian Life Insurance – Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: Egyptian Insurance – Gross Written Premium by Segment (EGP Billion), 2009–2013
Table 4: Egyptian Insurance – Gross Written Premium by Segment (US$ Billion), 2009–2013
Table 5: Egyptian Insurance – Gross Written Premium by Segment (EGP Billion), 2013–2018
Table 6: Egyptian Insurance – Gross Written Premium by Segment (US$ Billion), 2013–2018
Table 7: Egyptian Insurance – Segmentation, Gross Written Premium (% Share), 2009–2018
Table 8: Egyptian Insurance – Direct Written Premium by Segment (EGP Billion), 2009–2013
Table 9: Egyptian Insurance – Direct Written Premium by Segment (US$ Billion), 2009–2013
Table 10: Egyptian Insurance – Direct Written Premium by Segment (EGP Billion), 2013–2018
Table 11: Egyptian Insurance – Direct Written Premium by Segment (US$ Billion), 2013–2018
Table 12: Egyptian Insurance – Segmentation, Direct Written Premium (% Share), 2009–2018
Table 13: Egyptian Life Insurance – Gross Written Premium by Category (EGP Million), 2009–2013
Table 14: Egyptian Life Insurance – Gross Written Premium by Category (US$ Million), 2009–2013
Table 15: Egyptian Life Insurance – Gross Written Premium by Category (EGP Million), 2013–2018
Table 16: Egyptian Life Insurance – Gross Written Premium by Category (US$ Million), 2013–2018
Table 17: Egyptian Life Insurance – New Business Written Premium (EGP Billion), 2009–2013
Table 18: Egyptian Life Insurance – New Business Written Premium (EGP Billion), 2013–2018
Table 19: Egyptian Life Insurance – Earned Premium (EGP Billion), 2009–2013
Table 20: Egyptian Life Insurance – Earned Premium (EGP Billion), 2013–2018
Table 21: Egyptian Life Insurance – Sum Assured (EGP Billion), 2009–2013
Table 22: Egyptian Life Insurance – Sum Assured (EGP Billion), 2013–2018
Table 23: Egyptian Life Insurance – Paid Claims (EGP Billion), 2009–2013
Table 24: Egyptian Life Insurance – Paid Claims (EGP Billion), 2013–2018
Table 25: Egyptian Life Insurance – Incurred Loss (EGP Billion), 2009–2013
Table 26: Egyptian Life Insurance – Incurred Loss (EGP Billion), 2013–2018
Table 27: Egyptian Life Insurance – Loss Ratio (%), 2009–2013
Table 28: Egyptian Life Insurance – Loss Ratio (%), 2013–2018
Table 29: Egyptian Life Insurance – Commissions and Expenses (EGP Billion), 2009–2013
Table 30: Egyptian Life Insurance – Commissions and Expenses (EGP Billion), 2013–2018
Table 31: Egyptian Life Insurance – Combined Ratio (%), 2009–2013
Table 32: Egyptian Life Insurance – Combined Ratio (%), 2013–2018
Table 33: Egyptian Life Insurance – Fraud and Crimes (EGP Million), 2009–2013
Table 34: Egyptian Life Insurance – Fraud and Crimes (EGP Million), 2013–2018
Table 35: Egyptian Life Insurance – Total Assets (EGP Billion), 2009–2013
Table 36: Egyptian Life Insurance – Total Assets (EGP Billion), 2013–2018
Table 37: Egyptian Life Insurance – Total Investment Income (EGP Million), 2009–2013
Table 38: Egyptian Life Insurance – Total Investment Income (EGP Million), 2013–2018
Table 39: Egyptian Life Insurance – Retentions (EGP Billion), 2009–2013
Table 40: Egyptian Life Insurance – Retentions (EGP Billion), 2013–2018
Table 41: Egyptian Individual Life Insurance – Gross Written Premium by Category (EGP Million), 2009–2013
Table 42: Egyptian Individual Life Insurance – Gross Written Premium by Category (US$ Million), 2009–2013
Table 43: Egyptian Individual Life Insurance – Gross Written Premium by Category (EGP Million), 2013–2018
Table 44: Egyptian Individual Life Insurance – Gross Written Premium by Category (US$ Million), 2013–2018
Table 45: Egyptian Individual Life Insurance – Direct Written Premium by Category (EGP Million), 2009–2013
Table 46: Egyptian Individual Life Insurance – Direct Written Premium by Category (US$ Million), 2009–2013
Table 47: Egyptian Individual Life Insurance – Direct Written Premium by Category (EGP Million), 2013–2018
Table 48: Egyptian Individual Life Insurance – Direct Written Premium by Category (US$ Million), 2013–2018
Table 49: Egyptian Individual Life Insurance – Policies by Category (Thousand), 2009–2013
Table 50: Egyptian Individual Life Insurance – Policies Premium by Category (Thousand), 2013–2018
Table 51: Egyptian Individual Whole Life Insurance – Number of Active Policies (Thousand), 2009–2013
Table 52: Egyptian Individual Whole Life Insurance – Number of Active Policies (Thousand), 2013–2018
Table 53: Egyptian Individual Whole Life Insurance – Gross Written Premium (EGP Billion), 2009–2013
Table 54: Egyptian Individual Whole Life Insurance – Gross Written Premium (EGP Billion), 2013–2018
Table 55: Egyptian Individual Pension Insurance – Number of Active Policies (Thousand), 2009–2013
Table 56: Egyptian Individual Pension Insurance – Number of Active Policies (Thousand), 2013–2018
Table 57: Egyptian Individual Pension Insurance – Gross Written Premium (EGP Million), 2009–2013
Table 58: Egyptian Individual Pension Insurance – Gross Written Premium (EGP Million), 2013–2018
Table 59: Egyptian Other Individual Insurance – Number of Active Policies (Thousand), 2009–2013
Table 60: Egyptian Other Individual Insurance – Number of Active Policies (Thousand), 2013–2018
Table 61: Egyptian Other Individual Insurance – Gross Written Premium (EGP Billion), 2009–2013
Table 62: Egyptian Other Individual Insurance – Gross Written Premium (EGP Billion), 2013–2018
Table 63: Egyptian Group Life Insurance – Gross Written Premium by Category (EGP Billion), 2009–2013
Table 64: Egyptian Group Life Insurance – Gross Written Premium by Category (US$ Billion), 2009–2013
Table 65: Egyptian Group Life Insurance – Gross Written Premium by Category (EGP Billion), 2013–2018
Table 66: Egyptian Group Life Insurance – Gross Written Premium by Category (US$ Billion), 2013–2018
Table 67: Egyptian Group Life Insurance – Direct Written Premium by Category (EGP Billion), 2009–2013
Table 68: Egyptian Group Life Insurance – Direct Written Premium by Category (US$ Billion), 2009–2013
Table 69: Egyptian Group Life Insurance – Direct Written Premium by Category (EGP Billion), 2013–2018
Table 70: Egyptian Group Life Insurance – Direct Written Premium by Category (US$ Billion), 2013–2018
Table 71: Egyptian Group Life Insurance – Policies by Category (Thousand), 2009–2013
Table 72: Egyptian Group Life Insurance – Policies Premium by Category (Thousand), 2013–2018
Table 73: Egyptian Group Whole Life Insurance – Number of Active Policies (Thousand), 2009–2013
Table 74: Egyptian Group Whole Life Insurance – Number of Active Policies (Thousand), 2013–2018
Table 75: Egyptian Group Whole Life Insurance – Gross Written Premium (EGP Billion), 2009–2013
Table 76: Egyptian Group Whole Life Insurance – Gross Written Premium (EGP Billion), 2013–2018
Table 77: Egyptian Group Superannuation Insurance – Number of Active Policies (Thousand), 2009–2013
Table 78: Egyptian Group Superannuation Insurance – Number of Active Policies (Thousand), 2013–2018
Table 79: Egyptian Group Superannuation Insurance – Gross Written Premium (EGP Billion), 2009–2013
Table 80: Egyptian Group Superannuation Insurance – Gross Written Premium (EGP Billion), 2013–2018
Table 81: Egyptian Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2009–2013
Table 82: Egyptian Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2013–2018
Table 83: Egyptian Individual Single-Premium Insurance – Gross Written Premium (EGP Billion), 2009–2013
Table 84: Egyptian Individual Single-Premium Insurance – Gross Written Premium (EGP Billion), 2013–2018
Table 85: Egyptian Individual Single-Premium Insurance – Direct Written Premium (EGP Billion), 2009–2013
Table 86: Egyptian Individual Single-Premium Insurance – Direct Written Premium (EGP Billion), 2013–2018
Table 87: Egyptian Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2009–2013
Table 88: Egyptian Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2013–2018
Table 89: Egyptian Individual Non-Single-Premium Insurance – Gross Written Premium (EGP Billion), 2009–2013
Table 90: Egyptian Individual Non-Single-Premium Insurance – Gross Written Premium (EGP Billion), 2013–2018
Table 91: Egyptian Individual Non-Single-Premium Insurance – Direct Written Premium (EGP Billion), 2009–2013
Table 92: Egyptian Individual Non-Single-Premium Insurance – Direct Written Premium (EGP Billion), 2013–2018
Table 93: Egyptian Group Single-Premium Insurance – Number of Active Policies (Thousand), 2009–2013
Table 94: Egyptian Group Single-Premium Insurance – Number of Active Policies (Thousand), 2013–2018
Table 95: Egyptian Group Single-Premium Insurance – Gross Written Premium (EGP Billion), 2009–2013
Table 96: Egyptian Group Single-Premium Insurance – Gross Written Premium (EGP Billion), 2013–2018
Table 97: Egyptian Group Single-Premium Insurance – Direct Written Premium (EGP Billion), 2009–2013
Table 98: Egyptian Group Single-Premium Insurance – Direct Written Premium (EGP Billion), 2013–2018
Table 99: Egyptian Group Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2009–2013
Table 100: Egyptian Group Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2013–2018
Table 101: Egyptian Group Non-Single-Premium Insurance – Gross Written Premium (EGP Million), 2009–2013
Table 102: Egyptian Group Non-Single-Premium Insurance – Gross Written Premium (EGP Billion), 2013–2018
Table 103: Egyptian Group Non-Single-Premium Insurance – Direct Written Premium (EGP Million), 2009–2013
Table 104: Egyptian Group Non-Single-Premium Insurance – Direct Written Premium (EGP Billion), 2013–2018
Table 105: Egyptian Linked Insurance Business – Number of Active Policies (Thousand), 2009–2013
Table 106: Egyptian Linked Insurance Business – Number of Active Policies (Thousand), 2013–2018
Table 107: Egyptian Linked Insurance Business – Gross Written Premium (EGP Million), 2009–2013
Table 108: Egyptian Linked Insurance Business – Gross Written Premium (EGP Million), 2013–2018
Table 109: Egyptian Linked Insurance Business – Direct Written Premium (EGP Million), 2009–2013
Table 110: Egyptian Linked Insurance Business – Direct Written Premium (EGP Million), 2013–2018
Table 111: Egyptian Non-Linked Insurance Business – Number of Active Policies (Thousand), 2009–2013
Table 112: Egyptian Non-Linked Insurance Business – Number of Active Policies (Thousand), 2013–2018
Table 113: Egyptian Non-Linked Insurance Business – Gross Written Premium (EGP Billion), 2009–2013
Table 114: Egyptian Non-Linked Insurance Business – Gross Written Premium (EGP Billion), 2013–2018
Table 115: Egyptian Non-Linked Insurance Business – Direct Written Premium (EGP Billion), 2009–2013
Table 116: Egyptian Non-Linked Insurance Business – Direct Written Premium (EGP Billion), 2013–2018
Table 117: Egyptian Life Insurance – Direct Marketing Commission Paid (EGP Million), 2009–2013
Table 118: Egyptian Life Insurance – Direct Marketing Commission Paid (EGP Million), 2013–2018
Table 119: Egyptian Life Insurance – New Business Gross Written Premium (EGP Million), 2009–2013
Table 120: Egyptian Life Insurance – New Business Gross Written Premium (EGP Million), 2013–2018
Table 121: Egyptian Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2009–2013
Table 122: Egyptian Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2013–2018
Table 123: Egyptian Life Insurance – Number of Direct Marketing Distributors, 2009–2013
Table 124: Egyptian Life Insurance – Number of Direct Marketing Distributors, 2013–2018
Table 125: Egyptian Life Insurance – Commission Paid to Agencies (EGP Million), 2009–2013
Table 126: Egyptian Life Insurance – Commission Paid to Agencies (EGP Million), 2013–2018
Table 127: Egyptian Life Insurance – New Business Gross Written Premium (EGP Million), 2009–2013
Table 128: Egyptian Life Insurance – New Business Gross Written Premium (EGP Million), 2013–2018
Table 129: Egyptian Life Insurance – New Policies Sold Through Agencies (Thousand), 2009–2013
Table 130: Egyptian Life Insurance – New Policies Sold Through Agencies (Thousand), 2013–2018
Table 131: Egyptian Life Insurance – Number of Agencies, 2009–2013
Table 132: Egyptian Life Insurance – Number of Agencies, 2013–2018
Table 133: Egyptian Life Insurance – E-Commerce Commission Paid (EGP Million), 2009–2013
Table 134: Egyptian Life Insurance – E-Commerce Commission Paid (EGP Million), 2013–2018
Table 135: Egyptian Life Insurance – New Business Gross Written Premium (EGP Million), 2009–2013
Table 136: Egyptian Life Insurance – New Business Gross Written Premium (EGP Million), 2013–2018
Table 137: Egyptian Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2009–2013
Table 138: Egyptian Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2013–2018
Table 139: Egyptian Life Insurance – Number of E-Commerce Distributors, 2009–2013
Table 140: Egyptian Life Insurance – Number of E-Commerce Distributors, 2013–2018
Table 141: Egyptian Life Insurance – Commission Paid to Brokers (EGP Million), 2009–2013
Table 142: Egyptian Life Insurance – Commission Paid to Brokers (EGP Million), 2013–2018
Table 143: Egyptian Life Insurance – New Business Gross Written Premium (EGP Million), 2009–2013
Table 144: Egyptian Life Insurance – New Business Gross Written Premium (EGP Million), 2013–2018
Table 145: Egyptian Life Insurance – New Policies Sold Through Brokers (Thousand), 2009–2013
Table 146: Egyptian Life Insurance – New Policies Sold Through Brokers (Thousand), 2013–2018
Table 147: Egyptian Life Insurance – Number of Brokers, 2009–2013
Table 148: Egyptian Life Insurance – Number of Brokers, 2013–2018
Table 149: Egyptian Life Insurance – Commission Paid to Other Channels (EGP Million), 2009–2013
Table 150: Egyptian Life Insurance – Commission Paid to Other Channels (EGP Million), 2013–2018
Table 151: Egyptian Life Insurance – New Business Gross Written Premium (EGP Million), 2009–2013
Table 152: Egyptian Life Insurance – New Business Gross Written Premium (EGP Million), 2013–2018
Table 153: Egyptian Life Insurance – New Policies Sold Through Other Channels (Thousand), 2009–2013
Table 154: Egyptian Life Insurance – New Policies Sold Through Other Channels (Thousand), 2013–2018
Table 155: Egyptian Life Insurance – Number of Distributors in Other Channels, 2009–2013
Table 156: Egyptian Life Insurance – Number of Distributors in Other Channels, 2013–2018
Table 157: Egypt – Life Insurance Regulatory Framework
Table 158: Egypt – Property Insurance Regulatory Framework
Table 159: Egypt – Motor Insurance Regulatory Framework
Table 160: Egypt – Corporate Tax Rates for the Financial Year 2013
Table 161: Shares of Key Insurers in Life segment (%), 2013
Table 162: Misr Life Insurance Company, Key Facts
Table 163: Misr Life Insurance Company, Key Financials (EGP Million)
Table 164: Allianz Egypt Insurance Company SAE, Key Facts
Table 165: Allianz Egypt Insurance Company SAE, Key Financials (EGP Million)
Table 166: Pharaonic American Life Insurance Company, Key Facts
Table 167: Pharaonic American Life Insurance, Key Financials (EGP Million)
Table 168: Commercial International Life Insurance Company, Key Facts
Table 169: Commercial International Life Insurance Company, Key Financials (EGP Million)
Table 170: NSGB Life Insurance, Key Facts
Table 171: NSGB Life Insurance, Key Financials (EGP Million)
Table 172: Suez Canal Insurance Company, Key Facts
Table 173: Suez Canal Insurance Company, Key Financials (EGP Million)
Table 174: Delta Insurance Co., Key Facts
Table 175: Delta Insurance Co., Key Financials (EGP Million)
Table 176: Egyptian Takaful Life Insurance Company, Key Facts
Table 177: Egyptian Takaful Life Insurance Company, Key Financials (EGP Million)
Table 178: ACE Life Insurance, Key Facts
Table 179: ACE Life Insurance, Key Financials (EGP Million)
Table 180: Mohandes Insurance Company, Key Facts
Table 181: Mohandes Insurance Company, Key Financials (EGP Million)

List of Chart

Figure 1: Egyptian Insurance – Gross Written Premium by Segment (EGP Billion), 2009–2018
Figure 2: Egyptian Insurance – Gross Written Premium Dynamics by Segment (2009–2018)
Figure 3: Egyptian Insurance – Direct Written Premium by Segment (EGP Billion), 2009–2018
Figure 4: Egyptian Insurance – Dynamics by Segment, Direct Written Premium (2009–2018)
Figure 5: Egyptian Life Insurance – Number of Active Policies and Gross Written Premium (Percentage Share), 2013
Figure 6: Egyptian Total Population (Million), 2009–2013
Figure 7: Rural and Urban Populations (%), 2009–2013
Figure 8: Egyptian Population Distribution by Age Group (%), 2009–2013
Figure 9: Egyptian Life Insurance – Gross Written Premium by Category (EGP Billion), 2009–2018
Figure 10: Egyptian Life Insurance – Gross Written Premium by Category (Percentage Share), 2013 and 2018
Figure 11: Egyptian Life Insurance – Dynamics by Category, 2009–2018
Figure 12: Egyptian Life Insurance – New Business Written Premium (EGP Billion), 2009–2013
Figure 13: Egyptian Life Insurance – New Business Written Premium (EGP Billion), 2013–2018
Figure 14: Egyptian Life Insurance – Earned Premium (EGP Billion), 2009–2013
Figure 15: Egyptian Life Insurance – Earned Premium (EGP Billion), 2013–2018
Figure 16: Egyptian Life Insurance – Sum Assured (EGP Billion), 2009–2013
Figure 17: Egyptian Life Insurance – Sum Assured (EGP Billion), 2013–2018
Figure 18: Egyptian Life Insurance – Paid Claims (EGP Billion), 2009–2013
Figure 19: Egyptian Life Insurance – Paid Claims (EGP Billion), 2013–2018
Figure 20: Egyptian Life Insurance – Incurred Loss (EGP Billion), 2009–2013
Figure 21: Egyptian Life Insurance – Incurred Loss (EGP Billion), 2013–2018
Figure 22: Egyptian Life Insurance – Loss Ratio (%), 2009–2013
Figure 23: Egyptian Life Insurance – Loss Ratio (%), 2013–2018
Figure 24: Egyptian Life Insurance – Commissions and Expenses (EGP Billion), 2009–2013
Figure 25: Egyptian Life Insurance – Commissions and Expenses (EGP Billion), 2013–2018
Figure 26: Egyptian Life Insurance – Combined Ratio (%), 2009–2013
Figure 27: Egyptian Life Insurance – Combined Ratio (%), 2013–2018
Figure 28: Egyptian Life Insurance – Fraud and Crimes (EGP Million), 2009–2013
Figure 29: Egyptian Life Insurance – Fraud and Crimes (EGP Million), 2013–2018
Figure 30: Egyptian Life Insurance – Total Assets (EGP Billion), 2009–2013
Figure 31: Egyptian Life Insurance – Total Assets (EGP Billion), 2013–2018
Figure 32: Egyptian Life Insurance – Total Investment Income (EGP Million), 2009–2013
Figure 33: Egyptian Life Insurance – Total Investment Income (EGP Million), 2013–2018
Figure 34: Egyptian Life Insurance – Retentions (EGP Billion), 2009–2013
Figure 35: Egyptian Life Insurance – Retentions (EGP Billion), 2013–2018
Figure 36: Egyptian Life Insurance – Investment Portfolio (EGP Billion), 2009–2013
Figure 37: Egyptian Life Insurance – Investment Portfolio, 2009 and 2013
Figure 38: Egyptian Life Insurance – Penetration (%), 2009–2013
Figure 39: Egyptian Life Insurance – Density (Number of Policies per Capita), 2009–2013
Figure 40: Egyptian Life Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 41: Egyptian Life Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 42: Egyptian Life Insurance – Number of New Policies Sold (Thousand), 2009–2013
Figure 43: Egyptian Life Insurance – Number of New Policies Sold (Thousand), 2013–2018
Figure 44: Egyptian Life Insurance – Premium Per Capita (EGP), 2009–2013
Figure 45: Egyptian Individual Life Insurance – Gross Written Premium by Category (EGP Billion), 2009–2018
Figure 46: Egyptian Individual Life Insurance – Gross Written Premium by Category (% Share), 2013 and 2018
Figure 47: Egyptian Individual Life Insurance – Dynamics by Category, 2009–2018
Figure 48: Egyptian Individual Life Insurance – Direct Written Premium by Category (EGP Billion), 2009–2018
Figure 49: Egyptian Individual Life Insurance – Direct Written Premium by Category (% Share), 2013 and 2018
Figure 50: Egyptian Individual Life Insurance – Dynamics by Category, 2009–2018
Figure 51: Egyptian Individual Life Insurance – Policies by Category (Thousand), 2009–2018
Figure 52: Egyptian Individual Life Insurance – Policies by Category (% Share), 2013 and 2018
Figure 53: Egyptian Individual Life Insurance – Dynamics by Category, 2009–2018
Figure 54: Egyptian Individual Whole Life Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 55: Egyptian Individual Whole Life Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 56: Egyptian Individual Whole Life Insurance – Gross Written Premium (EGP Billion), 2009–2013
Figure 57: Egyptian Individual Whole Life Insurance – Gross Written Premium (EGP Billion), 2013–2018
Figure 58: Egyptian Individual Pension Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 59: Egyptian Individual Pension Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 60: Egyptian Individual Pension Insurance – Gross Written Premium (EGP Million), 2009–2013
Figure 61: Egyptian Individual Pension Insurance – Gross Written Premium (EGP Million), 2013–2018
Figure 62: Egyptian Other Individual Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 63: Egyptian Other Individual Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 64: Egyptian Other Individual Insurance – Gross Written Premium (EGP Billion), 2009–2013
Figure 65: Egyptian Other Individual Insurance – Gross Written Premium (EGP Billion), 2013–2018
Figure 66: Egyptian Group Life Insurance – Gross Written Premium by Category (EGP Billion), 2009–2018
Figure 67: Egyptian Group Life Insurance – Gross Written Premium by Category (% Share), 2013 and 2018
Figure 68: Egyptian Group Life Insurance – Dynamics by Category, 2009–2018
Figure 69: Egyptian Group Life Insurance – Direct Written Premium by Category (EGP Billion), 2009–2018
Figure 70: Egyptian Group Life Insurance – Direct Written Premium by Category (% Share), 2013 and 2018
Figure 71: Egyptian Group Life Insurance – Dynamics by Category, 2009–2018
Figure 72: Egyptian Group Life Insurance – Policies by Category (Thousand), 2009–2018
Figure 73: Egyptian Group Life Insurance – Policies by Category (% Share), 2013 and 2018
Figure 74: Egyptian Group Life Insurance – Dynamics by Category, 2009–2018
Figure 75: Egyptian Group Whole Life Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 76: Egyptian Group Whole Life Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 77: Egyptian Group Whole Life Insurance – Gross Written Premium (EGP Billion), 2009–2013
Figure 78: Egyptian Group Whole Life Insurance – Gross Written Premium (EGP Billion), 2013–2018
Figure 79: Egyptian Group Superannuation Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 80: Egyptian Group Superannuation Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 81: Egyptian Group Superannuation Insurance – Gross Written Premium (EGP Billion), 2009–2013
Figure 82: Egyptian Group Superannuation Insurance – Gross Written Premium (EGP Billion), 2013–2018
Figure 83: Egyptian Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 84: Egyptian Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 85: Egyptian Individual Single-Premium Insurance – Gross Written Premium (EGP Billion), 2009–2013
Figure 86: Egyptian Individual Single-Premium Insurance – Gross Written Premium (EGP Billion), 2013–2018
Figure 87: Egyptian Individual Single-Premium Insurance – Direct Written Premium (EGP Billion), 2009–2013
Figure 88: Egyptian Individual Single-Premium Insurance – Direct Written Premium (EGP Billion), 2013–2018
Figure 89: Egyptian Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 90: Egyptian Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 91: Egyptian Individual Non-Single-Premium Insurance – Gross Written Premium (EGP Billion), 2009–2013
Figure 92: Egyptian Individual Non-Single-Premium Insurance – Gross Written Premium (EGP Billion), 2013–2018
Figure 93: Egyptian Individual Non-Single-Premium Insurance – Direct Written Premium (EGP Billion), 2009–2013
Figure 94: Egyptian Individual Non-Single-Premium Insurance – Direct Written Premium (EGP Billion), 2013–2018
Figure 95: Egyptian Group Single-Premium Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 96: Egyptian Group Single-Premium Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 97: Egyptian Group Single-Premium Insurance – Gross Written Premium (EGP Billion), 2009–2013
Figure 98: Egyptian Group Single-Premium Insurance – Gross Written Premium (EGP Billion), 2013–2018
Figure 99: Egyptian Group Single-Premium Insurance – Direct Written Premium (EGP Billion), 2009–2013
Figure 100: Egyptian Group Single-Premium Insurance – Direct Written Premium (EGP Billion), 2013–2018
Figure 101: Egyptian Group Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 102: Egyptian Group Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 103: Egyptian Group Non-Single-Premium Insurance – Gross Written Premium (EGP Million), 2009–2013
Figure 104: Egyptian Group Non-Single-Premium Insurance – Gross Written Premium (EGP Billion), 2013–2018
Figure 105: Egyptian Group Non-Single-Premium Insurance – Direct Written Premium (EGP Million), 2009–2013
Figure 106: Egyptian Group Non-Single-Premium Insurance – Direct Written Premium (EGP Billion), 2013–2018
Figure 107: Egyptian Linked Insurance Business – Number of Active Policies (Thousand), 2009–2013
Figure 108: Egyptian Linked Insurance Business – Number of Active Policies (Thousand), 2013–2018
Figure 109: Egyptian Linked Insurance Business – Gross Written Premium (EGP Million), 2009–2013
Figure 110: Egyptian Linked Insurance Business – Gross Written Premium (EGP Million), 2013–2018
Figure 111: Egyptian Linked Insurance Business – Direct Written Premium (EGP Million), 2009–2013
Figure 112: Egyptian Linked Insurance Business – Direct Written Premium (EGP Million), 2013–2018
Figure 113: Egyptian Non-Linked Insurance Business – Number of Active Policies (Thousand), 2009–2013
Figure 114: Egyptian Non-Linked Insurance Business – Number of Active Policies (Thousand), 2013–2018
Figure 115: Egyptian Non-Linked Insurance Business – Gross Written Premium (EGP Billion), 2009–2013
Figure 116: Egyptian Non-Linked Insurance Business – Gross Written Premium (EGP Billion), 2013–2018
Figure 117: Egyptian Non-Linked Insurance Business – Direct Written Premium (EGP Billion), 2009–2013
Figure 118: Egyptian Non-Linked Insurance Business – Direct Written Premium (EGP Billion), 2013–2018
Figure 119: Egyptian Life Insurance – New Business Written Premium by Distribution Channel (Percentage Share), 2013 and 2018
Figure 120: Egyptian Life Insurance – Direct Marketing Commission Paid (EGP Million), 2009–2013
Figure 121: Egyptian Life Insurance – Direct Marketing Commission Paid (EGP Million), 2013–2018
Figure 122: Egyptian Life Insurance – New Business Gross Written Premium (EGP Million), 2009–2013
Figure 123: Egyptian Life Insurance – New Business Gross Written Premium (EGP Million), 2013–2018
Figure 124: Egyptian Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2009–2013
Figure 125: Egyptian Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2013–2018
Figure 126: Egyptian Life Insurance – Number of Direct Marketing Distributors, 2009–2013
Figure 127: Egyptian Life Insurance – Number of Direct Marketing Distributors, 2013–2018
Figure 128: Egyptian Life Insurance – Commission Paid to Agencies (EGP Million), 2009–2013
Figure 129: Egyptian Life Insurance – Commission Paid to Agencies (EGP Million), 2013–2018
Figure 130: Egyptian Life Insurance – New Business Gross Written Premium (EGP Million), 2009–2013
Figure 131: Egyptian Life Insurance – New Business Gross Written Premium (EGP Million), 2013–2018
Figure 132: Egyptian Life Insurance – New Policies Sold Through Agencies (Thousand), 2009–2013
Figure 133: Egyptian Life Insurance – New Policies Sold Through Agencies (Thousand), 2013–2018
Figure 134: Egyptian Life Insurance – Number of Agencies, 2009–2013
Figure 135: Egyptian Life Insurance – Number of Agencies, 2013–2018
Figure 136: Egyptian Life Insurance – E-Commerce Commission Paid (EGP Million), 2009–2013
Figure 137: Egyptian Life Insurance – E-Commerce Commission Paid (EGP Million), 2013–2018
Figure 138: Egyptian Life Insurance – New Business Gross Written Premium (EGP Million), 2009–2013
Figure 139: Egyptian Life Insurance – New Business Gross Written Premium (EGP Million), 2013–2018
Figure 140: Egyptian Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2009–2013
Figure 141: Egyptian Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2013–2018
Figure 142: Egyptian Life Insurance – Number of E-Commerce Distributors, 2009–2013
Figure 143: Egyptian Life Insurance – Number of E-Commerce Distributors, 2013–2018
Figure 144: Egyptian Life Insurance – Commission Paid to Brokers (EGP Million), 2009–2013
Figure 145: Egyptian Life Insurance – Commission Paid to Brokers (EGP Million), 2013–2018
Figure 146: Egyptian Life Insurance – New Business Gross Written Premium (EGP Million), 2009–2013
Figure 147: Egyptian Life Insurance – New Business Gross Written Premium (EGP Million), 2013–2018
Figure 148: Egyptian Life Insurance – New Policies Sold Through Brokers (Thousand), 2009–2013
Figure 149: Egyptian Life Insurance – New Policies Sold Through Brokers (Thousand), 2013–2018
Figure 150: Egyptian Life Insurance – Number of Brokers, 2009–2013
Figure 151: Egyptian Life Insurance – Number of Brokers, 2013–2018
Figure 152: Egyptian Life Insurance – Commission Paid to Other Channels (EGP Million), 2009–2013
Figure 153: Egyptian Life Insurance – Commission Paid to Other Channels (EGP Million), 2013–2018
Figure 154: Egyptian Life Insurance – New Business Gross Written Premium (EGP Million), 2009–2013
Figure 155: Egyptian Life Insurance – New Business Gross Written Premium (EGP Million), 2013–2018
Figure 156: Egyptian Life Insurance – New Policies Sold Through Other Channels (Thousand), 2009–2013
Figure 157: Egyptian Life Insurance – New Policies Sold Through Other Channels (Thousand), 2013–2018
Figure 158: Egyptian Life Insurance – Number of Distributors in Other Channels, 2009–2013
Figure 159: Egyptian Life Insurance – Number of Distributors in Other Channels, 2013–2018
Figure 160: Egypt – Insurance Regulatory Framework
Figure 161: Egypt – Insurance Supervision and Control at Various Levels
Figure 162: Egypt – Insurance Regulatory Frameworks for Company Registration and Operation
Figure 163: Shares of Key Insurers in Life segment (%), 2013
Figure 164: Net Written Premium – Top-Five Life Insurers (EGP Million), 2013
Figure 165: Paid Claims – Top-Five Life Insurers (EGP Million), 2013
Figure 166: Total Assets – Top-Five Life Insurers (EGP Million), 2013
Figure 167: Investment Income – Top-Five Life Insurers (EGP Million), 2013
Figure 168: Egyptian Stock Exchange (EGX30) Market Capitalization (US$ Billion), 2008–2012
Figure 169: Egyptian GDP at Constant Prices (US$ Billion), 2009–2013
Figure 170: Egyptian GDP per Capita at Constant Prices (US$), 2009–2013
Figure 171: Egyptian GDP at Current Prices (US$ Billion), 2009–2013
Figure 172: Egyptian GDP per Capita at Current Prices (US$), 2009–2013
Figure 173: Egyptian Inflation Rate (%), 2009–2013
Figure 174: Egyptian Unemployment Rate (%), 2009–2013
Figure 175: Egyptian Household Consumption Expenditure (US$ Billion), 2009–2013
Figure 176: Egyptian Urban and Rural Populations (%), 2009–2013
Figure 177: Egyptian Population Distribution by Age (%), 2009–2013

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