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Non-Life Insurance in Egypt, Key Trends and Opportunities to 2020

Published By :

Timetric

Published Date : Mar 2017

Category :

Life Insurance

No. of Pages : 114 Pages

Synopsis
Timetrics 'Non-Life Insurance in Egypt Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Egyptian non-life insurance segment, and a comparison of the Egyptian insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (20112015) and forecast period (20152020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Egyptian economy and demographics, explains the various types of natural and man-made hazards and their impact on the Egyptian insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together Timetrics research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetrics 'Non-Life Insurance in Egypt Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Egyptian non-life insurance segment, including:

The Egyptian non-life segments detailed outlook by product category

A comprehensive overview of the Egyptian economy and demographics

A comparison of the Egyptian non-life insurance segment with its regional counterparts

The various distribution channels in the Egyptian non-life insurance segment

Detailed analysis of natural and man-made hazards and their impact on the Egyptian insurance industry

Details of the competitive landscape in the non-life insurance segment in Egypt

Details of regulatory policy applicable to the Egyptian insurance industry

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

It provides historical values for the Egyptian non-life insurance segment for the reports 20112015 review period, and projected figures for the 20152020 forecast period.

It offers a detailed analysis of the key categories in the Egyptian non-life insurance segment, and market forecasts to 2020.

It provides a comparison of the Egyptian non-life insurance segment with its regional counterparts

It analyzes the various distribution channels for non-life insurance products in Egypt.

It analyzes various natural and man-made hazards and their impact on the Egyptian insurance industry

It profiles the top non-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 non-life insurance segment, and each category within it.

Understand the demand-side dynamics, key market trends and growth opportunities in the Egyptian non-life insurance segment.

Assess the competitive dynamics in the non-life insurance segment.

Identify 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
In December 2016, the EFSA approved the online distribution of microinsurance products.

In November 2016, the EFSA issued microinsurance regulations to introduce marine hull and machinery (except fishing boats), aviation, property insurance and transit insurance to the low-income population.

In October 2016, Allianz Egypt launched the Motor Express product for car owners. It covers repairs, fire and theft, and accidents in Egypts four major cities. Allianz plans to expand the service to other cities over the forecast period.

The EFSA allows 100.0% FDI in the insurance industry, with the exception of property insurance.
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Claims
4.2.3 Profitability
4.2.4 Assets and investments
5 Outlook by Category
5.1 Property Insurance
5.1.1 Product overview
5.1.2 Premium
5.1.3 Claims
5.1.4 Profitability
5.2 Motor Insurance
5.2.1 Product overview
5.2.2 Premium
5.2.3 Claims
5.2.4 Profitability
5.3 Liability Insurance
5.3.1 Product overview
5.3.2 Premium
5.3.3 Claims
5.3.4 Profitability
5.4 Marine, Aviation and Transit Insurance
5.4.1 Product overview
5.4.2 Premium
5.4.3 Claims
5.4.4 Profitability
6 Distribution Channel Outlook
6.1 Analysis by Distribution Channel
7 Natural and Man-Made Hazards
7.1 Flooding
7.2 Extreme Temperature
7.3 Earthquakes
7.4 Dust and Sandstorms
7.5 Man-Made Disasters
7.6 Exposure
8 Competitive Landscape
8.1 Company Profiles
8.1.1 Misr Insurance Company company overview
8.1.2 Suez Canal Insurance Company company overview
8.1.3 Arab Misr Insurance Group company overview
8.1.4 Egyptian Takaful Insurance Property Company company overview
8.1.5 Royal Insurance Company company overview
9 Governance, Risk and Compliance
9.1 Legislation Overview and Historical Evolution
9.2 Latest Changes in Regulation
9.3 Legislation and Market Practice by Type of Insurance
9.3.1 Life insurance
9.3.2 Property insurance
9.3.3 Motor insurance
9.3.4 Liability insurance
9.3.5 Marine, aviation and transit insurance
9.3.6 Personal accident and health insurance
9.4 Compulsory Insurance
9.4.1 Motor third-party liability insurance
9.4.2 Social Insurance System
9.4.3 Aviation third-party liability insurance
9.5 Supervision and Control
9.5.1 International Association of Insurance Supervisors
9.5.2 Egyptian Financial Supervisory Authority
9.5.3 Insurance Federation of Egypt
9.6 Non-Admitted Insurance Regulations
9.6.1 Overview
9.6.2 Intermediaries
9.6.3 Market practices
9.6.4 Fines and Penalties
9.7 Company Registration and Operations
9.7.1 Type of insurance organization
9.7.2 Establishing a local company
9.7.3 Foreign ownership
9.7.4 Types of license
9.7.5 Capital requirements
9.7.6 Solvency margin
9.7.7 Reserve requirements
9.7.8 Investment regulations
9.7.9 Statutory return requirements
9.7.10 Fee structure
9.8 Taxation
9.8.1 Insurance premium or policy taxation
9.8.2 Withholding taxes on premium paid overseas
9.8.3 Corporate tax
9.8.4 VAT
9.8.5 Captives
9.9 Legal System
9.9.1 Introduction
9.9.2 Access to court
9.9.3 Alternative dispute resolution
10 Databook
10.1 Policies and Premium
10.2 Claims and Expenses
10.3 Assets and Investments
10.4 Property Insurance
10.5 Property Insurance by Product
10.6 Motor Insurance
10.7 Motor Insurance by Product
10.8 Liability Insurance
10.9 Marine, Aviation and Transit Insurance
11 Definitions and Methodology
11.1 Definitions
11.2 Methodology
12 About Timetric
12.1 Contact Timetric
12.2 About Timetric
12.3 Timetrics Services
12.4 Disclaimer


List of Tables
Table 1: Egyptian Non-Life Insurance Key Facts, 2015
Table 2: Egyptian Non-Life Insurance Segment Shares of the Top Insurers, 2015
Table 3: Egyptian Government Credit Ratings
Table 4: Egyptian Non-Life Insurance Gross Written Premium (EGP Billion and US$ Million), 20112015
Table 5: Egyptian Non-Life Insurance Penetration (%), 20112015
Table 6: Egyptian Non-Life Insurance Gross Written Premium (EGP Billion and US$ Million), 20152020
Table 7: Egyptian Non-Life Insurance Penetration (%), 20152020
Table 8: Egyptian Non-Life Insurance Premium per Capita (EGP and US$), 20112015
Table 9: Egyptian Non-Life Insurance Premium per Capita (EGP and US$), 20152020
Table 10: Egyptian Non-Life Insurance Paid Claims (EGP Billion and US$ Million), 20112015
Table 11: Egyptian Non-Life Insurance Paid Claims (EGP Billion and US$ Million), 20152020
Table 12: Egyptian Non-Life Insurance Profitability Ratio (%), 20112015
Table 13: Egyptian Non-Life Insurance Profitability Ratio (%), 20152020
Table 14: Egyptian Non-Life Insurance Total Assets (EGP Billion and US$ Billion), 20112015
Table 15: Egyptian Non-Life Insurance Total Assets (EGP Billion and US$ Billion), 20152020
Table 16: Egyptian Non-Life Insurance Total Investment Income (EGP Billion and US$ Million), 20112015
Table 17: Egyptian Non-Life Insurance Total Investment Income (EGP Billion and US$ Million), 20152020
Table 18: Egyptian Non-Life Insurance Investment Portfolio (EGP Billion), 20112015
Table 19: Egyptian Non-Life Insurance Investment Portfolio (EGP Billion), 20152020
Table 20: Egyptian Non-Life Insurance Direct Written Premium by Category (EGP Billion),20112015
Table 21: Egyptian Non-Life Insurance Direct Written Premium by Category (EGP Billion), 20152020
Table 22: Egyptian Property Insurance Direct Written Premium by Sub-Category (EGP Billion), 20112015
Table 23: Egyptian Property Insurance Direct Written Premium by Sub-Category (EGP Billion), 20152020
Table 24: Egyptian Property Insurance Paid Claims (EGP Million and US$ Million), 20112015
Table 25: Egyptian Property Insurance Paid Claims (EGP Million and US$ Million), 20152020
Table 26: Egyptian Property Insurance Loss Ratio (%), 20112015
Table 27: Egyptian Property Insurance Loss Ratio (%), 20152020
Table 28: Egyptian Motor Insurance New Vehicle Sales in Egypt, 20112015
Table 29: Egyptian Motor Insurance Direct Written Premium by Sub-Category (EGP Billion), 20112015
Table 30: Egyptian Motor Insurance Direct Written Premium by Sub-Category (EGP Billion), 20152020
Table 31: Egyptian Motor Insurance Paid Claims (EGP Billion and US$ Million), 20112015
Table 32: Egyptian Motor Insurance Paid Claims (EGP Billion and US$ Million), 20152020
Table 33: Egyptian Motor Insurance Loss Ratio (%), 20112015
Table 34: Egyptian Motor Insurance Loss Ratio (%), 20152020
Table 35: Egyptian Liability Insurance Direct Written Premium by Sub-Category (EGP Million), 20112015
Table 36: Egyptian Liability Insurance Direct Written Premium by Sub-Category (EGP Million), 20152020
Table 37: Egyptian Liability Insurance Paid Claims (EGP Million and US$ Million), 20112015
Table 38: Egyptian Liability Insurance Paid Claims (EGP Million and US$ Million), 20152020
Table 39: Egyptian Liability Insurance Loss Ratio (%), 20112015
Table 40: Egyptian Liability Insurance Loss Ratio (%), 20152020
Table 41: Egyptian Transport Network Global Rankings
Table 42: Egyptian Marine, Aviation and Transit Insurance Direct Written Premium by Sub-Category (EGP Million), 20112015
Table 43: Egyptian Marine, Aviation and Transit Insurance Direct Written Premium by Sub-Category (EGP Million), 20152020
Table 44: Egyptian Marine, Aviation and Transit Insurance Paid Claims (EGP Million and US$ Million), 20112015
Table 45: Egyptian Marine, Aviation and Transit Insurance Paid Claims (EGP Million and US$ Million), 20152020
Table 46: Egyptian Marine, Aviation and Transit Insurance Loss Ratio (%), 20112015
Table 47: Egyptian Marine, Aviation and Transit Insurance Loss Ratio (%), 20152020
Table 48: Egyptian Non-Life Insurance Segment Shares of the Leading Insurers (%), 2015
Table 49: Misr Insurance Company Key Facts
Table 50: Suez Canal Insurance Company Key Facts
Table 51: Arab Misr Insurance Group Key Facts
Table 52: Egyptian Takaful Insurance Property Company Key Facts
Table 53: Royal Insurance Company Key Facts
Table 54: Egypt Insurance Regulatory Framework Key Features
Table 55: Egypt Life Insurance Regulatory Framework
Table 56: Egypt Property Insurance Regulatory Framework
Table 57: Egypt Motor Insurance Regulatory Framework
Table 58: Egypt Liability Insurance Regulatory Framework
Table 59: Egypt Corporate Tax Rates for the Financial Year 2017
Table 60: Egyptian Insurance Industry Policies and Premium, 20112015
Table 61: Egyptian Insurance Industry Policies and Premium, 20152020
Table 62: Egyptian Non-Life Insurance Claims and Expenses, 20112015
Table 63: Egyptian Non-Life Insurance Claims and Expenses, 20152020
Table 64: Egyptian Non-Life Insurance Assets and Investments, 20112015
Table 65: Egyptian Non-Life Insurance Assets and Investments, 20152020
Table 66: Egyptian Non-Life Insurance Property Insurance, 20112015
Table 67: Egyptian Non-Life Insurance Property Insurance, 20152020
Table 68: Egyptian Non-Life Insurance Property Insurance by Product, 20112015
Table 69: Egyptian Non-Life Insurance Property Insurance by Product, 20152020
Table 70: Egyptian Non-Life Insurance Motor Insurance, 20112015
Table 71: Egyptian Non-Life Insurance Motor Insurance, 20152020
Table 72: Egyptian Non-Life Insurance Motor Insurance by Product, 20112015
Table 73: Egyptian Non-Life Insurance Motor Insurance by Product, 20152020
Table 74: Egyptian Non-Life Insurance Liability Insurance, 20112015
Table 75: Egyptian Non-Life Insurance Liability Insurance, 20152020
Table 76: Egyptian Non-Life Insurance Marine, Aviation and Transit Insurance, 20112015
Table 77: Egyptian Non-Life Insurance Marine, Aviation and Transit Insurance, 20152020
Table 78: Insurance Industry Definitions


List of Figures
Figure 1: Egyptian Real GDP (US$ Billion), 20112020
Figure 2: Egyptian Consumer Price Inflation (%), 20112020
Figure 3: EGP-US$ Exchange Rate, 20112020
Figure 4: Egyptian Current Account Balance as Percentage of GDP (%), 20112015
Figure 5: Egyptian Unemployment Rate (%), 20112020
Figure 6: Egyptian Population by Age Group, 19962025
Figure 7: Egyptian Non-Life Insurance Penetration Regional Comparison (%), 2015
Figure 8: Egyptian Insurance Segment Direct Written Premium Shares Regional Comparison (%), 2015
Figure 9: Egyptian Non-Life Insurance Gross Written Premium (EGP Billion), 20112020
Figure 10: Egyptian Non-Life Insurance Penetration (%), 20112020
Figure 11: Egyptian Non-Life Insurance Premium per Capita (EGP), 20112020
Figure 12: Egyptian Non-Life Insurance Paid Claims (EGP Billion), 20112020
Figure 13: Egyptian Non-Life Insurance Profitability Ratio (%), 20112020
Figure 14: Egyptian Non-Life Insurance Total Assets (EGP Billion), 20112020
Figure 15: Egyptian Non-Life Insurance Total Investment Income (EGP Billion), 20112020
Figure 16: Egyptian Non-Life Insurance Investment Portfolio (EGP Billion), 20112020
Figure 17: Egyptian Non-Life Insurance Investment Portfolio Dynamics by Category, 20112020
Figure 18: Egyptian Non-Life Insurance Direct Written Premium by Category (EGP Billion), 20112020
Figure 19: Egyptian Non-Life Insurance Direct Written Premium Dynamics by Category, 20112020
Figure 20: Egyptian Property Insurance Construction Value Output by Category (EGP Million), 20112015
Figure 21: Egyptian Property Insurance Direct Written Premium by Sub-Category (EGP Billion), 20112020
Figure 22: Egyptian Property Insurance Direct Written Premium Dynamics by Sub-Category, 20112020
Figure 23: Egyptian Property Insurance Paid Claims (EGP Million), 20112020
Figure 24: Egyptian Property Insurance Earned Premium, Incurred Loss and Loss Ratio (EGP Million and %), 20112020
Figure 25: Total Number of Road Accidents in Egypt (Thousand), 20112015
Figure 26: Egyptian Motor Insurance Direct Written Premium by Sub-Category (EGP Billion), 20112020
Figure 27: Egyptian Motor Insurance Direct Written Premium Dynamics by Sub-Category, 20112020
Figure 28: Egyptian Motor Insurance Paid Claims (EGP Billion), 20112020
Figure 29: Egyptian Motor Insurance Earned Premium, Incurred Loss and Loss Ratio (EGP Billion and %), 20112020
Figure 30: Egyptian Liability Insurance Direct Written Premium (EGP Million), 20112020
Figure 31: Egyptian Liability Insurance Paid Claims (EGP Million), 20112020
Figure 32: Egyptian Liability Insurance Earned Premium, Incurred Loss and Loss Ratio (EGP Million and %), 20112020
Figure 33: Egyptian Marine, Aviation and Transit Insurance Direct Written Premium (EGP Million), 20112020
Figure 34: Egyptian Marine, Aviation and Transit Insurance Paid Claims (EGP Million), 20112020
Figure 35: Egyptian Marine, Aviation and Transit Insurance Earned Premium, Incurred Loss and Loss Ratio (EGP Million and %), 20112020
Figure 36: Egyptian Frequency of Hazards by Type, 19902014
Figure 37: Egyptian Mortality by Hazards Type, 19902014
Figure 38: Egyptian Economic Loss by Hazards Type, 19902014
Figure 39: Egyptian Non-Life Insurance Segment Shares of the Leading Insurers (%), 2015
Figure 40: Egypt Insurance Supervision and Control at Various Levels
Figure 41: Egypt Insurance Regulatory Frameworks for Company Registration and Operation

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