|
|
 |
|
Viewing report
|
|
|
|
Egypt Insurance Report Q1 2010
Business Monitor International, Jan 2010, Pages: 66
Egypt Insurance Report provides industry professionals and strategists, corporate analysts, insurance associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Egypt's insurance industry.
This report differs from its predecessors in several respects. In our analysis of competitive conditions, we provide a much more comprehensive ranking of insurance companies in the major segments from the point of view of the organisation that is providing the data (almost always the national insurance regulator or the national insurance trade association). For instance, the Egyptian insurance sector continues to be dominated by the large state-owned companies Misr Insurance (effectively the result of the 2006/07 merger between Misr Insurance, Al-Chark Insurance and Egypt Re) and National Insurance. Misr Insurance accounted for over two-thirds of gross non-life premiums in 2007/08, while National Insurance’s share of gross life segment premiums was over 25%. The largest private sector firm in terms of investments is Egyptian company Commercial International Life (CIL). AIG/ALICO, Allianz and ACE are the main foreign protagonists in the market, which is only recently open to foreign competition.
In this report, we also provide a breakdown of the insurance sector by line – from the point of view of the regulator or the trade association. In Egypt, group life products accounted for about a quarter of overall life premiums in 2007/08. In the non-life segment, comprehensive motor insurance (presumably compulsory motor third party liability, CMTPL) was the largest line, accounting for about one-fifth of gross written premiums. Other major lines, accounting for over one-tenth of non-life premiums each, included oil, fire, other motor insurance and accident insurance.
At the time of writing, in January 2010, we have been able to ensure that the report includes actual data for 2008. We have generally been able to use data that was published in 2009 to adjust our forecasts for the year as a whole. We have also extended the forecast period to 2014. We expect total premiums for 2009 of EGP10,656mn, which includes non-life premiums of EGP4,770mn and life premiums of EGP5,886mn. In 2014, the corresponding figures should be EGP22,396mn, EGP11,026mn and EGP11,370mn respectively. In terms of the key drivers that underpin our forecasts, we expect non-life penetration to rise from 0.45% in 2009 to 0.68% in 2014, and for life density to rise from US$14 per capita to US$29. The insurance industry Business Environment Rating for Egypt is 47.0.
Product samples
A sample for this product is available. Please Login/Register to download this sample.
Customers who bought this item also bought
Egypt Insurance Report Q4 2010
Egypt Insurance Report Q3 2010
Egypt Insurance Report Q1 2012
Egypt Insurance Report Q2 2012
Egypt Insurance Report Q4 2011
Egypt Insurance Report Q1 2011
Egypt Insurance Report Q3 2008
Saudi Arabia Insurance Report Q1 2010
Oman Insurance Report Q1 2010
Egypt Insurance Report Q3 2009
|
|
|
|
