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Non-Life Insurance in Egypt, Key Trends and Opportunities to 2019

  • ID: 3515867
  • December 2015
  • Region: Egypt
  • 98 pages
  • Timetric
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FEATURED COMPANIES

  • Misr Insurance Company
  • Royal Insurance Company
  • MORE

The 'Non-Life Insurance in Egypt, Key Trends and Opportunities to 2019' 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 (2010–2014) and forecast period (2014–2019).

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 hazard and their impact on the Egyptian insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together 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:

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Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Misr Insurance Company
  • Royal Insurance Company
  • MORE

1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demography
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
6.1.1 Agencies
6.1.2 Insurance brokers
6.1.3 Direct marketing
6.1.4 Bancassurance
6.1.5 Other Channels
7 Natural Hazards
7.1 Earthquakes
7.2 Floods and Storms
7.3 Exposure
8 Competitive Landscape
8.1 Overview
8.2 Leading Companies in the Egyptian Non-Life Insurance Segment
8.2.1 Misr Insurance Company – company overview
8.2.2 Suez Canal Insurance Company – company overview
8.2.3 Arab Misr Insurance Group SAE – company overview
8.2.4 Egyptian Takaful Property Insurance Company – company overview
8.2.5 Royal Insurance Company – company overview
9 Governance, Risk and Compliance
9.1 Legislation Overview and Historical Evolution
9.2 Latest Changes in Regulations
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 (IAIS)
9.5.2 Egyptian Financial Supervisory Authority (EFSA)
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 Types 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 margins
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 (ADR)
10 Databook
10.1 Policies and Premium
11 Definitions and Methodology
11.1 Definitions
11.2 Methodology
12 About
12.1 Contact Timetric
12.2 About
12.3 Timetric’s Services
12.4 Disclaimer

List of Tables
Table 1: Egyptian Non-Life Insurance – Key Facts, 2014
Table 2: Egyptian Non-Life Insurance – Segment Shares of the Top Insurers, 2014
Table 3: Egyptian Government Credit Ratings
Table 4: Egyptian Non-Life Insurance – Gross Written Premium (EGP Billion and US$ Million), 2010–2014
Table 5: Egyptian Non-Life Insurance – Penetration (%), 2010–2014
Table 6: Egyptian Non-Life Insurance – Gross Written Premium (EGP Billion and US$ Million), 2014–2019
Table 7: Egyptian Non-Life Insurance – Penetration (%), 2014–2019
Table 8: Egyptian Non-Life Insurance – Premium per Capita (EGP and US$), 2010–2014
Table 9: Egyptian Non-Life Insurance – Premium per Capita (EGP and US$), 2014–2019
Table 10: Egyptian Non-Life Insurance – Paid Claims (EGP Billion and US$ Million), 2010–2014
Table 11: Egyptian Non-Life Insurance – Paid Claim (EGP Billion and US$ Million), 2014–2019
Table 12: Egyptian Non-Life Insurance – Profitability Ratio (%), 2010–2014
Table 13: Egyptian Non-Life Insurance – Profitability Ratio (%), 2014–2019
Table 14: Egyptian Non-Life Insurance – Total Assets (EGP Billion and US$ Billion), 2010–2014
Table 15: Egyptian Non-Life Insurance – Total Assets (EGP Billion and US$ Billion), 2014–2019
Table 16: Egyptian Non-Life Insurance – Total Investment Income (EGP Billion and US$ Million), 2010–2014
Table 17: Egyptian Non-Life Insurance – Total Investment Income (EGP Billion and US$ Million), 2014–2019
Table 18: Egyptian Non-Life Insurance – Investment Portfolio (EGP Billion), 2010–2014
Table 19: Egyptian Non-Life Insurance – Investment Portfolio (EGP Billion), 2014–2019
Table 20: Egyptian Non-Life Insurance – Gross Written Premium by Category (EGP Million), 2010–2014
Table 21: Egyptian Non-Life Insurance – Gross Written Premium by Category (EGP Million), 2014–2019
Table 22: Egyptian Property Insurance – Gross Written Premium by Sub-Category (EGP Million), 2010–2014
Table 23: Egyptian Property Insurance – Gross Written Premium by Sub-Category (EGP Million), 2014–2019
Table 24: Egyptian Property Insurance – Paid Claim (EGP Million and US$ Million), 2010–2014
Table 25: Egyptian Property Insurance – Paid Claim (EGP Million and US$ Million), 2014–2019
Table 26: Egyptian Property Insurance – Loss Ratio (%), 2010–2014
Table 27: Egyptian Property Insurance – Loss Ratio (%), 2014–2019
Table 28: Egyptian Motor Insurance – Gross Written Premium by Sub-Category (EGP Million), 2010–2014
Table 29: Egyptian Motor Insurance – Gross Written Premium by Sub-Category (EGP Million), 2014–2019
Table 30: Egyptian Motor Insurance – Paid Claim (EGP Billion and US$ Million), 2010–2014
Table 31: Egyptian Motor Insurance – Paid Claims (EGP Billion and US$ Million), 2014–2019
Table 32: Egyptian Motor Insurance – Loss Ratio (%), 2010–2014
Table 33: Egyptian Motor Insurance – Loss Ratio (%), 2014–2019
Table 34: Egyptian Liability Insurance – Gross Written Premium (EGP Million), 2010–2014
Table 35: Egyptian Liability Insurance – Gross Written Premium (EGP Million), 2014–2019
Table 36: Egyptian Liability Insurance – Paid Claim (EGP Million and US$ Million), 2010–2014
Table 37: Egyptian Liability Insurance – Paid Claim (EGP Million and US$ Million), 2014–2019
Table 38: Egyptian Liability Insurance – Loss Ratio (%), 2010–2014
Table 39: Egyptian Liability Insurance – Loss Ratio (%), 2014–2019
Table 40: Egyptian Marine, Aviation and Transit Insurance – Gross Written Premium (EGP Million), 2010–2014
Table 41: Egyptian Marine, Aviation and Transit Insurance – Gross Written Premium (EGP Million), 2014–2019
Table 42: Egyptian Marine, Aviation and Transit Insurance – Paid Claims (EGP Million and US$ Million), 2010–2014
Table 43: Egyptian Marine, Aviation and Transit Insurance – Paid Claims (EGP Million and US$ Million), 2014–2019
Table 44: Egyptian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2010–2014
Table 45: Egyptian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2014–2019
Table 46: Egypt Average Annual Loss by Hazard
Table 47: Shares of Key Insurers in the Egyptian Non-Life Insurance Segment (%), 2014
Table 48: Misr Insurance Company, Key Facts
Table 49: Misr Insurance, Key Financials (EGP Million), 2010–2014
Table 50: Suez Canal Insurance Company, Key Facts
Table 51: Suez Canal Insurance, Key Financials (EGP Million), 2010–2014
Table 52: Arab Misr Insurance Group SAE, Key Facts
Table 53: Arab Misr Insurance Group SAE, Key Financials (EGP Million), 2010–2014
Table 54: Egyptian Takaful Property Insurance Company, Key Facts
Table 55: Egyptian Takaful Property Insurance Company, Key Financials (EGP Million), 2010–2014
Table 56: Royal Insurance Company, Key Facts
Table 57: Royal Insurance Company, Key Financials (EGP Million), 2010–2014
Table 58: Egypt – Insurance Regulatory Framework Key Features
Table 59: Egypt – Life Insurance Regulatory Framework
Table 60: Egypt – Property Insurance Regulatory Framework
Table 61: Egypt – Motor Insurance Regulatory Framework
Table 62: Egypt – Liability Insurance Regulatory Framework
Table 63: Egypt – Corporate Tax Rates for the Financial Year 2015
Table 64: Egyptian Insurance Industry – Policies and Premium, 2010–2014
Table 65: Egyptian Insurance Industry – Policies and Premium, 2014–2019
Table 66: Egyptian Non-Life Insurance – Policies and Premium, 2010–2014
Table 67: Egyptian Non-Life Insurance – Policies and Premium, 2014–2019
Table 68: Egyptian Non-Life Insurance – Property Insurance Policies and Premium, 2010–2014
Table 69: Egyptian Non-Life Insurance – Property Insurance Policies and Premium, 2014–2019
Table 70: Egyptian Non-Life Insurance – Motor Insurance Policies and Premium, 2010–2014
Table 71: Egyptian Non-Life Insurance – Motor Insurance Policies and Premium, 2014–2019
Table 72: Egyptian Non-Life Insurance – Liability Insurance Policies and Premium, 2010–2014
Table 73: Egyptian Non-Life Insurance – Liability Insurance Policies and Premium, 2014–2019
Table 74: Egyptian Non-Life Insurance – Marine, Aviation and Transit Insurance Policies and Premium, 2010–2014
Table 75: Egyptian Non-Life Insurance – Marine, Aviation and Transit Insurance Policies and Premium, 2014–2019
Table 76: Egyptian Non-Life Insurance – Gross Written Premium by Sub-Category (EGP Million), 2010–2014
Table 77: Egyptian Non-Life Insurance – Gross Written Premium by Sub-Category (EGP Million), 2014–2019
Table 78: Egyptian Non-Life Insurance – Direct Written Premium by Sub-Category (EGP Million), 2010–2014
Table 79: Egyptian Non-Life Insurance – Direct Written Premium by Sub-Category (EGP Million), 2014–2019
Table 80: Egyptian Non-Life Insurance – Penetration by Sub-Category (%), 2010–2014
Table 81: Egyptian Non-Life Insurance – Penetration by Sub-Category (%), 2014–2019
Table 82: Insurance Industry Definitions

List of Figures
Figure 1: Egyptian Real GDP (EGP Billion), 2010–2019
Figure 2: Egyptian EGP–US$ Exchange Rate, 2010–2019
Figure 3: Egyptian Consumer Price Inflation (%), 2010–2019
Figure 4: Egyptian Current Account Balance as Percentage of GDP, 2010–2019
Figure 5: Egyptian Unemployment Rate (%), 2010–2019
Figure 6: Egyptian Population Age Group (Percentage of Total), 2000–2025
Figure 7: Egyptian Non-Life Insurance Penetration – Regional Comparison (%), 2014
Figure 8: Egyptian Insurance Segment Direct Written Premium Shares – Regional Comparison (%), 2014
Figure 9: Egyptian Non-Life Insurance – Gross Written Premium (EGP Billion), 2010–2019
Figure 10: Egyptian Non-Life Insurance – Penetration (%), 2010–2019
Figure 11: Egyptian Non-Life Insurance – Premium per Capita (EGP), 2010–2019
Figure 12: Egyptian Non-Life Insurance – Paid Claim (EGP Billion), 2010–2019
Figure 13: Egyptian Non-Life Insurance – Profitability Ratio (%), 2010–2019
Figure 14: Egyptian Non-Life Insurance – Total Assets (EGP Billion), 2010–2019
Figure 15: Egyptian Non-Life Insurance – Total Investment Income (EGP Billion), 2010–2019
Figure 16: Egyptian Non-Life Insurance – Investment Portfolio (EGP Billion), 2010–2019
Figure 17: Egyptian Non-Life Insurance – Investment Portfolio Dynamics by Category, 2010–2019
Figure 18: Egyptian Non-Life Insurance – Gross Written Premium by Category (EGP Billion and US$ Billion), 2010–2019
Figure 19: Egyptian Non-Life Insurance – Gross Written Premium Dynamics by Category, 2010–2019
Figure 20: Egyptian Property Insurance – Construction Value Output by Category (EGP Billion), 2010–2014
Figure 21: Egyptian Property Insurance – Gross Written Premium by Sub-Category (EGP Million), 2010–2019
Figure 22: Egyptian Property Insurance – Gross Written Premium Dynamics by Sub-Category, 2010–2019
Figure 23: Egyptian Property Insurance – Paid Claim (EGP Million), 2010–2019
Figure 24: Egyptian Property Insurance – Earned Premium, Incurred Loss and Loss Ratio (EGP Million and %), 2010–2019
Figure 25: Egyptian Motor Insurance – Gross Written Premium by Sub-Category (EGP Million), 2010–2019
Figure 26: Egyptian Motor Insurance – Gross Written Premium Dynamics by Sub-Category, 2010–2019
Figure 27: Egyptian Motor Insurance – Paid Claims (EGP Billion), 2010–2019
Figure 28: Egyptian Motor Insurance – Earned Premium, Incurred Loss and Loss Ratio (EGP Billion and %), 2010–2019
Figure 29: Egyptian Liability Insurance – Gross Written Premium (EGP Million), 2010–2019
Figure 30: Egyptian Liability Insurance – Paid Claims (EGP Million), 2010–2019
Figure 31: Egyptian Liability Insurance – Earned Premium, Incurred Loss and Loss Ratio (EGP Million and %), 2010–2019
Figure 32: Egyptian Total Imports and Exports at Constant Prices (EGP Billion), 2010–2014
Figure 33: Egyptian Marine, Aviation and Transit Insurance – Gross Written Premium (EGP Million), 2010–2019
Figure 34: Egyptian Marine, Aviation and Transit Insurance – Paid Claim (EGP Million), 2010–2019
Figure 35: Egyptian Marine, Aviation and Transit Insurance – Earned Premium, Incurred Loss and Loss Ratio (EGP Billion and %), 2010–2019
Figure 36: Egypt – Frequency of Hazards by Type, 1990–2014
Figure 37: Egypt – Losses (Mortality and Economic Damages as a Percentage of the Total) by Type of Disaster, 1990–2014
Figure 38: Shares of Key Insurers in the Egyptian Non-Life Insurance Segment (%), 2013
Figure 39: Egypt – Insurance Supervision and Control at Various Levels
Figure 40: Egypt – Insurance Regulatory Frameworks for Company Registration and Operation

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- Misr Insurance Company
- Suez Canal Insurance Company
- Arab Misr Insurance Group (GIG)
- Egyptian Takaful Property Insurance Company
- Royal Insurance Company
- Allianz Egypt Insurance Company
- Arab Orient Takaful Insurance
- AIG Egypt Insurance Company SAE
- Egyptian Saudi Insurance House
- Mohandes Insurance Company

Note: Product cover images may vary from those shown
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