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The Insurance Industry in Eritrea, Key Trends and Opportunities to 2022

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    Report

  • 60 Pages
  • August 2018
  • Region: Eritrea
  • GlobalData
  • ID: 4620639
The Insurance Industry in Eritrea, Key Trends and Opportunities to 2022

Summary

This "The Insurance Industry in Eritrea, Key Trends and Opportunities to 2022" report provides detailed analysis of the market trends, drivers and challenges in the Eritrean insurance industry.

It provides key performance indicators such as written premium and claims during the review period (2013-2017) and forecast period (2017-2022).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Eritrean economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together This 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.

Inside this report, we look at the top themes, its predictions and identify winners and losers.

The report provides in-depth market analysis, information and insights into the Eritrean insurance industry, including -
  • The Eritrean insurance industry's growth prospects by segment and category

  • A comprehensive overview of the Eritrean economy and demographics

  • Details of the competitive landscape in the Eritrean insurance industry

  • The various distribution channels in the Eritrean insurance industry

  • Details of regulatory policy applicable to the Eritrean insurance industry

  • Analysis of natural hazards in the Eritrean insurance industry.


Scope
  • This report provides a comprehensive analysis of the insurance industry in Eritrea

  • It provides historical values for the Eritrean insurance industry for the report’s 2013-2017 review period, and projected figures for the 2017-2022 forecast period.

  • It offers a detailed analysis of the key segments in the Eritrean insurance industry, with market forecasts to 2022.

  • It covers an exhaustive list of parameters, including written premium and claims.

  • It analyzes the various distribution channels in Eritrea.

  • It profiles the top insurance companies in Eritrea, 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 Eritrean insurance industry and each segment and category within it.

  • Understand the demand-side dynamics, key market trends and growth opportunities in the Eritrean insurance industry.

  • Assess the competitive dynamics in the Eritrean insurance industry.

  • Identify the growth opportunities and market dynamics in key segments.

  • Gain insights into key regulations governing the Eritrean insurance industry and their impact on companies and the industry's future.

Table of Contents

1 Key Facts and Highlights

2 Executive Summary

3 Economy and Demographics

4 Industry Outlook
4.1 Industry Indicators
4.1.1 Gross written premium
4.1.2 Insurance density
4.1.3 Paid claims

5 Life Insurance Outlook
5.1 Segment Indicators
5.1.1 Gross written premium
5.1.2 Paid claims
5.1.3 Penetration
5.1.4 Assets and investments

6 General Insurance Outlook
6.1 Segment Indicators
6.1.1 Gross written premium
6.1.2 Paid claims
6.1.3 Penetration
6.1.4 Loss ratio
6.1.5 Assets and investments
6.2 Property Insurance
6.2.1 Gross written premium
6.2.2 Penetration
6.2.3 Claims
6.2.4 Profitability
6.3 Motor Insurance
6.3.1 Gross written premium
6.3.2 Penetration
6.3.3 Claims
6.3.4 Profitability
6.4 Marine, Aviation and Transit Insurance
6.4.1 Gross written premium
6.4.2 Penetration
6.4.3 Claims

7 Distribution Channel Outlook

8 Natural and Man-Made Hazards
8.1 Flooding
8.2 Droughts
8.3 Exposure

9 Competitive Landscape
9.1 Company Profiles
9.1.1 National Insurance Corporation of Eritrea (NICE) - company overview

10 Databook
10.1 Life Insurance
10.1.1 Policies and premium
10.1.2 Claims and expenses
10.1.3 Assets and investments
10.2 General Insurance
10.2.1 Policies and premium
10.2.2 Claims and expenses
10.2.3 Assets and investments
10.2.4 Property insurance
10.2.5 Motor insurance
10.2.6 Marine, aviation and transit insurance

11 Definitions and Methodology
11.1 Definitions
11.2 Methodology

12 About the Publisher
12.1 Contact Information
12.2 About the Publisher
12.3 Services
12.4 Disclaimer

List of Tables
Table 1: Eritrean Insurance Industry - Key Facts, 2017
Table 2: Eritrean Insurance Industry - Leading Insurers, 2017
Table 3: Eritrean Insurance Industry - Gross Written Premium (ERN Million and US$ Million), 2013-2017
Table 4: Eritrean Insurance Industry - Gross Written Premium (ERN Million and US$ Million), 2017-2022
Table 5: Eritrean Insurance Industry - Density (ERN), 2013-2017
Table 6: Eritrean Insurance Industry - Density (ERN), 2017-2022
Table 7: Eritrean Insurance Industry - Paid Claims (ERN Million and US$ Million), 2013-2017
Table 8: Eritrean Insurance Industry - Paid Claims (ERN Million and US$ Million), 2017-2022
Table 9: Eritrean Life Insurance - Gross Written Premium (ERN Million and US$ Million), 2013-2017
Table 10: Eritrean Life Insurance - Gross Written Premium (ERN Million and US$ Million), 2017-2022
Table 11: Eritrean Life Insurance - Paid Claims (ERN Million and US$ Million), 2013-2017
Table 12: Eritrean Life Insurance - Paid Claims (ERN Million and US$ Million), 2017-2022
Table 13: Eritrean Life Insurance - Total Assets (ERN Million and US$ Million), 2013-2017
Table 14: Eritrean Life Insurance - Total Assets (ERN Million and US$ Million), 2017-2022
Table 15: Eritrean Life Insurance - Total Investment Income (ERN Million and US$ Million), 2013-2017
Table 16: Eritrean Life Insurance - Total Investment Income (ERN Million and US$ Million), 2017-2022
Table 17: Eritrean General Insurance - Gross Written Premium (ERN Million and US$ Million), 2013-2017
Table 18: Eritrean General Insurance - Gross Written Premium (ERN Million and US$ Million), 2017-2022
Table 19: Eritrean General Insurance - Paid Claims (ERN Million and US$ Million), 2013-2017
Table 20: Eritrean General Insurance - Paid Claims (ERN Million and US$ Million), 2017-2022
Table 21: Eritrean General Insurance - Total Assets (ERN Million and US$ Million), 2013-2017
Table 22: Eritrean General Insurance - Total Assets (ERN Million and US$ Million), 2017-2022
Table 23: Eritrean General Insurance - Total Investment Income (ERN Million and US$ Million), 2013-2017
Table 24: Eritrean General Insurance - Total Investment Income (ERN Million and US$ Million), 2017-2022
Table 25: Eritrean Property Insurance - Gross Written Premium (ERN Million and US$ Million), 2013-2017
Table 26: Eritrean Property Insurance - Gross Written Premium (ERN Million and US$ Million), 2017-2022
Table 27: Eritrean Property Insurance - Paid Claims (ERN Million and US$ Million), 2013-2017
Table 28: Eritrean Property Insurance - Paid Claims (ERN Million and US$ Million), 2017-2022
Table 29: Eritrean Property Insurance - Loss Ratio (%), 2013-2017
Table 30: Eritrean Property Insurance - Loss Ratio(%), 2017-2022
Table 31: Eritrean Motor Insurance - Gross Written Premium (ERN Million and US$ Million), 2013-2017
Table 32: Eritrean Motor Insurance - Gross Written Premium (ERN Million and US$ Million), 2017-2022
Table 33: Eritrean Motor Insurance - Paid Claims (ERN Million and US$ Million), 2013-2017
Table 34: Eritrean Motor Insurance - Paid Claims (ERN Million and US$ Million), 2017-2022
Table 35: Eritrean Motor Insurance - Loss Ratio (%), 2013-2017
Table 36: Eritrean Motor Insurance - Loss Ratio(%), 2017-2022
Table 37: Eritrean Marine, Aviation and Transit Insurance - Gross Written Premium (ERN Million and US$ Million), 2013-2017
Table 38: Eritrean Marine, Aviation and Transit Insurance - Gross Written Premium (ERN Million and US$ Million), 2017-2022
Table 39: Eritrean Marine, Aviation and Transit Insurance - Paid Claims (ERN Million and US$ Million), 2013-2017
Table 40: Eritrean Marine, Aviation and Transit Insurance - Paid Claims (ERN Million and US$ Million), 2017-2022
Table 41: Eritrean Insurance Industry - Leading Insurers, 2017
Table 42: National Insurance Corporation of Eritrea - Key Facts
Table 43: Eritrean Life Insurance - Policies and Premium, 2013-2017
Table 44: Eritrean Life Insurance - Policies and Premium, 2017-2022
Table 45: Eritrean Life Insurance - Claims and Expenses, 2013-2017
Table 46: Eritrean Life Insurance - Claims and Expenses, 2017-2022
Table 47: Eritrean Life Insurance - Assets and Investments, 2013-2017
Table 48: Eritrean Life Insurance - Assets and Investments, 2017-2022
Table 49: Eritrean General Insurance - Policies and Premium, 2013-2017
Table 50: Eritrean General Insurance - Policies and Premium, 2017-2022
Table 51: Eritrean General Insurance - Claims and Expenses, 2013-2017
Table 52: Eritrean General Insurance - Claims and Expenses, 2017-2022
Table 53: Eritrean General Insurance - Assets and Investments, 2013-2017
Table 54: Eritrean General Insurance - Assets and Investments, 2017-2022
Table 55: Eritrean General Insurance - Property Insurance, 2013-2017
Table 56: Eritrean General Insurance - Property Insurance, 2017-2022
Table 57: Eritrean General Insurance - Motor Insurance, 2013-2017
Table 58: Eritrean General Insurance - Motor Insurance, 2017-2022
Table 59: Eritrean General Insurance - Marine, Aviation and Transit Insurance, 2013-2017
Table 60: Eritrean General Insurance - Marine, Aviation and Transit Insurance, 2017-2022
Table 61: Insurance Industry Definitions

List of Figures
Figure 1: Eritrean Real GDP (ERN Billion), 2013-2022
Figure 2: Eritrean Exchange Rate (ERN per US$), 2013-2022
Figure 3: Eritrean Consumer Price Inflation (%), 2013-2022
Figure 4: Eritrean Unemployment Rate, 2013-2022
Figure 5: Eritrean Population by Age Group, 2013-2022
Figure 6: Eritrean Insurance Industry - Gross Written Premium (ERN Million), 2013-2022
Figure 7: Eritrean Insurance Industry - Density (ERN), 2013-2022
Figure 8: Eritrean Insurance Industry - Paid Claims (ERN Million), 2013-2022
Figure 9: Eritrean Life Insurance - Gross Written Premium (ERN Million), 2013-2022
Figure 10: Eritrean Life Insurance - Paid Claims (ERN Million), 2013-2022
Figure 11: Eritrean Life Insurance - Penetration (%), 2013-2017
Figure 12: Eritrean Life Insurance - Penetration (%), 2017-2022
Figure 13: Eritrean Life Insurance - Total Assets (ERN Million), 2013-2022
Figure 14: Eritrean Life Insurance - Total Investment Income (ERN Million), 2013-2022
Figure 15: Eritrean General Insurance - Gross Written Premium (ERN Million), 2013-2022
Figure 16: Eritrean General Insurance - Paid Claims (ERN Million), 2013-2022
Figure 17: Eritrean General Insurance - Penetration (%), 2013-2017
Figure 18: Eritrean General Insurance - Penetration (%), 2017-2022
Figure 19: Eritrean General Insurance - Loss Ratio (%), 2013-2017
Figure 20: Eritrean General Insurance - Loss Ratio (%), 2017-2022
Figure 21: Eritrean General Insurance - Total Assets (ERN Million), 2013-2022
Figure 22: Eritrean General Insurance - Total Investment Income (ERN Million), 2013-2022
Figure 23: Eritrean Property Insurance - Gross Written Premium (ERN Million), 2013-2022
Figure 24: Eritrean Property Insurance - Penetration (%), 2013-2017
Figure 25: Eritrean Property Insurance - Penetration (%), 2017-2022
Figure 26: Eritrean Property Insurance - Paid Claims (ERN Million), 2013-2022
Figure 27: Eritrean Property Insurance - Earned Premium, Incurred Loss and Loss Ratio (ERN Million and %), 2013-2022
Figure 28: Eritrean Motor Insurance - Gross Written Premium (ERN Million), 2013-2022
Figure 29: Eritrean Motor Insurance - Penetration (%), 2013-2017
Figure 30: Eritrean Motor Insurance - Penetration (%), 2017-2022
Figure 31: Eritrean Motor Insurance - Paid Claims (ERN Million), 2013-2022
Figure 32: Eritrean Motor Insurance - Earned Premium, Incurred Loss and Loss Ratio (ERN Million and %), 2013-2022
Figure 33: Eritrean Marine, Aviation and Transit Insurance - Gross Written Premium (ERN Million), 2013-2022
Figure 34: Eritrean Marine, Aviation and Transit Insurance - Penetration (%), 2013-2017
Figure 35: Eritrean Marine, Aviation and Transit Insurance - Penetration (%), 2017-2022
Figure 36: Eritrean Marine, Aviation and Transit Insurance - Paid Claims (ERN Million), 2013-20

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • National Insurance Corporation of Eritrea