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The Insurance Industry in Eritrea, Key Trends and Opportunities to 2017 - Product Image

The Insurance Industry in Eritrea, Key Trends and Opportunities to 2017

  • ID: 2542462
  • May 2013
  • Region: Eritrea
  • 67 Pages
  • Timetric

The insurance industry is relatively small in size and encompasses a population of 5.7 million. Insurance penetration as a percentage of GDP is very low at 0.4% in 2012 and this was almost entirely represented by the non-life insurance segment alone. A lack of awareness about insurance, particularly in rural areas where 75% of the country’s population reside, is the major growth hinder-er of life insurance. Furthermore, the social and family structures in the country often negate insurance benefits. Insurance policies are designed by keeping the urban population in mind, resulting in insurance benefits being of less significance for the rural population.

Synopsis

The report provides in depth market analysis, information and insights into the insurance industry in Eritrea, including:

- The Eritrean insurance industry’s growth prospects by insurance segments and categories
- The competitive landscape in the Eritrean insurance industry
- The current trends and drivers of the Eritrea insurance industry
- The challenges facing the Eritrean insurance industry
- The regulatory framework of the Eritrea insurance industry

Scope

This READ MORE >

1 Executive Summary
2 Introduction

2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 Eritrean Insurance Industry Overview
3.1 Eritrean Insurance Industry

4 Industry Segmentation
4.1 Life Insurance
4.2 Non-Life Insurance
4.2.1 Property insurance
4.2.2 Motor insurance
4.2.3 Marine, aviation and transit insurance
4.3 Reinsurance

5 Macroeconomic Indicators
5.1 GDP at Current Prices (US$ Billion)
5.2 Total Population
5.3 Household Final Consumption Expenditure (US$ Billion)
5.4 Agriculture, Hunting, Forestry and Fishing Output (US$ Million)
5.5 Construction Output (US$ Million)
5.6 Manufacturing Output (US$ Million)
5.7 Mining, Manufacturing and Utilities Output (US$ Million)
5.8 Exports of Goods and Services (US$ Million)

6 Appendix
6.1 Methodology
6.2 Contact Us
6.3 About Timetric
6.4 Disclaimer

List of Tables

Table 1: Insurance Industry Definitions
Table 2: Eritrean Insurance – Overall Written Premium by Segment (ERN Million), 2008–2012
Table 3: Eritrean Insurance – Overall Written Premium by Segment (US$ Million), 2008–2012
Table 4: Eritrean Insurance – Overall Written Premium by Segment (ERN Million), 2012–2017
Table 5: Eritrean Insurance – Overall Written Premium by Segment (US$ Million), 2012–2017
Table 6: Eritrean Insurance – Segmentation (%), 2008–2017
Table 7: Eritrean Life Insurance – Written Premium (ERN Million), 2008–2012
Table 8: Eritrean Life Insurance – Written Premium (ERN Million), 2012–2017
Table 9: Eritrean Life Insurance – Paid Claims (ERN Million), 2008–2012
Table 10: Eritrean Life Insurance – Paid Claims (ERN Million), 2012–2017
Table 11: Eritrean Life Insurance – Incurred Loss (ERN Million), 2008–2012
Table 12: Eritrean Life Insurance – Incurred Loss (ERN Million), 2012–2017
Table 13: Eritrean Life Insurance – Loss Ratio (%), 2008–2012
Table 14: Eritrean Life Insurance – Loss Ratio (%), 2012–2017
Table 15: Eritrean Life Insurance – Combined Ratio (%), 2008–2012
Table 16: Eritrean Life Insurance – Combined Ratio (%), 2012–2017
Table 17: Eritrean Life Insurance – Retentions (ERN Million), 2008–2012
Table 18: Eritrean Life Insurance – Retentions (ERN Million), 2012–2017
Table 19: Eritrean Non-Life Insurance – Written Premium by Category (ERN Million), 2008–2012
Table 20: Eritrean Non-Life Insurance – Written Premium by Category (US$ Million), 2008–2012
Table 21: Eritrean Non-Life Insurance – Written Premium by Category (ERN Million), 2012–2017
Table 22: Eritrean Non-Life Insurance – Written Premium by Category (US$ Million), 2012–2017
Table 23: Eritrean Non-Life Insurance – Paid Claims (ERN Million), 2008–2012
Table 24: Eritrean Non-Life Insurance – Paid Claims (ERN Million), 2012–2017
Table 25: Eritrean Non-Life Insurance – Incurred Loss (ERN Million), 2008–2012
Table 26: Eritrean Non-Life Insurance – Incurred Loss (ERN Million), 2012–2017
Table 27: Eritrean Non-Life Insurance – Loss Ratio (%), 2008–2012
Table 28: Eritrean Non-Life Insurance – Loss Ratio (%), 2012–2017
Table 29: Eritrean Non-Life Insurance – Combined Ratio (%), 2008–2012
Table 30: Eritrean Non-Life Insurance – Combined Ratio (%), 2012–2017
Table 31: Eritrean Non-Life Insurance – Retentions (ERN Million), 2008–2012
Table 32: Eritrean Non-Life Insurance – Retentions (ERN Million), 2012–2017
Table 33: Eritrean Property Insurance – Written Premium (ERN Million), 2008–2012
Table 34: Eritrean Property Insurance – Written Premium (ERN Million), 2012–2017
Table 35: Eritrean Motor Insurance – Written Premium (ERN Million), 2008–2012
Table 36: Eritrean Motor Insurance – Written Premium (ERN Million), 2012–2017
Table 37: Eritrean Marine, Aviation and Transit Insurance – Written Premium (ERN Million), 2008–2012
Table 38: Eritrean Marine, Aviation and Transit Insurance – Written Premium (ERN Million), 2012–2017
Table 39: Eritrean Reinsurance Ceded by Insurance Segment (ERN Million), 2008–2012
Table 40: Eritrean Reinsurance Ceded by Insurance Segment (US$ Million), 2008–2012
Table 41: Eritrean Reinsurance Ceded by Insurance Segment (ERN Million), 2012–2017
Table 42: Eritrean Reinsurance Ceded by Insurance Segment (US$ Million), 2012–2017
Table 43: Eritrean Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Table 44: Eritrean Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Table 45: Eritrean Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Table 46: Eritrean Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017

List of Figures

Figure 1: Eritrean Insurance – Overall Written Premium by Segment (ERN Million), 2008–2017
Figure 2: Eritrean Insurance – Market Dynamics by Segment (%), 2008–2017
Figure 3: Eritrean Life Insurance – Written Premium (ERN Million), 2008–2012
Figure 4: Eritrean Life Insurance – Written Premium (ERN Million), 2012–2017
Figure 5: Eritrean Life Insurance – Paid Claims (ERN Million), 2008–2012
Figure 6: Eritrean Life Insurance – Paid Claims (ERN Million), 2012–2017
Figure 7: Eritrean Life Insurance – Incurred Loss (ERN Million), 2008–2012
Figure 8: Eritrean Life Insurance – Incurred Loss (ERN Million), 2012–2017
Figure 9: Eritrean Life Insurance – Loss Ratio (%), 2008–2012
Figure 10: Eritrean Life Insurance – Loss Ratio (%), 2012–2017
Figure 11: Eritrean Life Insurance – Combined Ratio (%), 2008–2012
Figure 12: Eritrean Life Insurance – Combined Ratio (%), 2012–2017
Figure 13: Eritrean Life Insurance – Retentions (ERN Million), 2008–2012
Figure 14: Eritrean Life Insurance – Retentions (ERN Million), 2012–2017
Figure 15: Eritrean Life Insurance – Penetration (% of GDP), 2008–2012
Figure 16: Eritrean Life Insurance – Premium Per Capita (ERN), 2008–2012
Figure 17: Eritrean Non-Life Insurance – Written Premium by Category (ERN Million), 2008–2017
Figure 18: Eritrean Non-Life Insurance – Written Premium by Category (%), 2012 and 2017
Figure 19: Eritrean Non-Life Insurance – Market Dynamics by Category (%), 2008–2017
Figure 20: Eritrean Non-Life Insurance – Paid Claims (ERN Million), 2008–2012
Figure 21: Eritrean Non-Life Insurance – Paid Claims (ERN Million), 2012–2017
Figure 22: Eritrean Non-Life Insurance – Incurred Loss (ERN Million), 2008–2012
Figure 23: Eritrean Non-Life Insurance – Incurred Loss (ERN Million), 2012–2017
Figure 24: Eritrean Non-Life Insurance – Loss Ratio (%), 2008–2012
Figure 25: Eritrean Non-Life Insurance – Loss Ratio (%), 2012–2017
Figure 26: Eritrean Non-Life Insurance – Combined Ratio (%), 2008–2012
Figure 27: Eritrean Non-Life Insurance – Combined Ratio (%), 2012–2017
Figure 28: Eritrean Non-Life Insurance – Retentions (ERN Million), 2008–2012
Figure 29: Eritrean Non-Life Insurance – Retentions (ERN Million), 2012–2017
Figure 30: Eritrean Non-Life Insurance – Penetration (% of GDP), 2008–2012
Figure 31: Eritrean Non-Life Insurance – Premium Per Capita (ERN), 2008–2012
Figure 32: Eritrean Property Insurance – Written Premium (ERN Million), 2008–2012
Figure 33: Eritrean Property Insurance – Written Premium (ERN Million), 2012–2017
Figure 34: Eritrean Motor Insurance – Written Premium (ERN Million), 2008–2012
Figure 35: Eritrean Motor Insurance – Written Premium (ERN Million), 2012–2017
Figure 36: Eritrean Marine, Aviation and Transit Insurance – Written Premium (ERN Million), 2008–2012
Figure 37: Eritrean Marine, Aviation and Transit Insurance – Written Premium (ERN Million), 2012–2017
Figure 38: Eritrean Reinsurance Ceded by Insurance Segment (ERN Million), 2008–2017
Figure 39: Eritrean Reinsurance – Market Dynamics by Insurance Segment (%), 2008–2017
Figure 40: Eritrean Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 41: Eritrean Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 42: Eritrean Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 43: Eritrean Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 44: Eritrean GDP at Current Prices (US$ Billion), 2007–2011
Figure 45: Eritrean Total Population (Million), 2007–2011
Figure 46: Eritrean Final Consumption Expenditure (US$ Billion), 2007–2011
Figure 47: Eritrean Agriculture, Hunting, Forestry and Fishing Output (US$ Million), 2007–2011
Figure 48: Eritrean Construction Output (US$ Million), 2007–2011
Figure 49: Eritrean Manufacturing Output (US$ Million), 2007–2011
Figure 50: Eritrean Mining, Manufacturing and Utilities Output (US$ Million), 2007–2011
Figure 51: Eritrean Exports of Goods and Services (US$ Million), 2007–2011

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