Egypt Insurance Report Q4 2017

Egypt Insurance Report Q4 2017

BMI View: The depreciation of the Egyptian pound has undermined the value of the country's insurancemarket in US dollar terms. Exchange rate stability is likely to be achieved, but the resulting hit onhousehold income has undermined demand growth for non-compulsory lines while the cost of claims hasrisen. While USD premiums growth rates are set to turn positive from 2018, the effect of depreciation willbe felt for many years.

Key Updates And Forecasts

Non-life growth will be led by surging property insurance premiums with the segment set to rival thetraditionally dominant motor insurance segment. The larger non-life market is expected to expand toEGP11.3bn in 2017, following 11.7% growth. Over the period 2017-2021, non-life premiums shouldultimately reach EGP18.7bn. Motor and health will decline as a proportion of non-life premiums from28.9% and 10.6% respective to 25.1% and 8.6% respectively, while property will grow from 18.5% to24.0%.

BMI Industry View
Table: Headline Insurance Forecasts (Egypt 2014-2021)
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Egypt 2014-2021)
Table: Life Insurance Claims (Egypt 2009-2014)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Egypt 2014-2021)
Table: Non-Life Insurance Claims (Egypt 2010-2016)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Egypt 2014-2021)
Insurance Risk/Reward Index
Middle East And North Africa Insurance Risk/Reward Index
Table: Middle East And North Africa Insurance Risk/Reward Index, Q4 2017
Market Overview
Life Market Overview
Product Offering
Competitive Landscape
Non-Life Market Overview
Product Offering
Competitive Landscape
Table: Non-Life Insurance Market (USDmn, 2011-2012)
Company Profile
American International Group (AIG)
Gulf Insurance Group (GIG)
Misr Insurance Holding Company
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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