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Life Insurance in Egypt, Key Trends and Opportunities to 2021

Life Insurance in Egypt, Key Trends and Opportunities to 2021

Synopsis

Timetric’s 'Life Insurance in Egypt Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Egyptian life insurance segment, and a comparison of the Egyptian insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2012–2016) and forecast period (2016–2021).

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

The report brings together Timetric’s 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

Timetric’s 'Life Insurance in Egypt Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Egyptian life insurance segment, including:

  • An overview of the Egyptian life insurance segment
  • The Egyptian life insurance segment’s growth prospects by category
  • A comprehensive overview of the Egyptian economy and demographics
  • A comparison of the Egyptian life insurance segment with its regional counterparts
  • The various distribution channels in the Egyptian life insurance segment
  • Details of the competitive landscape in the life insurance segment in Egypt
  • Details of regulatory policy applicable to the Egyptian insurance industry
Scope

This report provides a comprehensive analysis of the life insurance segment in Egypt:
  • It provides historical values for the Egyptian life insurance segment for the report’s 2012–2016 review period, and projected figures for the 2016–2021 forecast period.
  • It offers a detailed analysis of the key categories in the Egyptian life insurance segment, and market forecasts to 2021.
  • It provides a comparison of the Egyptian life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for life insurance products in Egypt.
  • It profiles the top life insurance companies in Egypt 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 Egyptian life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Egyptian life insurance segment.
  • Assess the competitive dynamics in the life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Egyptian insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • In May 2017, the Egyptian Society for Cooperative Insurance (ESCI) introduced mortgage insurance policy for the low-income group.
  • In May 2017, Allianz Egypt announced its partnership with Orange Telecom to provide insurance to employees and assets of small- and medium-sized enterprises.
  • FDI in Egypt increased from EGP17.0 billion (US$2.8 billion) in 2012 to EGP69.0 billion (US$6.8 billion) in 2016 at a review period CAGR of 42.1%.
  • During the review period 2012–2016, the Egyptian life insurance gross written grew at a CAGR of 16.7%.


  • Key Facts and Highlights
    • Table Egyptian Life Insurance - Key Facts, 2016
    • Table Egyptian Life Insurance - Segment Shares of the Top Insurers, 2016
  • Executive Summary
  • Economy and Demographics
    • Table Egyptian Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Egyptian Life Insurance - Gross Written Premium (EGP Billion and US$ Million), 2012-2016
        • Table Egyptian Life Insurance - Penetration (%), 2012-2016
        • Table Egyptian Life Insurance - Gross Written Premium (EGP Billion and US$ Million), 2016-2021
        • Table Egyptian Life Insurance - Penetration (%), 2016-2021
        • Table Egyptian Life Insurance - New Business Direct Written Premium (EGP Billion and US$ Million), 2012-2016
        • Table Egyptian Life Insurance - New Business Direct Written Premium (EGP Billion and US$ Million), 2016-2021
        • Table Egyptian Life Insurance - Premium per Capita (EGP and US$), 2012-2016
        • Table Egyptian Life Insurance - Premium per Capita (EGP and US$), 2016-2021
      • Active policies
        • Table Egyptian Life Insurance - Number of Active Policies (Million), 2012-2016
        • Table Egyptian Life Insurance - Number of Active Policies (Million), 2016-2021
      • Claims
        • Table Egyptian Life Insurance - Paid Claims (EGP Billion and US$ Million), 2012-2016
        • Table Egyptian Life Insurance - Paid Claims (EGP Billion and US$ Million), 2016-2021
      • Sum assured
        • Table Egyptian Life Insurance - Sum Assured (EGP Billion and US$ Billion), 2012-2016
        • Table Egyptian Life Insurance - Sum Assured (EGP Billion and US$ Billion), 2016-2021
      • Assets and investments
        • Table Egyptian Life Insurance - Total Assets (EGP Billion and US$ Billion), 2012-2016
        • Table Egyptian Life Insurance - Total Assets (EGP Billion and US$ Billion), 2016-2021
        • Table Egyptian Life Insurance - Total Investment Income (EGP Billion and US$ Million), 2012-2016
        • Table Egyptian Life Insurance - Total Investment Income (EGP Billion and US$ Million), 2016-2021
        • Table Egyptian Life Insurance - Investment Portfolio (EGP Billion), 2012-2016
        • Table Egyptian Life Insurance - Investment Portfolio (EGP Billion), 2016-2021
  • Outlook by Sub-Segment
    • Table Egyptian Life Insurance - Direct Written Premium by Sub-Segment (EGP Billion),2012-2016
    • Table Egyptian Life Insurance - Direct Written Premium by Sub-Segment (EGP Billion), 2016-2021
    • Individual Life Insurance
      • Premium
        • Table Egyptian Individual Life Insurance - Direct Written Premium by Category (EGP Billion), 2012-2016
        • Table Egyptian Individual Life Insurance - Direct Written Premium by Category (EGP Billion), 2016-2021
      • Penetration
    • Group Life Insurance
      • Premium
        • Table Egyptian Group Life Insurance - Direct Written Premium by Category (EGP Billion), 2012-2016
        • Table Egyptian Group Life Insurance - Direct Written Premium by Category (EGP Billion), 2016-2021
      • Active policies
        • Table Egyptian Group Life Insurance - Number of Active Policies by Category (Thousand), 2012-2016
        • Table Egyptian Group Life Insurance - Number of Active Policies by Category (Thousand), 2016-2021
      • Penetration
  • Distribution Channel Outlook
  • Competitive Landscape
    • Table Egyptian Life Insurance - Segment Shares of the Leading Insurers (%), 2016
    • Company Profiles
      • Misr Life Insurance Company - company overview
        • Table Misr Life Insurance Company - Key Facts
        • Table Misr Life Insurance Company - Key Financials (EGP Million), 2012-2016
      • Allianz Life Assurance Company - company overview
        • Table Allianz Life Assurance Company - Key Facts
      • MetLife Egypt Insurance Company - company overview
        • Table MetLife Egypt Insurance Company - Key Facts
        • Table MetLife Egypt Insurance Company - Key Financials (EGP Million), 2012-2016
      • Commercial International Life Insurance Company - company overview
        • Table Commercial International Life Insurance Company - Key Facts
      • Suez Canal Life Insurance Company - company overview
        • Table Suez Canal Life Insurance Company - Key Facts
  • Governance, Risk and Compliance
    • Table Egypt - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Egypt - Life Insurance Regulatory Framework
      • Property insurance
        • Table Egypt - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Egypt - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Egypt - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Social Insurance System
      • Aviation third-party liability insurance
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Egyptian Financial Supervisory Authority
      • Insurance Federation of Egypt
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Egypt - Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Egyptian Life Insurance - Policies and Premium, 2012-2016
      • Table Egyptian Life Insurance - Policies and Premium, 2016-2021
    • Claims and Expenses
      • Table Egyptian Life Insurance - Claims and Expenses, 2012-2016
      • Table Egyptian Life Insurance - Claims and Expenses, 2016-2021
    • Assets and Investments
      • Table Egyptian Life Insurance - Assets and Investments, 2012-2016
      • Table Egyptian Life Insurance - Assets and Investments, 2016-2021
    • Individual Life Insurance
      • Table Egyptian Life Insurance - Individual Life Insurance, 2012-2016
      • Table Egyptian Life Insurance - Individual Life Insurance, 2016-2021
    • Individual Life Insurance by Category
      • Table Egyptian Life Insurance - Individual Life Insurance by Product, 2012-2016
      • Table Egyptian Life Insurance - Individual Life Insurance by Product, 2016-2021
    • Group Life Insurance
      • Table Egyptian Life Insurance - Group Life Insurance, 2012-2016
      • Table Egyptian Life Insurance - Group Life Insurance, 2016-2021
    • Group Life Insurance by Category
      • Table Egyptian Life Insurance - Group Life Insurance by Product, 2012-2016
      • Table Egyptian Life Insurance - Group Life Insurance by Product, 2016-2021
    • Linked vs Non-Linked Policies
      • Table Egyptian Life Insurance - Linked vs Non-Linked Policies, 2012-2016
      • Table Egyptian Life Insurance - Linked vs Non-Linked Policies, 2016-2021
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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