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Non-Life Insurance in Egypt, Key Trends and Opportunities to 2017 Reportstack Reportstack Contact

Summary ď ś The environment of uncertainty in Egypt since the beginning of the political upheavals in 2011 has affected economic growth. GDP growth fell from 5.1% in 2010 to 1.8% in 2011 and 2.2% in 2012. However, the insurance industry was largely unaffected and registered a compound annual growth rate (CAGR) of 9.2% during the review period (2008-2012). The non-life segment accounted for 47.1% of the industry’s total gross written premium, valuing EGP5.0 billion (US$0.8 billion) in 2012. The non-life segment led the industry’s overall growth, supported by high demand for property and causality products during the political violence. Motor insurance accounted 40.3% of the Egyptian non-life insurance written premium in 2012, followed by property insurance with 30.5%. The non-life segment is competitive with 19 insurance companies authorized to operate under the supervision of the Egyptian Financial Supervisory Authority (EFSA).

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Scope 

It provides historical values for Egypt’s non-life insurance segment for the report’s 2008-2012 review period and forecast figures for the 2012-2017 forecast period.

It offers a detailed analysis of the key categories in Egypt’s non-life insurance segment, along with market forecasts until 2017.

It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.

It analyses the various distribution channels for non-life insurance products in Norway.

Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Egypt for the non-life insurance segment.

It provides a detailed analysis of the reinsurance segment in Egypt and its growth prospects.

It profiles the top non-life insurance companies in Egypt and outlines the key regulations affecting them.

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Key Benefits  Make strategic business decisions using in depth historic and forecast market data related to the Egyptian non-life insurance segment and each category within it

 Understand the demand-side dynamics, key market trends and growth opportunities within the Egyptian non-life insurance segment

 Assess the competitive dynamics in the non-life insurance segment, along with the reinsurance segment

 Identify the growth opportunities and market dynamics within key product categories  Gain insights into key regulations governing the Egyptian insurance industry and its impact on companies and the market's future

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Key Highlights 

The non-life segment accounted for 47.1% of the total gross written premium of the Egyptian insurance industry in 2012. Increased demand for motor and property insurance during the political instability, the introduction of new products covering risks related to political violence, and increased premiums contributed to the growth. Motor insurance accounted for the largest proportion of the Egyptian non-life insurance segment, in terms of gross written premium. The non-life segment is currently facing challenges from the gloomy business environment and a fall in foreign direct investment. The non-life insurance segment in Egypt is mainly dependent on traditional modes of distribution such as direct marketing, agencies and brokers. The Egyptian non-life insurance segment is highly concentrated, with the 10 leading companies accounting for 93.9% of the total non-life segment in terms of gross written premium.

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Companies Mentioned 

Misr Insurance Company

Suez Canal Insurance Company

Egyptian Arab Group

Allianz Egypt Insurance Company

Chartis Egypt Insurance Company

Egyptian Takaful property Insurance Company

Royal Insurance Company

Delta Insurance Company

Egyptian Saudi Insurance House

Mohandes Insurance Company

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If you are interested... ď Ź

Contact Debora White Reportstack Market Research Email: Ph: +1-888-789-6604

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Non life insurance in egypt, key trends and opportunities to 2017