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Life Insurance in Egypt, Key Trends and Opportunities to 2019

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Synopsis
Timetrics Life Insurance in Egypt, Key Trends and Opportunities to 2019 report provides detailed analysis of the market trends, drivers and challenges in the Egyptian life insurance segment.

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 (20102014) and forecast period (20142019).

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 Timetrics 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
Timetrics Life Insurance in Egypt, Key Trends and Opportunities to 2019 report provides in-depth market analysis, information and insights into the Egyptian life insurance segment, including:

The Egyptian life insurance segments growth prospects by life insurance category

Key trends, drivers and challenges for the life insurance segment

A comprehensive overview of the Egyptian economy and demographics

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 reports 20102014 review period, and projected figures for the 20142019 forecast period.

It offers a detailed analysis of the key categories in the Egyptian life insurance segment, and market forecasts to 2019.

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 industrys future.

Key Highlights
Despite political turmoil and a sluggish economic environment during the review period, the Egyptian life insurance segment posted a review-period CAGR of 14.1%.

Consumer preferences towards simple, savings-oriented life insurance products with protection options such as individual life products, which consisted of 66.3% of segments gross written premium in 2014, is the most influential in the segment, while group life products are fast expanding.

The EFSA and Insurance Federation of Egypt also launched the countrys first insurance awareness association the Egyptian Association for Insurance Awareness Development in June 2015.

The lift on the ban and insurers adoption of the bancassurance business model, along with encouragement of postal services, will improve the penetration of life insurance products and support insurers liquidity positions over the forecast period.

Given the challenging operating environment, life insurers have increased their focus on controlling claims-related costs and implementing better risk-management strategies.
Key Facts and Highlights
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Economy and Demography
5 Life Insurance Outlook
5.1 Key Drivers
5.2 Key Trends
5.3 Challenges
5.4 Life Insurance Growth Prospects by Category
5.5 Individual Life Insurance
5.5.1 Individual whole life insurance
5.5.2 Individual pension insurance
5.5.3 Other individual life insurance
5.6 Group Life Insurance
5.6.1 Group whole life insurance
5.6.2 Group superannuation insurance
5.7 Life Insurance Growth Prospects by Product Type
5.7.1 Total linked insurance business
5.7.2 Total non-linked insurance business
6 Analysis by Distribution Channel
7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Leading Companies in the Life Segment
7.2.1 Misr Life Insurance Company company overview
7.2.2 Allianz Egypt Insurance Company SAE company overview
7.2.3 Pharaonic American Life Insurance Company company overview
7.2.4 Commercial International Life Insurance Company company overview
7.2.5 NSGB Life Insurance company overview
7.2.6 Egyptian Takaful Life Insurance Company company overview
7.2.7 Suez Canal Life Insurance Company company overview
7.2.8 Delta Insurance Company company overview
7.2.9 ACE Life Insurance company overview
7.2.10 Mohandes Insurance Company company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulations
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Motor third-party liability insurance
8.4.2 Social Insurance System
8.4.3 Aviation third-party liability insurance
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors (IAIS)
8.5.2 Egyptian Financial Supervisory Authority (EFSA)
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and penalties
8.7 Company Registration and Operations
8.7.1 Types of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margins
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution (ADR)
9 Appendix
9.1 Contact Timetric
9.2 About Timetric
9.3 Timetrics Services
9.4 Disclaimer

List of Tables


Table 1: Egyptian Life Insurance Key Facts, 2014
Table 2: Insurance Industry Definitions
Table 3: Egyptian Government Credit Ratings
Table 4: Egyptian Life Insurance Gross Written Premium by Category (EGP Million), 20102014
Table 5: Egyptian Life Insurance Gross Written Premium by Category (US$ Million), 20102014
Table 6: Egyptian Life Insurance Gross Written Premium by Category (EGP Million), 20142019
Table 7: Egyptian Life Insurance Gross Written Premium by Category (US$ Million), 20142019
Table 8: Egyptian Life Insurance Sum Assured (EGP Billion), 20102014
Table 9: Egyptian Life Insurance Sum Assured (EGP Billion), 20142019
Table 10: Egyptian Life Insurance Paid Claims (EGP Billion), 20102014
Table 11: Egyptian Life Insurance Paid Claims (EGP Billion), 20142019
Table 12: Egyptian Life Insurance Incurred Loss (EGP Billion), 20102014
Table 13: Egyptian Life Insurance Incurred Loss (EGP Billion), 20142019
Table 14: Egyptian Life Insurance Number of Policies per Capita, 20102014
Table 15: Egyptian Life Insurance Number of Policies per Capita, 20142019
Table 16: Egyptian Life Insurance Commissions and Expenses (EGP Billion), 20102014
Table 17: Egyptian Life Insurance Commissions and Expenses (EGP Billion), 20142019
Table 18: Egyptian Life Insurance Net Written Premium (% of GWP), 20102014
Table 19: Egyptian Life Insurance Net Written Premium (% of GWP), 20142019
Table 20: Egyptian Life Insurance Total Assets (EGP Billion), 20102014
Table 21: Egyptian Life Insurance Total Assets (EGP Billion), 20142019
Table 22: Egyptian Life Insurance Total Investment Income (EGP Billion), 20102014
Table 23: Egyptian Life Insurance Total Investment Income (EGP Billion), 20142019
Table 24: Egyptian Life Insurance Net Written Premium (EGP Billion), 20102014
Table 25: Egyptian Life Insurance Net Written Premium (EGP Billion), 20142019
Table 26: Egyptian Individual Life Insurance Gross Written Premium by Category (EGP Million), 20102014
Table 27: Egyptian Individual Life Insurance Gross Written Premium by Category (US$ Million), 20102014
Table 28: Egyptian Individual Life Insurance Gross Written Premium by Category (EGP Million), 20142019
Table 29: Egyptian Individual Life Insurance Gross Written Premium by Category (US$ Million), 20142019
Table 30: Egyptian Individual Life Insurance Direct Written Premium by Category (EGP Million), 20102014
Table 31: Egyptian Individual Life Insurance Direct Written Premium by Category (US$ Million), 20102014
Table 32: Egyptian Individual Life Insurance Direct Written Premium by Category (EGP Million), 20142019
Table 33: Egyptian Individual Life Insurance Direct Written Premium by Category (US$ Million), 20142019
Table 34: Egyptian Individual Whole Life Insurance Direct Written Premium (EGP Billion), 20102014
Table 35: Egyptian Individual Whole Life Insurance Direct Written Premium (EGP Billion), 20142019
Table 36: Egyptian Individual Pension Insurance Direct Written Premium (EGP Million), 20102014
Table 37: Egyptian Individual Pension Insurance Direct Written Premium (EGP Million), 20142019
Table 38: Egyptian Other Individual Life Insurance Direct Written Premium (EGP Billion), 20102014
Table 39: Egyptian Other Individual Life Insurance Direct Written Premium (EGP Billion), 20142019
Table 40: Egyptian Group Life Insurance Gross Written Premium by Category (EGP Billion), 20102014
Table 41: Egyptian Group Life Insurance Gross Written Premium by Category (US$ Million), 20102014
Table 42: Egyptian Group Life Insurance Gross Written Premium by Category (EGP Billion), 20142019
Table 43: Egyptian Group Life Insurance Gross Written Premium by Category (US$ Million), 20142019
Table 44: Egyptian Group Life Insurance Direct Written Premium by Category (EGP Billion), 20102014
Table 45: Egyptian Group Life Insurance Direct Written Premium by Category (US$ Million), 20102014
Table 46: Egyptian Group Life Insurance Direct Written Premium by Category (EGP Billion), 20142019
Table 47: Egyptian Group Life Insurance Direct Written Premium by Category (US$ Million), 20142019
Table 48: Egyptian Group Life Insurance Policies by Category (Thousand), 20102014
Table 49: Egyptian Group Life Insurance Policies by Category (Thousand), 20142019
Table 50: Egyptian Group Whole Life Insurance Number of Active Policies (Thousand), 20102014
Table 51: Egyptian Group Whole Life Insurance Number of Active Policies (Thousand), 20142019
Table 52: Egyptian Group Whole Life Insurance Direct Written Premium (EGP Billion), 20102014
Table 53: Egyptian Group Whole Life Insurance Direct Written Premium (EGP Billion), 20142019
Table 54: Egyptian Group Superannuation Insurance Number of Active Policies (Thousand), 20102014
Table 55: Egyptian Group Superannuation Insurance Number of Active Policies (Thousand), 20142019
Table 56: Egyptian Group Superannuation Insurance Direct Written Premium (EGP Billion), 20102014
Table 57: Egyptian Group Superannuation Insurance Direct Written Premium (EGP Billion), 20142019
Table 58: Egyptian Linked Insurance Business Gross Written Premium (EGP Million), 20102014
Table 59: Egyptian Linked Insurance Business Gross Written Premium (EGP Million), 20142019
Table 60: Egyptian Linked Insurance Business Direct Written Premium (EGP Million), 20102014
Table 61: Egyptian Linked Insurance Business Direct Written Premium (EGP Million), 20142019
Table 62: Egyptian Non-Linked Insurance Business Gross Written Premium (EGP Billion), 20102014
Table 63: Egyptian Non-Linked Insurance Business Gross Written Premium (EGP Billion), 20142019
Table 64: Egyptian Non-Linked Insurance Business Direct Written Premium (EGP Billion), 20102014
Table 65: Egyptian Non-Linked Insurance Business Direct Written Premium (EGP Billion), 20142019
Table 66: Shares of Key Insurers in the Life Segment (%), 2014
Table 67: Misr Life Insurance Company Key Facts
Table 68: Misr Life Insurance Company Key Financials (EGP Million)
Table 69: Allianz Egypt Insurance Company SAE Key Facts
Table 70: Allianz Egypt Insurance Company SAE Key Financials (EGP Million)
Table 71: Pharaonic American Life Insurance Company Key Facts
Table 72: Pharaonic American Life Insurance Key Financials (EGP Million)
Table 73: Commercial International Life Insurance Company Key Facts
Table 74: Commercial International Life Insurance Company Key Financials (EGP Million)
Table 75: NSGB Life Insurance Key Facts
Table 76: NSGB Life Insurance Key Financials (EGP Million)
Table 77: Egyptian Takaful Life Insurance Company Key Facts
Table 78: Egyptian Takaful Life Insurance Company Key Financials (EGP Million)
Table 79: Suez Canal Life Insurance Company Key Facts
Table 80: Suez Canal Life Insurance Company Key Financials (EGP Million)
Table 81: Delta Insurance Co. Key Facts
Table 82: Delta Insurance Co. Key Financials (EGP Million)
Table 83: ACE Life Insurance Key Facts
Table 84: ACE Life Insurance Key Financials (EGP Million)
Table 85: Mohandes Insurance Company Key Facts
Table 86: Mohandes Insurance Company Key Financials (EGP Million)
Table 87: Egypt Insurance Regulatory Framework Key Features
Table 88: Egypt Life Insurance Regulatory Framework
Table 89: Egypt Property Insurance Regulatory Framework
Table 90: Egypt Motor Insurance Regulatory Framework
Table 91: Egypt Liability Insurance Regulatory Framework
Table 92: Egypt Corporate Tax Rates for the Financial Year 2015

List of Figures


Figure 1: Egyptian Real GDP (EGP Billion), 20102019
Figure 2: Egyptian EGPUS$ Exchange Rate, 20102019
Figure 3: Egyptian Consumer Price Inflation (%), 20102019
Figure 4: Egyptian Current Account Balance as Percentage of GDP, 20102019
Figure 5: Egyptian Unemployment Rate (%), 20102019
Figure 6: Egyptian Population Age Group (Percentage of Total), 20002025
Figure 7: Egyptian Life Insurance Gross Written Premium by Category (EGP Billion), 20102019
Figure 8: Egyptian Life Insurance Gross Written Premium by Category (Percentage Share), 2014 and 2019
Figure 9: Egyptian Life Insurance Gross Written Premium Dynamics by Segment (20102019)
Figure 10: Egyptian Life Insurance Sum Assured (EGP Billion), 20102014
Figure 11: Egyptian Life Insurance Sum Assured (EGP Billion), 20142019
Figure 12: Egyptian Life Insurance Paid Claims (EGP Billion), 20102014
Figure 13: Egyptian Life Insurance Paid Claims (EGP Billion), 20142019
Figure 14: Egyptian Life Insurance Incurred Loss (EGP Billion), 20102014
Figure 15: Egyptian Life Insurance Incurred Loss (EGP Billion), 20142019
Figure 16: Egyptian Life Insurance Number of Policies per Capita, 20102014
Figure 17: Egyptian Life Insurance Number of Policies per Capita, 20142019
Figure 18: Egyptian Life Insurance Commissions and Expenses (EGP Billion), 20102014
Figure 19: Egyptian Life Insurance Commissions and Expenses (EGP Billion), 20142019
Figure 20: Egyptian Life Insurance Net Written Premium (% of GWP), 20102014
Figure 21: Egyptian Life Insurance Net Written Premium (% of GWP), 20142019
Figure 22: Egyptian Life Insurance Total Assets (EGP Billion), 20102014
Figure 23: Egyptian Life Insurance Total Assets (EGP Billion), 20142019
Figure 24: Egyptian Life Insurance Total Investment Income (EGP Billion), 20102014
Figure 25: Egyptian Life Insurance Total Investment Income (EGP Billion), 20142019
Figure 26: Egyptian Life Insurance Net Written Premium (EGP Billion), 20102014
Figure 27: Egyptian Life Insurance Net Written Premium (EGP Billion), 20142019
Figure 28: Egyptian Life Insurance Investment Portfolio (EGP Billion), 20102014
Figure 29: Egyptian Life Insurance Investment Portfolio, 2010 and 2014
Figure 30: Egyptian Life Insurance Penetration (Ratio of Direct Premium to GDP), 20102014
Figure 31: Egyptian Life Insurance Density (Direct Premium per Capita), 20102014
Figure 32: Egyptian Life Insurance Number of Active Policies (Million), 20102014
Figure 33: Egyptian Life Insurance Number of Active Policies (Million), 20142019
Figure 34: Egyptian Life Insurance Number of New Policies Sold (Thousand), 20102014
Figure 35: Egyptian Life Insurance Number of New Policies Sold (Thousand), 20142019
Figure 36: Egyptian Life Insurance Total Investments (EGP Billion), 20102014
Figure 37: Egyptian Individual Life Insurance Gross Written Premium by Category (EGP Billion), 20102019
Figure 38: Egyptian Individual Life Insurance Gross Written Premium by Category (Percentage Share), 2014 and 2019
Figure 39: Egyptian Individual Life Insurance Gross Written Premium Dynamics by Category, 20102019
Figure 40: Egyptian Individual Life Insurance Direct Written Premium by Category (EGP Billion), 20102019
Figure 41: Egyptian Individual Life Insurance Direct Written Premium by Category (Percentage Share), 2014 and 2019
Figure 42: Egyptian Individual Life Insurance Direct Written Premium Dynamics by Category, 20102019
Figure 43: Egyptian Individual Whole Life Insurance Direct Written Premium (EGP Billion), 20102014
Figure 44: Egyptian Individual Whole Life Insurance Direct Written Premium (EGP Billion), 20142019
Figure 45: Egyptian Individual Pension Insurance Direct Written Premium (EGP Million), 20102014
Figure 46: Egyptian Individual Pension Insurance Direct Written Premium (EGP Million), 20142019
Figure 47: Egyptian Other Individual Life Insurance Direct Written Premium (EGP Billion), 20102014
Figure 48: Egyptian Other Individual Life Insurance Direct Written Premium (EGP Billion), 20142019
Figure 49: Egyptian Group Life Insurance Gross Written Premium by Category (EGP Billion), 20102019
Figure 50: Egyptian Group Life Insurance Gross Written Premium by Category (Percentage Share), 2014 and 2019
Figure 51: Egyptian Group Life Insurance Gross Written Premium Dynamics by Category, 20102019
Figure 52: Egyptian Group Life Insurance Direct Written Premium by Category (EGP Billion), 20102019
Figure 53: Egyptian Group Life Insurance Direct Written Premium by Category (Percentage Share), 2014 and 2019
Figure 54: Egyptian Group Life Insurance Direct Written Premium Dynamics by Category, 20102019
Figure 55: Egyptian Group Life Insurance Policies by Category (Thousand), 20102019
Figure 56: Egyptian Group Life Insurance Policies by Category (Percentage Share), 2014 and 2019
Figure 57: Egyptian Group Life Insurance Policies Dynamics by Category, 20102019
Figure 58: Egyptian Group Whole Life Insurance Number of Active Policies (Thousand), 20102014
Figure 59: Egyptian Group Whole Life Insurance Number of Active Policies (Thousand), 20142019
Figure 60: Egyptian Group Whole Life Insurance Direct Written Premium (EGP Billion), 20102014
Figure 61: Egyptian Group Whole Life Insurance Direct Written Premium (EGP Billion), 20142019
Figure 62: Egyptian Group Superannuation Insurance Number of Active Policies (Thousand), 20102014
Figure 63: Egyptian Group Superannuation Insurance Number of Active Policies (Thousand), 20142019
Figure 64: Egyptian Group Superannuation Insurance Direct Written Premium (EGP Billion), 20102014
Figure 65: Egyptian Group Superannuation Insurance Direct Written Premium (EGP Billion), 20142019
Figure 66: Egyptian Linked Insurance Business Gross Written Premium (EGP Million), 20102014
Figure 67: Egyptian Linked Insurance Business Gross Written Premium (EGP Million), 20142019
Figure 68: Egyptian Linked Insurance Business Direct Written Premium (EGP Million), 20102014
Figure 69: Egyptian Linked Insurance Business Direct Written Premium (EGP Million), 20142019
Figure 70: Egyptian Non-Linked Insurance Business Gross Written Premium (EGP Billion), 20102014
Figure 71: Egyptian Non-Linked Insurance Business Gross Written Premium (EGP Billion), 20142019
Figure 72: Egyptian Non-Linked Insurance Business Direct Written Premium (EGP Billion), 20102014
Figure 73: Egyptian Non-Linked Insurance Business Direct Written Premium (EGP Billion), 20142019
Figure 74: Shares of Key Insurers in the Life Segment (%), 2014
Figure 75: Egypt Insurance Supervision and Control at Various Levels
Figure 76: Egypt Insurance Regulatory Frameworks for Company Registration and Operation

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Reports Details

Published Date : Dec 2015
No. of Pages :133
Country :Egypt
Category :Finance and Banking
Publisher :Timetric
Report Delivery By :Email
Report Delivery Time :12 to 24 hours after placing the order.

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