Egypt Insurance Market Intelligence - Market Research Reports On Aarkstore Enterprise
Egypt Insurance Market Intelligence "Egypt is one of the few countries globally which have the lowest per capita expenditure on insurance
. However, its insurance market has witnessed growth in premiums, mainly on account of improved productivity of the sector as well as strong economic growth and the initiation of several major infrastructure projects. Along with the above factors, the government reforms and legislations have also supported the insurance sector and made it lucrative for both domestic and foreign private players, resulting in expansion of customer base (increasing premium and investment). Expanding national economy, growing demand for automobiles, new employment opportunities and increased household consumption and investment, have also boosted the growth of the industry. Despite huge opportunities, Egypts insurance market remains under-developed, because of low awareness, particularly among the poor and middle-class population of the country.The non-life insurance segment of the market holds a stronger position as compared to the life segment, on account of an increase in demand for motor, accident, and health products. Nevertheless, in the last two years, the life insurance premiums have recorded a double-digit growth over the non-life segment. This segment, along with government tax incentives and stimulus measures, is expected to record growth, as these products are generally similar to bank savings product. However, the coming years appear promising for the non-life segment, particularly the motor, accident and health insurance segments.
The present report gives an overview of the Egyptian insurance market along with an analysis of Egypts political structure and the economic growth. The report provides an insight into the market size and growth in insurance premiums as well as life and non-life premiums. Insurance premiums are discussed in terms of life and non-life segments and the density and penetration levels. The various developments and drivers are also discussed and finally the projections regarding premium growth are given.
By combining SPSS Inc.s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the Egyptian insurance industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry and its sub-segments life and non-life insurance. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests
Table of Contents :
1. Industry Snapshot
1.1 Industry Structure
1.1.1 Opening Up to Foreign Players
1.1.2 Highly Under-Developed Market
1.2 Market Overview
1.2.1 Market Size & Growth
1.2.1.1 Growth on Account of the Government Reforms and Legislations
1.2.1.2 Opening Up of Insurance Sector Expanded Customer Base
1.2.2 Market Segments
1.2.2.1 Non-Life Dominating, Accident Accounting for Largest within Non-Life
1.2.2.2 Life Having Better Growth than Non-Life Recently
1.2.2.3 Non-Life Dominance Due to Growth in Accident, Motor, Health
1.2.2.4 Reduced Pace of Non-Life Segment Growth, Increased Competition, Increasing Claims
1.2.2.5 Larger Share of Private Insurance Companies in Life Insurance
1.2.2.6 Larger Share of State-Owned Companies Insurance Companies in Property Insurance
1.2.3 Market Density & Penetration
1.2.3.1 One of the Lowest Per Capita Expenditure on Insurance, Low Awareness
1.2.3.2 Larger Demand for Non-Life Business
1.2.3.3 Very Low but Increasing Penetration Rate
1.2.3.4 Low Sector Contribution to the GDP, High Cost of Premium Taxes and Stamp Duties
2. Industry Analysis
2.1 Industry Developments
New Regulations
Launch of a New Takaful Insurance Company
Arab Misr Insurance Group to Offer Micro Insurance Products
State-Owned Misr Insurance to Launch IPO
2.2 Market Drivers
Strong Economic Growth
Increasing Average Income Per Capita
Increasing Demand for Automobiles
Growth Potential in Health Insurance
3. Country Analysis: Risk Assessment
3.1 Political Environment
3.2 Macro-Economic Indicators: Current and Projections
4. Industry Outlook: Forecast and Projections
4.1 Government Stimulus, Employment Opportunities, Health Products Demand to Drive Insurance Demand
4.2 Increase in Aging Population to Boost Demand for Pension Products
4.3 Rebound in Auto Sales, Government Infrastructure Projects Driving Growth of Non-Life Segment
List of Tables
Private Consumption Expenditure (2001 2008)
Egypt Motor Insurance Net Premium (2001 2007)
Egypt: Health Expenditure/ GDP & Health Insurance Premium (2001 2007)
Key Macroeconomic Indicators: (2008 2013F)
List of Charts
Annual Premium Egypt Insurance Industry: (2001-2008)
Insurance Premium Share (%) By Segment (2008)
Insurance Premium by Segment (2001-2008)
Life Insurance Premium Share (%) by Segment (2008)
Non-Life Insurance Premium Share (%) by Segment (2008)
Egypt Insurance Density (US$): (2001 2008)
Egypt Insurance Penetration: (2001 2008)
GDP Growth of Egypt: (2001 2008)
Egypt: Gross Domestic Savings (2001 2008)
Egypt: Average Income Per Capita (2002 - 2008)
Egypt Passenger Car Sales ('000 Units): (2002 2008)
Forecast: Egypt Insurance Industry: (2008A 2012F)
Forecast: Egypt Life & Non-Life Insurance Industry: (2008A 2012F)
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