Research and Markets: Life Insurance in Egypt, Key Trends and Opportunities to 2018

Research and Markets (http://www.researchandmarkets.com/research/3hs4rt/life_insurance_in) has announced the addition of the "Life Insurance in Egypt, Key Trends and Opportunities to 2018" report to their offering.

The political upheaval of 2011 is still affecting Egypt, and the country is moving through a transitional phase with low level of foreign direct investment (FDI), a high budget deficit, rising poverty rates and high unemployment. The difficult political situation had a negative effect on Egyptian life insurers in 2013. The Egyptian life insurance segment accounted for 41.2% of the industry's gross written premium in 2013. The segment grew at a review-period CAGR of 14.4% in 2013. Individual life accounted for the highest share among all categories in the segment with 32.4% in 2013, followed by group whole life with 19.5%. The extraordinarily low life insurance penetration of 0.30% not only presents numerous growth opportunities for existing insurers, but also encourages other multinationals to enter the segment. The government is creating a favorable environment for the industry, and the reintroduction of bancassurance and allowance of professionally managed mutual funds should benefit the segment.

Key Highlights

• The Egyptian life insurance segment is concentrated, with the five leading companies accounting for 89.3% of the segment's gross written premium in 2013.
• The life segment accounted for 41.2% of the overall insurance industry's gross written premium in 2013.
• In 2013, the CBE removed the ban on bancassurance, which should benefit life insurance business.
• The life segment in Egypt is still in its infancy, with products largely standardized, although insurers are developing and upgrading products to meet changing consumer needs due to the country's volatile political and economic condition. The extraordinarily low life insurance penetration of 0.30% in 2013 not only presents numerous growth opportunities to existing insurers, but also encourages other multinationals to enter the segment.

Key Topics Covered:

1 Key Facts and Events

2 Executive Summary

3 Introduction

4 Egyptian Insurance Industry Attractiveness

5 Life Insurance Outlook

6 Analysis by Distribution Channel

7 Governance, Risk and Compliance

8 Competitive Landscape and Strategic Insights

9 Appendix

Companies Mentioned

• Misr Life Insurance
• Allianz Egypt Life Insurance
• Pharaonic American (Alico)
• Commercial International Life Insurance
• NSGB Life Insurance
• Suez Canal Life Insurance
• Delta Insurance
• Egyptian Takaful Life Insurance
• ACE Life Insurance
• Mohandes Insurance

For more information visit http://www.researchandmarkets.com/research/3hs4rt/life_insurance_in