2012-09-18 04:32:15 - New Financial Services market report from Timetric: "Life Insurance in Egypt, Key Trends and Opportunities to 2016"

The Egyptian life insurance segment accounted for the second-largest share of the total written premium value of the country's insurance industry during the review period. The segment attained this status after recording robust growth during the review period due to high consumer awareness of the importance of savings products to supplement retirement income, and the low penetration of the segment. Furthermore, Egypt's continued economic recovery is expected to result in an increase in national PCADI over the forecast period, which is, in turn, expected to increase life insurance sales.

Key Highlights

* In an effort to attract foreign insurers into the country, Egypt has privatized its insurance industry and implemented financial liberalization policies. Both measures are expected to encourage new market

entries over the forecast period and increase the levels of competition in the Egyptian life insurance segment.
* The Egyptian population has traditionally placed an emphasis on saving for education, marriage and retirement, and is therefore motivated to invest in life insurance products that address these needs.
* Currently, public pensions in Egypt are provided through three social insurance schemes, Government Employees Pension Fund, Pension Fund for Military Personnel, and Public and Private Enterprises Employees Pension Fund, with these schemes collectively covering over 80% of the country's employed population.
* The brokers channel was the second-largest distribution channel for Egyptian life insurance policies during the review period, a position that the channel is expected to retain over the forecast period.
* Initiatives from both domestic and foreign insurers are expected to encourage Egypt's leading banks to expand their nationwide branch networks over the forecast period, a move which is projected to increase the potential customer base of the bancassurance channel.
* As of 2010, the Egyptian life insurance segment comprised 14 companies, of which 10 were domestic insurance companies and four were the branch offices of foreign insurance companies.


Full Report Details at
- www.fastmr.com/prod/462048_life_insurance_in_egypt_key_trends_an ..


Scope

This report provides a comprehensive analysis of the life insurance market in Egypt:

* It provides historical values for the Egyptian life insurance market for the report's 2007-2011 review period and forecast figures for the 2012-2016 forecast period
* It offers a detailed analysis of the key sub-segments in the Egyptian life insurance market, along with market forecasts until 2016
* 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 insurance products in Egypt
* Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Egypt for the life insurance business
* It provides a detailed analysis of the reinsurance market in Egypt and its growth prospects
* It profiles the top life insurance companies in Egypt and outlines the key regulations affecting them

Reasons to Purchase

* Make strategic business decisions using in depth historic and forecast market data related to the Egyptian life insurance market and each sector within it
* Understand the demand-side dynamics, key market trends and growth opportunities within the Egyptian life insurance market
* Assess the competitive dynamics in the life insurance market, 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 market and its impact on companies and the market's future

Companies Mentioned in this Report: Misr Life Insurance, Allianz Egypt, Pharaonic American Life Insurance Company, Commercial International Life Insurance Co, National Insurance Co. of Egypt, Delta Insurance Co., NSGB Life Insurance

About Timetric

Timetric is an independent economic and business research firm providing critical intelligence on emerging economies and key global industries. They provide detailed economic and sector intelligence, business insights and authoritative, independent commentary. View more research from Timetric at www.fastmr.com/catalog/publishers.aspx?pubid=1037

About Fast Market Research

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