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Non-Life Insurance in Egypt, Key Trends and Opportunities

The non-life segment accounted for 47.7% of the industry’s total gross written premium in 2013. The non-life segment led the industry’s overall growth, supported by high demand for property and casualty products during the political violence. Motor insurance accounted for 37.6% of the Egyptian non-life insurance written premium in 2013, followed by property insurance with 33.0%. Get details at here: http://www.reportscue.com/nonlife-insurance-in-egypt-key-trends-and-opportunities-to-2018-market

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Non-Life Insurance in Egypt, Key Trends and Opportunities

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  1. Main Title Market Research Report Non-Life Insurance in Egypt, Key Trends and Opportunities to 2018 ©reportscue

  2. Synopsis: The report provides in-depth market analysis, information and insights into the Egyptian non-life insurance segment, including:• The Egyptian non-life insurance segment’s growth prospects by non-life insurance category • Key trends and drivers for the non-life insurance segment • The various distribution channels in the Egyptian non-life insurance segment  • The detailed competitive landscape in the non-life insurance segment in Egypt • Detailed regulatory policies of the Egyptian insurance industry • Analysis of various consumer segments in Egyptian non-life insurance • Key developments in the Egyptian non-life insurance segment • New products launched by Egyptian non-life insurers

  3. Report Overview: Amid the political turbulence and unceasing violent protests, Egypt’s economic growth has suffered a telling blow, with GDP growth declining from 5.1% in 2010 to 2.1% in 2013. The insurance industry remained largely unscathed, however, registering a compound annual growth rate (CAGR) of 11.8% during the review period (2009–2013). The non-life segment accounted for 47.7% of the industry’s total gross written premium in 2013. The non-life segment led the industry’s overall growth, supported by high demand for property and casualty products during the political violence. Motor insurance accounted for 37.6% of the Egyptian non-life insurance written premium in 2013, followed by property insurance with 33.0%. The Egyptian non-life insurance segment is highly concentrated.

  4. Scope : This report provides a comprehensive analysis of the non-life insurance segment in Egypt:• It provides historical values for Egypt’s non-life insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period. • It offers a detailed analysis of the key categories in Egypt’s non-life insurance segment, along with market forecasts until 2018. • 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 Egypt. • It profiles the top non-life insurance companies in Egypt and outlines the key regulations affecting them.

  5. Key Highlights :• The non-life segment accounted for 47.7% of the Egyptian insurance industry’s total gross written premium in 2013.  • In 2013, the CBE removed the ban on bancassurance, which should benefit non-life insurance business. • The motor insurance category claimed the largest proportion of the Egyptian non-life insurance segment in 2013. • The country’s low penetration rate of just 0.32% presents numerous avenues of growth – not only to existing insurers, but also encouraging other multinationals to enter the segment.  • With the approval of the EFSA, an increasing number of insurers are launching, or planning to launch, professionally managed mutual funds. • The Egyptian insurance industry suffers from a lack of skilled manpower, and products are not fairly priced, due to the country’s lack of actuarial scientists. Consequently, companies engage in price competition rather than product differentiation and innovation. 

  6. Table of Contents: 1 Key Facts and Events 2 Executive Summary 3 Introduction 4  Egypt Insurance Industry Attractiveness 5 Non-Life Insurance Outlook 6 Analysis by Distribution Channel 7 Governance, Risk and Compliance 8 Competitive Landscape and Strategic Insights 9 Appendix – 1 10 Appendix – 2

  7. Reason To Buy :• 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 in the Egyptian non-life insurance segment. • Assess the competitive dynamics in the non-life insurance segment. • Identify the 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 industry's future. • Evaluate competitive risk and success factors To Get Details: http://www.reportscue.com/nonlife-insurance-in-egypt-key-trends-and-opportunities-to-2018-market

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