Recently published research from Business Monitor International, "Egypt Insurance Report Q2 2014", is now available at Fast Market Research
Boston, MA -- (SBWIRE) -- 05/26/2014 -- As of early 2014, political developments continue to dominate the newsflow from Egypt. If past experience is any guide, they will have little impact on an insurance sector that could reasonably be described as being resilient - but far from dynamic. Stability, at a low level, has been the key feature of nonlife penetration for years. Life density has continued to rise over the last two years - in spite of the Arab Spring - but also remains at levels that are miniscule by most standards. The government-directed reform and restructuring of state-owned giant Misr Insurance Holdings and, indeed, the entire sector, has delivered some benefits. However, the limitations of, and challenges facing, that company continue to constrain the development of insurance in Egypt.
BMI's new insurance report format provides forecasts of the life and non-life markets, including gross and net premiums, reinsurance premiums and assets. Moreover, it provides forecasts for key growth drivers such as vehicle fleet size, demographic factors and private health expenditure. The report also contains a comprehensive breakdown of the non-life insurance market, providing forecasts for motor and transport insurance, property, personal accident, health, general liability and credit insurance. Finally, the new report offers a detailed breakdown of the life and non-life competitive landscapes, covering the top companies present in each segment by premiums and market share.
View Full Report Details and Table of Contents
Thanks, in part, to the political unrest that has swept Egypt more or less continuously since early 2011, the insurance sector has moved from an era of growth to one of stagnation. Prior to late 2010, the outlook had looked promising. Life density was growing quite steadily. The substantial private insurance funds, which provide basic protection-type products - had underpinned the growth of the sector in years where demand for more sophisticated products had consolidated. Although non-life penetration had been contracting, the overall growth of the economy meant that non-life premiums rose steadily in absolute terms. By combining three state-owned insurance companies and one state-owned reinsurer under the aegis of Misr Insurance Holding Company, the government could reasonably hope to achieve meaningful synergy benefits for one of the Middle East's largest composite insurance groups. As is not the case in most other countries in the region, there were no restrictions on foreign participation in the industry. Nor was the non-life segment characterised by cut-throat competition which had crimped profitability for most players.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Financial Services research reports at Fast Market Research
You may also be interested in these related reports:
- China Insurance Report Q2 2014
- India Insurance Report Q2 2014
- Taiwan Insurance Report Q2 2014
- Saudi Arabia Insurance Report Q2 2014
- United States Insurance Report Q2 2014
- Iran Insurance Report Q2 2014
- Singapore Insurance Report Q2 2014
- Brazil Insurance Report Q3 2014
- Kuwait Insurance Report Q2 2014
- New Zealand Insurance Report Q2 2014