发布时间：2008

摘要

This report differs from its predecessors in that it includes BMI's Insurance Business Environment Rating (IBER). The rating brings together a number of pieces of relevant quantitative data, together with BMI's Country Risk Rating (CRR). It is now much easier to consider the business environment for the insurance sector in any one country relative to the business environment for other industries in that country that are surveyed by BMI, and the business environment for the insurance sector in other countries.

Egypt's IBER is 42.2. Relative to other countries in the Middle East and Africa, it is a moderately attractive insurance market for foreign insurers. Within the region, Egypt is notable for the small size of the non-life segment and the small likely absolute growth in non-life premiums. The economic outlook is good. Government policies are likely to remain constant over the long-term. However, the IBER is held back by the underdevelopment of the non-life and life segment and the financial infrastructure. It is also held back by the legal framework and bureaucracy in Egypt.

Over the forecast period, we anticipate that non-life premiums will grow by 28% annually in local currency terms and by 32% in US$ terms. Life premiums are expected to increase by 14% annually in local currency terms and by 17% in US$ terms. The key drivers of growth in the non-life segment in 2007-2012 are the anticipated rise in nominal GDP from around US$92bn to US$201bn and an expected increase in non-life penetration from 0.22% of GDP to 0.65%. The key driver of growth in the life segment is the envisaged rise in life density from a miniscule US$4 per capita in 2007 to US$10 per capita in 2012. Egypt's total population is increasing.

The competitive landscape, in both the non-life and the life segment, is roughly comparable. Both segments are open to participation by foreign groups, although foreigners are slightly more important in the non-life than in the life segment. With only four cross border firms in the non-life segment and three in the life segment, the implication is that the insurance climate in Egypt presents some challenges to foreign entrants.

By far the most important non-life insurance line in Egypt is motor insurance, which comprises nearly half the market. Accident and health insurance represents a quarter of the market, and the remainder of the market is comprised of property and fire, personal liability and other lines of insurance. The main weakness of Egypt's insurance sector is that participation by the populace is extremely low, as indicated by the very low figures for non-life and life penetration. The key factor holding back participation is the extremely low GDP per capita figure.

目录及图表

Chapter 1 - The Sector At A Glance

Table: Egypt Insurance Sector Overview (Amounts In Millions Of Currency Specified)

Key Features Of This Report & Likely Future Changes

Chapter 2 - Latest News

Recent Developments

Chapter 3 - Evolution Since The Mid-1990s

Table: Evolution of the Egyptian Insurance Sector (In Millions of Currency Specified)

Evolution

Chapter 4 - Projections And Forecasts

Table: BMI Projections For The Egyptian Insurance Sector (In Millions Of Currency Specified)

Projections And Drivers Of Growth

Chapter 5 - Macroeconomic Outlook

Table: Egypt Economic Indicators

Chapter 6 - Country Update

Political Risk Improving Links With China

Economic Risk Price Pressures Increasing

Business Environment Room For Improvement

Chapter 7 - Analysis Of Competitive Conditions

Country Overview Egypt Non-Life Segment

Table: Middle East And Africa Non-Life Segment Rankings of Markets

Table: Middle East And Africa Presence Of Cross-Border Insurers Non-Life Segment

Table: Middle East And Africa Selected Local Non-Life Insurers

Table: Middle East And Africa Life Segment Rankings Of Markets

Table: Middle East And Africa Presence Of Cross-Border Insurers Life Segment

Table: Middle East And Africa Selected Local Life Insurers

Chapter 8 - Regional Context

Table: Middle East And Africa: Regional Context 2004 Premiums

Table: Middle East And Africa Regional Context Total Premiums 2004

Chapter 9 - Methodology And Objectives

Introduction

Background

Forecasts

Chapter 10 - Appendix

Table: Latest Estimates / Actual Figures For 2005

Table: Latest Estimates For 2010

Table: Latest Estimates For 2005-2010 (Growth In US Dollar Terms)