Egypt Life Insurance: Key Trends and Opportunities to 2029

Executive Summary

Economy Overview

Regulatory and Compliance

Key Market Trends

Trends and KPIs

Line of Business

Competitive Landscape

Deals and Jobs

Reinsurance

Appendix

Table 1: Egyptian Life Insurance – Key Facts, 2016

Table 2: Egyptian Life Insurance – Segment Shares of the Top Insurers, 2016

Table 3: Egyptian Government Credit Ratings

Table 4: Egyptian Life Insurance – Gross Written Premium (EGP Billion and US$ Million), 2012–2016

Table 5: Egyptian Life Insurance – Penetration (%), 2012–2016

Table 6: Egyptian Life Insurance – Gross Written Premium (EGP Billion and US$ Million), 2016–2021

Table 7: Egyptian Life Insurance – Penetration (%), 2016–2021

Table 8: Egyptian Life Insurance – New Business Direct Written Premium (EGP Billion and US$ Million), 2012–2016

Table 9: Egyptian Life Insurance – New Business Direct Written Premium (EGP Billion and US$ Million), 2016–2021

Table 10: Egyptian Life Insurance – Premium per Capita (EGP and US$), 2012–2016

Table 11: Egyptian Life Insurance – Premium per Capita (EGP and US$), 2016–2021

Table 12: Egyptian Life Insurance – Number of Active Policies (Million), 2012–2016

Table 13: Egyptian Life Insurance – Number of Active Policies (Million), 2016–2021

Table 14: Egyptian Life Insurance – Paid Claims (EGP Billion and US$ Million), 2012–2016

Table 15: Egyptian Life Insurance – Paid Claims (EGP Billion and US$ Million), 2016–2021

Table 16: Egyptian Life Insurance – Sum Assured (EGP Billion and US$ Billion), 2012–2016

Table 17: Egyptian Life Insurance – Sum Assured (EGP Billion and US$ Billion), 2016–2021

Table 18: Egyptian Life Insurance – Total Assets (EGP Billion and US$ Billion), 2012–2016

Table 19: Egyptian Life Insurance – Total Assets (EGP Billion and US$ Billion), 2016–2021

Table 20: Egyptian Life Insurance – Total Investment Income (EGP Billion and US$ Million), 2012–2016

Table 21: Egyptian Life Insurance – Total Investment Income (EGP Billion and US$ Million), 2016–2021

Table 22: Egyptian Life Insurance – Investment Portfolio (EGP Billion), 2012–2016

Table 23: Egyptian Life Insurance – Investment Portfolio (EGP Billion), 2016–2021

Table 24: Egyptian Life Insurance – Direct Written Premium by Sub-Segment (EGP Billion),2012–2016

Table 25: Egyptian Life Insurance – Direct Written Premium by Sub-Segment (EGP Billion), 2016–2021

Table 26: Egyptian Individual Life Insurance – Direct Written Premium by Category (EGP Billion), 2012–2016

Table 27: Egyptian Individual Life Insurance – Direct Written Premium by Category (EGP Billion), 2016–2021

Table 28: Egyptian Group Life Insurance – Direct Written Premium by Category (EGP Billion), 2012–2016

Table 29: Egyptian Group Life Insurance – Direct Written Premium by Category (EGP Billion), 2016–2021

Table 30: Egyptian Group Life Insurance – Number of Active Policies by Category (Thousand), 2012–2016

Table 31: Egyptian Group Life Insurance – Number of Active Policies by Category (Thousand), 2016–2021

Table 32: Egyptian Life Insurance – Segment Shares of the Leading Insurers (%), 2016

Table 33: Misr Life Insurance Company – Key Facts

Table 34: Misr Life Insurance Company – Key Financials (EGP Million), 2012–2016

Table 35: Allianz Life Assurance Company – Key Facts

Table 36: MetLife Egypt Insurance Company – Key Facts

Table 37: MetLife Egypt Insurance Company – Key Financials (EGP Million), 2012–2016

Table 38: Commercial International Life Insurance Company – Key Facts

Table 39: Suez Canal Life Insurance Company – Key Facts

Table 40: Egypt – Insurance Regulatory Framework Key Features

Table 41: Egypt – Life Insurance Regulatory Framework

Table 42: Egypt – Property Insurance Regulatory Framework

Table 43: Egypt – Motor Insurance Regulatory Framework

Table 44: Egypt – Liability Insurance Regulatory Framework

Table 45: Egypt – Corporate Tax Rates for the Financial Year 2017

Table 46: Egyptian Life Insurance – Policies and Premium, 2012–2016

Table 47: Egyptian Life Insurance – Policies and Premium, 2016–2021

Table 48: Egyptian Life Insurance – Claims and Expenses, 2012–2016

Table 49: Egyptian Life Insurance – Claims and Expenses, 2016–2021

Table 50: Egyptian Life Insurance – Assets and Investments, 2012–2016

Table 51: Egyptian Life Insurance – Assets and Investments, 2016–2021

Table 52: Egyptian Life Insurance – Individual Life Insurance, 2012–2016

Table 53: Egyptian Life Insurance – Individual Life Insurance, 2016–2021

Table 54: Egyptian Life Insurance – Individual Life Insurance by Product, 2012–2016

Table 55: Egyptian Life Insurance – Individual Life Insurance by Product, 2016–2021

Table 56: Egyptian Life Insurance – Group Life Insurance, 2012–2016

Table 57: Egyptian Life Insurance – Group Life Insurance, 2016–2021

Table 58: Egyptian Life Insurance – Group Life Insurance by Product, 2012–2016

Table 59: Egyptian Life Insurance – Group Life Insurance by Product, 2016–2021

Table 60: Egyptian Life Insurance – Linked vs Non-Linked Policies, 2012–2016

Table 61: Egyptian Life Insurance – Linked vs Non-Linked Policies, 2016–2021

Table 62: Insurance Industry Definitions

Figure 1: Egyptian Real GDP (EGP Trillion), 2012–2021 12

Figure 2: Egyptian Inflation Rate, 2012–2021 14

Figure 3: Egyptian EGP–US$ Exchange Rate, 2012–2016 15

Figure 4: Egyptian Current Account Balance (% of GDP), 2012–2016 16

Figure 5: Egyptian Unemployment Rate, 2012–2021 17

Figure 6: Egyptian Population by Age Group, 1996–2025 18

Figure 7: Egyptian Life Insurance Penetration – Regional Comparison (%), 2016 22

Figure 8: Egyptian Insurance Segment Direct Written Premium Shares – Regional Comparison (%), 2016 23

Figure 9: Egyptian Life Insurance – Gross Written Premium (EGP Billion), 2012–2021 25

Figure 10: Egyptian Life Insurance – Penetration (%), 2012–2021 25

Figure 11: Egyptian Life Insurance – New Business Direct Written Premium (EGP Billion), 2012–2021 26

Figure 12: Egyptian Life Insurance – Premium per Capita (EGP), 2012–2021 27

Figure 13: Egyptian Life Insurance – Number of Active Policies (Million), 2012–2021 28

Figure 14: Egyptian Life Insurance – Paid Claims (EGP Billion), 2012–2021 29

Figure 15: Egyptian Life Insurance – Sum Assured (EGP Million), 2012–2021 30

Figure 16: Egyptian Life Insurance – Total Assets (EGP Billion), 2012–2021 31

Figure 17: Egyptian Life Insurance – Total Investment Income (EGP Billion), 2012–2021 32

Figure 18: Egyptian Life Insurance – Investment Portfolio (EGP Billion), 2012–2021 34

Figure 19: Egyptian Life Insurance – Investment Portfolio Dynamics by Category, 2012–2021 34

Figure 20: Egyptian Life Insurance – Direct Written Premium by Sub-Segment (EGP Billion), 2012–2021 36

Figure 21: Egyptian Life Insurance – Direct Written Premium Share by Sub-Segment, 2012–2021 36

Figure 22: Egyptian Life Insurance – Direct Written Premium Dynamics by Sub-Segment, 2012–2021 37

Figure 23: Egyptian Individual Life Insurance – Direct Written Premium by Category (EGP Billion), 2012–2021 39

Figure 24: Egyptian Individual Life Insurance – Direct Written Premium Share by Category, 2012–2021 39

Figure 25: Egyptian Individual Life Insurance – Direct Written Premium Dynamics by Category, 2012–2021 40

Figure 26: Egyptian Individual Life Insurance – Penetration (%), 2012–2016 41

Figure 27: Egyptian Individual Life Insurance – Penetration (%), 2016–2021 41

Figure 28: Egyptian Group Life Insurance – Direct Written Premium by Category (EGP Billion), 2012–2021 43

Figure 29: Egyptian Group Life Insurance – Direct Written Premium Share by Category (EGP Billion), 2012–2021 43

Figure 30: Egyptian Group Life Insurance – Direct Written Premium Dynamics by Category (EGP Billion), 2012–2021 44

Figure 31: Egyptian Group Life Insurance – Number of Active Policies by Category (Thousand), 2012–2021 45

Figure 32: Egyptian Group Life Insurance – Penetration (%), 2012–2016 46

Figure 33: Egyptian Group Life Insurance – Penetration (%), 2016–2021 46

Figure 34: Egyptian Life Insurance – Segment Shares of the Leading Insurers (%), 2016 51

Figure 35: Egypt– Insurance Supervision and Control at Various Levels 70

Figure 36: Egypt – Insurance Regulatory Frameworks for Company Registration and Operation 74