Personal Accident and Health Insurance in Egypt, Key Trends and Opportunities to 2018


#232942

188pages

Timetric

$ 1950

In Stock

Synopsis

The report provides in-depth market analysis, information and insights into the Egyptian personal accident and health insurance segment, including:

  • The Egyptian personal accident and health insurance segment’s growth prospects by insurance category
  • Key trends and drivers for the personal accident and health insurance segment
  • The various distribution channels in the Egyptian personal accident and health insurance segment
  • The detailed competitive landscape in the personal accident and health insurance segment in Egypt
  • Detailed regulatory policies of the Egyptian insurance industry
  • Analysis of various consumer segments in Egyptian personal accident and health insurance
  • Key developments in the Egyptian personal accident and health insurance segment
  • New products launched by Egyptian personal accident and health insurers

Executive summary

With a penetration of 0.07% in 2013, personal accident and health insurance in Egypt is still in its infancy. Low public healthcare spending has led to a fragmented healthcare system, with essential drugs becoming more costly and increasingly scarce. However, rising public concerns over escalating healthcare costs, the strain on public finances due to political uncertainty, and the growing population drove the growth of personal accident and health insurance during the review period (2009–2013). In terms of gross written premium, the segment accounted for 10.9% of the total Egyptian insurance industry in 2013. Health insurance accounted for the segment’s largest share of 55.3%, followed by the personal accident insurance with 43.8% of the overall personal accident and health insurance in 2013.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Egypt:

  • It provides historical values for the Egyptian personal accident and health 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 the Egyptian personal accident and health 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 personal accident and health insurance products in Egypt.
  • It profiles the top personal accident and health insurance companies in Egypt and outlines the key regulations affecting them.

Reasons to buy

  • Make strategic business decisions using in-depth historic and forecast market data related to Egyptian personal accident and health insurance segment and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Egyptian personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health 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.

Key highlights

  • Health insurance in Egypt comprises both public and private options. Services offered by private insurers are complementary, and the government is the main contributor to healthcare services.
  • Egypt’s personal accident and health insurance penetration rate was 0.07% in 2013
  • Health insurance accounted for the largest share of 55.3%, followed by the personal accident insurance with 43.8% of the overall personal accident and health insurance segment in Egypt in 2013.
  • The increased healthcare budget by the government will improve the awareness and spur the demand for health insurance.
  • The rising population will spur demand for health insurance, while increasing life expectancy and rising healthcare costs will fuel demand for personal accident and health products.