Egypt Insurance Market 2016

Egypt Insurance Market (Size, Trends)

In 2016 Egypt ranked 65 in the world, between Bulgaria and Uruguay, in non-life insurance; in the MENAregion Egypt ranked 7th after  Iran, UAE, Saudi Arabia, Qatar, Morocco and Algeria, A breakdown of the total market size for the financial year ending at 2016 is shown below.
GWP in Million 2011 2012 2013 2014 2015 2016
Life insurance  3,999 4,483 5,367 6,154 7,339 8,324
% of Increase   12.10% 19.7% 14.7% 19.3% 13.4%
Non-life insurance  5,655 6,089 6,953 7,546 8,118 9,009
% of Increase   7.67% 14.19% 8.53% 7.58% 10.98%
Total  9,654 10,572 12,320 13,700 15,457 17,333
% of Increase   9.51% 16.53% 11.20% 12.82% 12.14%

Market Premium (Life & Non Life)


Breakdown of Non life by Line of Business



Development of written premium of non life from 2011 till 2016
  2011 2012 2013 2014 2015 2016 % of total
Property 764,838 890,076 1,047,589 1,215,697 1,353,526 1,447,700 16.07%
Cargo 269,380 286,315 306,080 334,072 320,825 322,942 3.58%
Inalnd 61,335 86,350 103,696 124,146 121,860 122,961 1.36%
Hull 158,312 152,663 171,081 182,346 186,174 191,954 2.13%
Aviation 199,778 199,713 193,775 146,373 153,470 164,091 1.82%
Motor OD 479,451 529,557 573,305 727,230 745,021 2,042,298 22.67%
Motor TPL 546,486 626,540 815,928 735,889 774,695 912,325 10.13%
Engineering 608,691 640,544 697,023 783,305 820,650 870,728 9.66%
Energy 1,442,394 1,362,845 1,425,157 1,571,976 1,796,167 655,511 7.28%
Accident 618,410 729,542 884,444 791,488 663,875 890,430 9.88%
Medical 506,349 584,753 735,446 934,098 1,181,715 1,388,453 15.41%
  5,655,424 6,088,898 6,953,524 7,546,620 8,117,978 9,009,393 100.00%

Key figures of life business in 2016
  GWP Acquisition Management Investement 
  2015 2016 Costs % Expenses % Ratio
Misr Life 2,601 2,804 57.50% 13.23% 35.7%
Suez Canal 278 432 423.00% 5.75% 16.3%
Mohandes 48 74 75.90% 21.26% 29.5%
Delta 157 170 61.60% 9.50% 19.2%
Metlife 1,188 1,404 171.80% 7.14% 17.0%
CIL 915 1,095 38.50% 5.08% 19.1%
Allianz Life  1,295 1,362 57.99% 6.51% 18.9%
QNB Ahli 277 318 33.06% 6.38% 15.2%
Chubb Life 111 139 33.06% 24.78% 58.6%
Egyptian Takaful 342 391 76.41% 7.07% 30.9%
Tokyo Marine 57 42 89.11% 1.48% 1.5%
Arobe 20 30 50.43% 31.00% 61.2%
Swiss Lebano 28 54 1.73% 1.17% 1.2%
Misr Emirates Takaful 0 8 0.00% 0.00% 0.0%
           
Total 7,317 8,323 82.91% 10.03% 23.2%

GWP & NWP of Insurance Companies for Non Life Business in 2016

  GWP Market Retained
    Share Premium
Misr Ins. 4,353,616 48.32% 3,180,749
Suez Canal. 615,345 6.83% 356,349
Mohandes Ins. 558,502 6.20% 230,045
Delta Ins. 536,705 5.96% 259,723
AIG 350,085 3.89% 127,102
AMIG 344,400 3.82% 195,355
Egyptian Export Credit Insurance Company 340,822 3.78% 250,725
Cooperative Ins. Society 302,350 3.36% 99,475
Chubb 262,780 2.92% 64,545
Royal 240,434 2.67% 143,729
Allianz 221,893 2.46% 137,981
Egyptian Saudi ins. Co 205,507 2.28% 169,801
Bupa 117,207 1.30% 44,021
Egyptian Takaful 115,486 1.28% 80,799
Wethaq 94,766 1.05% 70,246
Arope 90,117 1.00% 57,823
Iskan 86553 0.96% 81,479
Tokyo Marine 86,408 0.96% 38,593
Orient Egypt 46,166 0.51% 13,714
AXA 37,098 0.41% 30269
United 3,151 0.03% 1,579
       
total 9,009,393 100.00% 5,634,102