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New Market Study Published: Personal Accident and Health Insurance in Egypt, Key Trends and Opportunities to 2017

Recently published research from Timetric, "Personal Accident and Health Insurance in Egypt, Key Trends and Opportunities to 2017", is now available at Fast Market Research

 

Boston, MA -- (ReleaseWire) -- 03/05/2014 -- In Egypt, personal accident and health insurance is provided by both public and private companies. Insurance products offered by private insurers are complementary and the government is the principal contributor to healthcare services. However, factors such as rising public concerns regarding escalating healthcare expenses, strain on public finances on account of political uncertainly and an increasing population drove growth in personal accident and health insurance during the review period (2008-2012). In terms of gross written premium, the personal accident and health segment valued EGP1.1 billion (US$0.2 billion) in 2012, accounting for 10.5% of the total Egyptian insurance industry. The health insurance category accounted for the largest share of premiums in 2012 with 51.4%, followed by the personal accident category with 47.5%.

Report Highlights

View Full Report Details and Table of Contents

- Services offered by private insurers are complementary and the government is the main contributor to healthcare services.
- Demand for health insurance, provided by private health insurers as a complementary product, grew steadily over the review period.
- The Egyptian government has allocated EGP27.41 billion (US$4.08 billion) in its 2012-2013 budget to improving the healthcare sector, an 18% increase over 2011-2012.
- The personal accident and health segment is expected to register a CAGR of 9.8% over the forecast period.
- The Egyptian personal accident and health segment is highly concentrated and competitive, with the country's 10-leading insurers collectively accounting for 91.6% of the segment's gross written premiums in 2012.

Report 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 2008-2012 review period and forecast figures for the 2012-2017 forecast period.
- It offers a detailed analysis of the key sub-segments in Egyptian personal accident and health insurance segment, along with market forecasts until 2017.
- 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.
- Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Egypt for the personal accident and health insurance segment.
- It provides a detailed analysis of the reinsurance segment in Egypt and its growth prospects.
- It profiles the top personal accident and health insurance companies in Egypt and outlines the key regulations affecting them.

Reasons to Get this Report

Companies Mentioned in this Report: Egypt Insurance Company, Bupa Egypt Insurance Company, Delta Insurance Company, Chartis Egypt Insurance Company, Suez Canal Insurance Company, The Egyptian Association for Cooperative Insurance, Egyptian Arab Group, Egyptian Takaful Property Insurance Company, Allianz Egypt Insurance Company, Royal Insurance Company

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