New market study, "Egypt Insurance Report Q4 2015", has been published

By most metrics, Egypt's insurance sector is under - developed and will remain so throughout our forecast period to 2019. Growth over the next five years will be driven mainly by the expansion of property insurance and the diverse 'other lines' sub-sector within the non-life segment. This, in turn, will be the result of greater access to reinsurance by the insurers.

Despite boasting a population of around 85mn, the third largest in Africa, Egypt's insurance sector is under-developed by the standards of most major economies and we note that at present, only 6% of Egyptians use insurance. This owes to the country's high poverty levels, relatively low incomes and GDP per capita and also the fact that many segments of the population remains unaware of the benefits insurance products can bring.

While penetration and density remain low, by nature of its size, the insurance market continues to attract new entrants, including major multi-nationals. AXA and MedGulf are the latest firms to have begun marketing to Egyptians in recent quarters. Meanwhile, the type of products on offer is becoming more sophisticated as firms find new marketing and distribution initiatives to attract a growing pool of middle class consumers. The development of micro-insurance and Takaful products by firms also illustrates a desire to reach areas of the population that may previously have been off limits.

Full Report Details at
- http://www.fastmr.com/prod/1058375_egypt_insurance_report_q4.aspx?afid=301

The Egypt Insurance Report has been researched at source and features BMI Research's independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.

BMI's Egypt Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Egyptian insurance industry.

Key Benefits

* Benchmark BMI's independent insurance industry forecasts for Egypt to test other views - a key input for successful budgeting and strategic business planning in Egypt's insurance market.
* Target business opportunities and risks in Egypt through our reviews of latest industry trends, regulatory changes and major deals, investments and macroeconomic developments.
* Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

About Fast Market Research

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