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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Egyptian non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Egypt's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Egypt non-life (P&C) market as well as trends by line of business. Axco analysts also report on Egypt's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Egypt's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Egypt, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Egypt, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Egypt with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
The Egyptian non-life insurance market remains under-developed. A large and expanding population projected to reach 102.33 million in 2020 as compared to comparatively low non-life market penetration indicates substantial unexploited potential. The principal reasons for low penetration are a lack of insurance awareness and understanding among the public and prevailing social and religious attitudes.
As a result of the COVID-19 pandemic the chairman of the Egyptian Financial Supervisory Authority ....
This is a brief extract of information; more updated information may be available in the latest published report