Egyptian Insurance Market Review of 2006 Gross Premium: -
(000)
|
|
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
% of increase |
% of total premium
in 2006 |
|
Life insurance
Non-life insurance |
619.5
1394.9 |
664.8
1431.3 |
720.5
1,563 |
939.4
1,945 |
1,338
2,464 |
1,521
2,767 |
1,787
2,803 |
17.5%
1.3% |
38.93%
61.07% |
|
Total |
2014.4 |
2096.1 |
2,283 |
2,884.4 |
3,802 |
4,289 |
4,590 |
7.0% |
100.00% |
Key figures of life business in 2006
|
|
Written Premium |
Acquisition
Costs % |
Management
Expenses % |
|
2005 |
2006 |
|
Misr Ins. |
401,752 |
423,510 |
45.12% |
6.59% |
|
Al Chark |
356,116 |
391,482 |
59.45% |
11.32% |
|
National |
117,529 |
114,315 |
39.22% |
9.61% |
|
Suez Canal |
22,692 |
25,205 |
221.01% |
12.83% |
|
Mohandes |
49,378 |
48,253 |
285.88% |
11.09% |
|
Delta |
32,775 |
42,681 |
74.74% |
8.99% |
|
Alico |
158,551 |
211,787 |
119.47% |
9.54% |
|
CIL |
244,153 |
310,935 |
5.70% |
5.50% |
|
Allianz Life
|
122,027 |
192,685 |
39.75% |
15.68% |
|
NSGB- Life |
11,501 |
24,950 |
18.46% |
23.49% |
|
Ace Life |
753 |
2001 |
69.13% |
437.53% |
|
|
|
|
|
|
|
Total |
1,521,731 |
1,787,804 |
37.55% |
9.92% |
Note: Acquisition Costs Ratio = Acquisition Costs ÷New Business premium.
Key Figures of Insurance Companies for Non Life Business in 2006
|
|
Written Premium |
Market |
Retained |
Underwriting |
Investments |
Net |
|
Share |
Premium |
Results |
Returns |
Results |
|
Misr Ins. |
1,373,138 |
48.98% |
527,240 |
-578,314 |
789,756 |
211,442 |
|
AlChark Ins. |
486,170 |
17.34% |
227,968 |
-199,431 |
301,405 |
101,974 |
|
National Ins. |
204,267 |
7.29% |
158,099 |
-193,873 |
82,815 |
-111,058 |
|
Suez Canal. |
158,939 |
5.67% |
79,002 |
4,075 |
14,825 |
18,900 |
|
Mohandes Ins. |
71,368 |
2.55% |
35,475 |
2,257 |
15,370 |
17,627 |
|
Delta Ins. |
95,276 |
3.40% |
49,788 |
1,143 |
8,313 |
9,456 |
|
AIG |
116,670 |
4.16% |
64,675 |
-169 |
4,626 |
4,457 |
|
AMIG |
75,506 |
2.69% |
45,790 |
-240 |
4,357 |
4,117 |
|
Cooperative Ins. Society |
61,117 |
2.18% |
19,462 |
-2,101 |
2,101 |
0 |
|
Egyptian Export Credit Insurance
Company |
2,231 |
0.08% |
446 |
695 |
242 |
937 |
|
Allianz |
91,643 |
3.27% |
28,129 |
-2,455 |
3,052 |
597 |
|
Ace ACIIC |
22,376 |
0.80% |
4,310 |
466 |
645 |
1111 |
|
Royal & Sun Alliance |
26,567 |
0.95% |
11,978 |
-2,464 |
1362 |
-1102 |
|
Egyptian Saudi ins. Co |
18,132 |
0.65% |
10,027 |
-1,375 |
316 |
-1,059 |
|
Pupa |
99 |
|
50 |
|
|
3 |
|
|
|
|
|
|
|
|
|
total |
2,803,499 |
100% |
1,262,439 |
-971,786 |
1,229,185 |
257,402 |
Combined Key Figures of Insurance Companies for Life and Non Life in 2006
(000)
|
|
Written
Premium |
Market Share |
Shareholders
Funds |
No of
Employees |
|
Misr Ins. |
1,796,648 |
39.13% |
1,432,142 |
4,172 |
|
AlChark Ins. |
877,652 |
19.12% |
682,239 |
4,918 |
|
National Ins. |
318,582 |
6.94% |
393,418 |
1,860 |
|
Suez Canal. |
184,144 |
4.01% |
93,818 |
821 |
|
Mohandes Ins. |
119,621 |
2.61% |
130,722 |
517 |
|
Delta Ins. |
137,957 |
3.00% |
144,429 |
479 |
|
AIG |
116,670 |
2.54% |
45,432 |
165 |
|
AMIG |
75,506 |
1.64% |
53,904 |
245 |
|
Alico |
211,787 |
4.61% |
65,863 |
310 |
|
Cooperative Ins.
Society |
61,117 |
|