Personal Accident and Health Insurance in Egypt, Key Trends and Opportunities to 2018

Date: 2015-09

With a penetration of 0.07% in 2013, personal accident and health insurance in Egypt is still in its infancy. Low public healthcare spending has led to a fragmented healthcare system, with essential drugs becoming more costly and increasingly scarce. However, rising public concerns over escalating healthcare costs, the strain on public finances due to political uncertainty, and the growing population drove the growth of personal accident and health insurance during the review period (2009โ€“2013). In terms of gross written premium, the segment accounted for 10.9% of the total Egyptian insurance industry in 2013. Health insurance accounted for the segmentโ€™s largest share of 55.3%, followed by the personal accident insurance with 43.8% of the overall personal accident and health insurance in 2013.

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