The Insurance Industry in Eritrea, Key Trends and Opportunities to 2022

Region:Africa

Author(s):

Product Code:GDIS1719MR

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Published on

August 2018

Total pages

60

Table of Content

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About the Report

About the Report

The Insurance Industry in Eritrea, Key Trends and Opportunities to 2022

Summary

GlobalData's "The Insurance Industry in Eritrea, Key Trends and Opportunities to 2022" report provides detailed analysis of the market trends, drivers and challenges in the Eritrean insurance industry.

It provides key performance indicators such as written premium and claims during the review period (2013-2017) and forecast period (2017-2022).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Eritrean economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Inside this report, we look at the top themes, its predictions and identify winners and losers.

The report provides in-depth market analysis, information and insights into the Eritrean insurance industry, including-

- The Eritrean insurance industry's growth prospects by segment and category

- A comprehensive overview of the Eritrean economy and demographics

- Details of the competitive landscape in the Eritrean insurance industry

- The various distribution channels in the Eritrean insurance industry

- Details of regulatory policy applicable to the Eritrean insurance industry

- Analysis of natural hazards in the Eritrean insurance industry.

Scope

- This report provides a comprehensive analysis of the insurance industry in Eritrea

- It provides historical values for the Eritrean insurance industry for the report's 2013-2017 review period, and projected figures for the 2017-2022 forecast period.

- It offers a detailed analysis of the key segments in the Eritrean insurance industry, with market forecasts to 2022.

- It covers an exhaustive list of parameters, including written premium and claims.

- It analyzes the various distribution channels in Eritrea.

- It profiles the top insurance companies in Eritrea, and outlines the key regulations affecting them.

Reasons to buy

- Make strategic business decisions using in-depth historic and forecast market data related to the Eritrean insurance industry and each segment and category within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the Eritrean insurance industry.

- Assess the competitive dynamics in the Eritrean insurance industry.

- Identify the growth opportunities and market dynamics in key segments.

- Gain insights into key regulations governing the Eritrean insurance industry and their impact on companies and the industry's future.

Products

Products

Eritrean insurance industry, Life insurance, General insurance, Property insurance, Motor insurance, Liability insurance, Marine insurance, Personal accident and health insurance, Travel insurance, Health insurance, Reinsurance


Companies

National Insurance Corporation of Eritrea

Table of Contents

Table of Contents

Table of Contents

1 Key Facts and Highlights

2 Executive Summary

3 Economy and Demographics

4 Industry Outlook

4.1 Industry Indicators

4.1.1 Gross written premium

4.1.2 Insurance density

4.1.3 Paid claims

5 Life Insurance Outlook

5.1 Segment Indicators

5.1.1 Gross written premium

5.1.2 Paid claims

5.1.3 Penetration

5.1.4 Assets and investments

6 General Insurance Outlook

6.1 Segment Indicators

6.1.1 Gross written premium

6.1.2 Paid claims

6.1.3 Penetration

6.1.4 Loss ratio

6.1.5 Assets and investments

6.2 Property Insurance

6.2.1 Gross written premium

6.2.2 Penetration

6.2.3 Claims

6.2.4 Profitability

6.3 Motor Insurance

6.3.1 Gross written premium

6.3.2 Penetration

6.3.3 Claims

6.3.4 Profitability

6.4 Marine, Aviation and Transit Insurance

6.4.1 Gross written premium

6.4.2 Penetration

6.4.3 Claims

7 Distribution Channel Outlook

8 Natural and Man-Made Hazards

8.1 Flooding

8.2 Droughts

8.3 Exposure

9 Competitive Landscape

9.1 Company Profiles

9.1.1 National Insurance Corporation of Eritrea (NICE)-company overview

10 Databook

10.1 Life Insurance

10.1.1 Policies and premium

10.1.2 Claims and expenses

10.1.3 Assets and investments

10.2 General Insurance

10.2.1 Policies and premium

10.2.2 Claims and expenses

10.2.3 Assets and investments

10.2.4 Property insurance

10.2.5 Motor insurance

10.2.6 Marine, aviation and transit insurance

11 Definitions and Methodology

11.1 Definitions

11.2 Methodology

12 About GlobalData

12.1 Contact GlobalData

12.2 About GlobalData

12.3 GlobalData's Services

12.4 Disclaimer


List of Figure

List of Figures

Figure 1: Eritrean Real GDP (ERN Billion), 2013-2022

Figure 2: Eritrean Exchange Rate (ERN per USD ), 2013-2022

Figure 3: Eritrean Consumer Price Inflation (%), 2013-2022

Figure 4: Eritrean Unemployment Rate, 2013-2022

Figure 5: Eritrean Population by Age Group, 2013-2022

Figure 6: Eritrean Insurance Industry-Gross Written Premium (ERN Million), 2013-2022

Figure 7: Eritrean Insurance Industry-Density (ERN), 2013-2022

Figure 8: Eritrean Insurance Industry-Paid Claims (ERN Million), 2013-2022

Figure 9: Eritrean Life Insurance-Gross Written Premium (ERN Million), 2013-2022

Figure 10: Eritrean Life Insurance-Paid Claims (ERN Million), 2013-2022

Figure 11: Eritrean Life Insurance-Penetration (%), 2013-2017

Figure 12: Eritrean Life Insurance-Penetration (%), 2017-2022

Figure 13: Eritrean Life Insurance-Total Assets (ERN Million), 2013-2022

Figure 14: Eritrean Life Insurance-Total Investment Income (ERN Million), 2013-2022

Figure 15: Eritrean General Insurance-Gross Written Premium (ERN Million), 2013-2022

Figure 16: Eritrean General Insurance-Paid Claims (ERN Million), 2013-2022

Figure 17: Eritrean General Insurance-Penetration (%), 2013-2017

Figure 18: Eritrean General Insurance-Penetration (%), 2017-2022

Figure 19: Eritrean General Insurance-Loss Ratio (%), 2013-2017

Figure 20: Eritrean General Insurance-Loss Ratio (%), 2017-2022

Figure 21: Eritrean General Insurance-Total Assets (ERN Million), 2013-2022

Figure 22: Eritrean General Insurance-Total Investment Income (ERN Million), 2013-2022

Figure 23: Eritrean Property Insurance-Gross Written Premium (ERN Million), 2013-2022

Figure 24: Eritrean Property Insurance-Penetration (%), 2013-2017

Figure 25: Eritrean Property Insurance-Penetration (%), 2017-2022

Figure 26: Eritrean Property Insurance-Paid Claims (ERN Million), 2013-2022

Figure 27: Eritrean Property Insurance-Earned Premium, Incurred Loss and Loss Ratio (ERN Million and %), 2013-2022

Figure 28: Eritrean Motor Insurance-Gross Written Premium (ERN Million), 2013-2022

Figure 29: Eritrean Motor Insurance-Penetration (%), 2013-2017

Figure 30: Eritrean Motor Insurance-Penetration (%), 2017-2022

Figure 31: Eritrean Motor Insurance-Paid Claims (ERN Million), 2013-2022

Figure 32: Eritrean Motor Insurance-Earned Premium, Incurred Loss and Loss Ratio (ERN Million and %), 2013-2022

Figure 33: Eritrean Marine, Aviation and Transit Insurance-Gross Written Premium (ERN Million), 2013-2022

Figure 34: Eritrean Marine, Aviation and Transit Insurance-Penetration (%), 2013-2017

Figure 35: Eritrean Marine, Aviation and Transit Insurance-Penetration (%), 2017-2022

Figure 36: Eritrean Marine, Aviation and Transit Insurance-Paid Claims (ERN Million), 2013-2022


List of Table

List of Tables

Table 1: Eritrean Insurance Industry-Key Facts, 2017

Table 2: Eritrean Insurance Industry-Leading Insurers, 2017

Table 3: Eritrean Insurance Industry-Gross Written Premium (ERN Million and USD Million), 2013-2017

Table 4: Eritrean Insurance Industry-Gross Written Premium (ERN Million and USD Million), 2017-2022

Table 5: Eritrean Insurance Industry-Density (ERN), 2013-2017

Table 6: Eritrean Insurance Industry-Density (ERN), 2017-2022

Table 7: Eritrean Insurance Industry-Paid Claims (ERN Million and USD Million), 2013-2017

Table 8: Eritrean Insurance Industry-Paid Claims (ERN Million and USD Million), 2017-2022

Table 9: Eritrean Life Insurance-Gross Written Premium (ERN Million and USD Million), 2013-2017

Table 10: Eritrean Life Insurance-Gross Written Premium (ERN Million and USD Million), 2017-2022

Table 11: Eritrean Life Insurance-Paid Claims (ERN Million and USD Million), 2013-2017

Table 12: Eritrean Life Insurance-Paid Claims (ERN Million and USD Million), 2017-2022

Table 13: Eritrean Life Insurance-Total Assets (ERN Million and USD Million), 2013-2017

Table 14: Eritrean Life Insurance-Total Assets (ERN Million and USD Million), 2017-2022

Table 15: Eritrean Life Insurance-Total Investment Income (ERN Million and USD Million), 2013-2017

Table 16: Eritrean Life Insurance-Total Investment Income (ERN Million and USD Million), 2017-2022

Table 17: Eritrean General Insurance-Gross Written Premium (ERN Million and USD Million), 2013-2017

Table 18: Eritrean General Insurance-Gross Written Premium (ERN Million and USD Million), 2017-2022

Table 19: Eritrean General Insurance-Paid Claims (ERN Million and USD Million), 2013-2017

Table 20: Eritrean General Insurance-Paid Claims (ERN Million and USD Million), 2017-2022

Table 21: Eritrean General Insurance-Total Assets (ERN Million and USD Million), 2013-2017

Table 22: Eritrean General Insurance-Total Assets (ERN Million and USD Million), 2017-2022

Table 23: Eritrean General Insurance-Total Investment Income (ERN Million and USD Million), 2013-2017

Table 24: Eritrean General Insurance-Total Investment Income (ERN Million and USD Million), 2017-2022

Table 25: Eritrean Property Insurance-Gross Written Premium (ERN Million and USD Million), 2013-2017

Table 26: Eritrean Property Insurance-Gross Written Premium (ERN Million and USD Million), 2017-2022

Table 27: Eritrean Property Insurance-Paid Claims (ERN Million and USD Million), 2013-2017

Table 28: Eritrean Property Insurance-Paid Claims (ERN Million and USD Million), 2017-2022

Table 29: Eritrean Property Insurance-Loss Ratio (%), 2013-2017

Table 30: Eritrean Property Insurance-Loss Ratio(%), 2017-2022

Table 31: Eritrean Motor Insurance-Gross Written Premium (ERN Million and USD Million), 2013-2017

Table 32: Eritrean Motor Insurance-Gross Written Premium (ERN Million and USD Million), 2017-2022

Table 33: Eritrean Motor Insurance-Paid Claims (ERN Million and USD Million), 2013-2017

Table 34: Eritrean Motor Insurance-Paid Claims (ERN Million and USD Million), 2017-2022

Table 35: Eritrean Motor Insurance-Loss Ratio (%), 2013-2017

Table 36: Eritrean Motor Insurance-Loss Ratio(%), 2017-2022

Table 37: Eritrean Marine, Aviation and Transit Insurance-Gross Written Premium (ERN Million and USD Million), 2013-2017

Table 38: Eritrean Marine, Aviation and Transit Insurance-Gross Written Premium (ERN Million and USD Million), 2017-2022

Table 39: Eritrean Marine, Aviation and Transit Insurance-Paid Claims (ERN Million and USD Million), 2013-2017

Table 40: Eritrean Marine, Aviation and Transit Insurance-Paid Claims (ERN Million and USD Million), 2017-2022

Table 41: Eritrean Insurance Industry-Leading Insurers, 2017

Table 42: National Insurance Corporation of Eritrea-Key Facts

Table 43: Eritrean Life Insurance-Policies and Premium, 2013-2017

Table 44: Eritrean Life Insurance-Policies and Premium, 2017-2022

Table 45: Eritrean Life Insurance-Claims and Expenses, 2013-2017

Table 46: Eritrean Life Insurance-Claims and Expenses, 2017-2022

Table 47: Eritrean Life Insurance-Assets and Investments, 2013-2017

Table 48: Eritrean Life Insurance-Assets and Investments, 2017-2022

Table 49: Eritrean General Insurance-Policies and Premium, 2013-2017

Table 50: Eritrean General Insurance-Policies and Premium, 2017-2022

Table 51: Eritrean General Insurance-Claims and Expenses, 2013-2017

Table 52: Eritrean General Insurance-Claims and Expenses, 2017-2022

Table 53: Eritrean General Insurance-Assets and Investments, 2013-2017

Table 54: Eritrean General Insurance-Assets and Investments, 2017-2022

Table 55: Eritrean General Insurance-Property Insurance, 2013-2017

Table 56: Eritrean General Insurance-Property Insurance, 2017-2022

Table 57: Eritrean General Insurance-Motor Insurance, 2013-2017

Table 58: Eritrean General Insurance-Motor Insurance, 2017-2022

Table 59: Eritrean General Insurance-Marine, Aviation and Transit Insurance, 2013-2017

Table 60: Eritrean General Insurance-Marine, Aviation and Transit Insurance, 2017-2022

Table 61: Insurance Industry Definitions

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