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Lebanon Insurance Report Q2 2016

Lebanon Insurance Report Q2 2016

BMI View: Our fundamental view of the Lebanese insurance sector remains unchanged. It is a small, butsteadily growing market. The expansion is being driven by demographics and rising health care costs: thisis boosting health insurance (and personal accident insurance) premiums. The prospects for life insuranceare hampered by the fact that all households that understand it and who can afford it are already using it.

Price competition will hamper the development of the motor vehicle and property insurance sub-sectors.

Key Updates And Forecasts

We have made minor changes to our forecasts, which now run to 2020. We have increased ourprojections for health insurance, which accounts for over half of the activity in the non-life segment. Thishas more than offset the impact of a downwards revision to projections in other non-life sub-sectors, aswe have taken into account the mixed economic conditions and downwards pressures on prices. We havealso revised our life insurance forecasts down a little, in order to recognised the insurers' difficulties inreaching new clients.

We remain of the view that two broad themes will shape the development of premiums in the non-lifesegment, through this year, the remainder of the forecast period and - indeed - later years. One theme isthe ageing demographic of Lebanon. This should underpin double-digit growth in demand for healthinsurance - a sub-sector which already accounts for about half of all activity. Crucially, the insurersshould enjoy both higher volumes and stable, or increasing, prices. The demographic factor should also boost demand for personal accident insurance. The second main theme is price competition in theimportant motor vehicle and property insurance sub-sectors - which will limit the expansion in premiums.


BMI Industry View
Table: Headline Insurance Forecasts (Lebanon 2013-2020)
SWOT
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Lebanon 2013-2020)
Table: Life Insurance Claims (Lebanon 2007-2014)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Lebanon 2013-2020)
Table: Non-Life Insurance Claims (Lebanon 2008-2013)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Lebanon 2013-2020)
Insurance Risk/Reward Index
MENA Insurance Risk/Reward Index
Table: MENA Insurance Risk/Reward Index - Q216
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
Table: Life Insurance Premiums (USDmn)
Table: Life Insurance Market Shares (%)
Non-Life Market Overview
The Competitive Landscape
Table: Non-Life Insurance Premiums (USDmn)
Table: Non-Life Market Shares (%)
Company Profile
Arabia Insurance srl
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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