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Life Insurance in Lebanon Key Trends and Opportunities to 2020

Life Insurance in Lebanon Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Life Insurance in Lebanon Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Lebanese life insurance segment, and a comparison of the Lebanese insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

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

The report brings together Timetric’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.

Summary

Timetric’s 'Life Insurance in Lebanon Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Lebanese life insurance segment, including:

  • An overview of the Lebanese life insurance segment
  • The Lebanese life insurance segment’s growth prospects by category
  • A comprehensive overview of the Lebanese economy and demographics
  • A comparison of the Lebanese life insurance segment with its regional counterparts
  • The various distribution channels in the Lebanese life insurance segment
  • Details of the competitive landscape in the life insurance segment in Lebanon
  • Details of regulatory policy applicable to the Lebanese insurance industry
Scope

This report provides a comprehensive analysis of the life insurance segment in Lebanon:
  • It provides historical values for the Lebanese life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Lebanese life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Lebanese life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for life insurance products in Lebanon.
  • It profiles the top life insurance companies in Lebanon 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 Lebanese life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Lebanese life insurance segment.
  • Assess the competitive dynamics in the life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Lebanese insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • In 2016, Bancassurance SAL launched a new retirement plan to target the aging population.
  • Allianz SNA SAL provides the Jana retirement saving plan, in collaboration with BBAC Bank.
  • In 2016, Arope Insurance announced a strategic partnership with BoB Finance, in collaboration with Beirut Brokers.
  • As of 2015, life insurers must have a minimum paid-up capital of LBP2.3 billion (US$1.5 million) to operate in Lebanon.
  • The civil war in Syria negatively affected the Lebanese economy and insurance industry during the review period.
  • In 2015, the Insurance Control Commission (ICC) initiated the provision of soft loans as incentives to encourage mergers and acquisitions.


  • Key Facts and Highlights
    • Table Lebanese Life Insurance - Key Facts, 2015
    • Table Lebanese Life Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Lebanese Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Lebanese Life Insurance - Gross Written Premium (LBP Billion and US$ Billion), 2011-2015
        • Table Lebanese Life Insurance - Penetration (%), 2011-2015
        • Table Lebanese Life Insurance - Gross Written Premium (LBP Billion and US$ Billion), 2015-2020
        • Table Lebanese Life Insurance - Penetration (%), 2015-2020
        • Table Lebanese Life Insurance - Premium per Capita (LBP and US$), 2011-2015
        • Table Lebanese Life Insurance - Premium per Capita (LBP and US$), 2015-2020
      • Policies sold
        • Table Lebanese Life Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Lebanese Life Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Lebanese Life Insurance - Paid Claims (LBP Billion and US$ Billion), 2011-2015
        • Table Lebanese Life Insurance - Paid Claims (LBP Billion and US$ Billion), 2015-2020
      • Assets and investments
        • Table Lebanese Life Insurance - Total Assets (LBP Billion and US$ Billion), 2011-2015
        • Table Lebanese Life Insurance - Total Assets (LBP Billion and US$ Billion), 2015-2020
        • Table Lebanese Life Insurance - Total Investment Income (LBP Billion and US$ Billion), 2011-2015
        • Table Lebanese Life Insurance - Total Investment Income (LBP Billion and US$ Billion), 2015-2020
        • Table Lebanese Life Insurance - Investment Portfolio (LBP Billion), 2011-2015
        • Table Lebanese Life Insurance - Investment Portfolio (LBP Billion), 2015-2020
  • Outlook
    • Individual Life Insurance
      • Premium
        • Table Lebanese Individual Life Insurance - Direct Written Premium by Category (LBP Billion), 2011-2015
        • Table Lebanese Individual Life Insurance - Direct Written Premium by Category (LBP Billion), 2015-2020
      • Penetration
  • Distribution Channel Outlook
  • Competitive Landscape
    • Table Lebanese Life Insurance - Segment Shares of the Leading Insurers (%), 2015
    • Company Profiles
      • MetLife Alico Lebanon - company overview
        • Table MetLife Alico Lebanon - Key Facts
      • Bancassurance SAL - company overview
        • Table Bancassurance SAL - Key Facts
      • Allianz SNA SAL - company overview
        • Table Allianz SNA SAL - Key Facts
      • Adonis Insurance and Reinsurance Co. SAL - company overview
        • Table Adonis Insurance and Reinsurance Co. SAL - Key Facts
      • LIA Insurance SAL - company overview
        • Table LIA Insurance SAL - Key Facts
  • Governance, Risk and Compliance
    • Table Lebanon - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Lebanon - Life Insurance Regulatory Framework
      • Property insurance
        • Table Lebanon - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Lebanon - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Lebanon - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance (bodily injury only)
        • Table Lebanon - Third-Party Liability Cover Limits
      • Work injury cover scheme
      • Universal health cover scheme
      • Liability for ship owners in respect of oil pollution
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Insurance Control Commission
      • Association des Compagnies d'Assurances au Liban
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Lebanon - Amendment of Deemed Profit Rates
        • Table Lebanon - Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Lebanese Life Insurance - Policies and Premium, 2011-2015
      • Table Lebanese Life Insurance - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Lebanese Life Insurance - Claims and Expenses, 2011-2015
      • Table Lebanese Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Lebanese Life Insurance - Assets and Investments, 2011-2015
      • Table Lebanese Life Insurance - Assets and Investments, 2015-2020
    • Individual Life Insurance
      • Table Lebanese Life Insurance - Individual Life Insurance, 2011-2015
      • Table Lebanese Life Insurance - Individual Life Insurance, 2015-2020
    • Individual Life Insurance by Product
      • Table Lebanese Life Insurance - Individual Life Insurance by Product, 2011-2015
      • Table Lebanese Life Insurance - Individual Life Insurance by Product, 2015-2020
    • Linked vs Non-Linked Policies
      • Table Lebanese Life Insurance - Linked vs Non-Linked Policies, 2011-2015
      • Table Lebanese Life Insurance - Linked vs Non-Linked Policies, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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