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Life Insurance in Lebanon, Key Trends and Opportunities to 2018

Life Insurance in Lebanon, Key Trends and Opportunities to 2018

Synopsis

Timetric’s 'Life Insurance in Lebanon, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Lebanese life insurance segment. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions during the review period (2009–2013) and forecast period (2013–2018). The report also analyzes distribution channels operating in the segment, 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 regulatory structure.

Summary

Timetric’s 'Life Insurance in Lebanon, Key Trends and Opportunities to 2018' report provides in-depth market analysis, information and insights into the Lebanese life insurance segment, including:

  • The Lebanese life insurance segment’s growth prospects by life insurance category
  • Key trends, drivers and challenges for the life insurance segment
  • The various distribution channels in the Lebanese life insurance segment
  • The detailed competitive landscape in the life insurance segment in Lebanon
  • Detailed regulatory policies of the Lebanese insurance industry
  • Analysis of various consumer segments in Lebanese life insurance
  • Product Portfolios of Lebanese Life Insurance Companies
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 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key categories in the Lebanese life insurance segment, along with market forecasts until 2018.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
  • It analyses 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 the 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
  • Life insurance was comparatively smaller than the non-life and personal accident and health segments in the Lebanese insurance industry in 2013, accounting for 29.6% of the industry’s gross written premium.
  • The 10 leading insurers in the Lebanese life segment accounted for 86.4% of the total gross written premium generated in 2013.
  • Increased life expectancy to generate business for life insurers.
  • Low capital requirements resulted in excessive number of insurers.
  • Loss of appetite among reinsurers hesitant to take up risks exposed to political violence.
  • In collaboration with Visa, AXA Middle-East launched insurance credit card on June 12, 2014. This card provides a simple transaction process and includes a cash back option, mobile payment and free travel insurance.


  • Key Facts and Events
    • Table Lebanon Life Insurance - Key Facts, 2013
  • Executive Summary
  • Introduction
    • What is this Report About?
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • Lebanese Insurance Industry Attractiveness
    • Insurance Industry Size, 2009-2018
      • Table Lebanese Insurance Industry - Gross Written Premium by Segment (LBP Billion), 2009-2013
      • Table Lebanese Insurance Industry - Gross Written Premium by Segment (US$ Million), 2009-2013
      • Table Lebanese Insurance Industry - Gross Written Premium by Segment (LBP Billion), 2013-2018
      • Table Lebanese Insurance Industry - Gross Written Premium by Segment (US$ Million), 2013-2018
      • Table Lebanese Insurance Industry - Gross Written Premium by Segment (Percentage Share), 2009-2018
      • Table Lebanese Insurance Industry - Direct Written Premium by Segment (LBP Billion), 2009-2013
      • Table Lebanese Insurance Industry - Direct Written Premium by Segment (US$ Million), 2009-2013
      • Table Lebanese Insurance Industry - Direct Written Premium by Segment (LBP Billion), 2013-2018
      • Table Lebanese Insurance Industry - Direct Written Premium by Segment (US$ Million), 2013-2018
      • Table Lebanese Insurance Industry - Direct Written Premium by Segment (Percentage Share), 2009-2018
  • Life Insurance Outlook
    • Consumer Segmentation
    • Key Drivers
    • Key Trends
    • Challenges
    • Life Insurance Growth Prospects by Category
      • Table Lebanese Life Insurance - Gross Written Premium by Category (LBP Billion), 2009-2013
      • Table Lebanese Life Insurance - Gross Written Premium by Category (US$ Million), 2009-2013
      • Table Lebanese Life Insurance - Gross Written Premium by Category (LBP Billion), 2013-2018
      • Table Lebanese Life Insurance - Gross Written Premium by Category (US$ Million), 2013-2018
      • Table Lebanese Life Insurance - New Business Written Premium (LBP Billion), 2009-2013
      • Table Lebanese Life Insurance - New Business Written Premium (LBP Billion), 2013-2018
      • Table Lebanese Life Insurance - Earned Premium (LBP Billion), 2009-2013
      • Table Lebanese Life Insurance - Earned Premium (LBP Billion), 2013-2018
      • Table Lebanese Life Insurance - Sum Assured (LBP Trillion), 2009-2013
      • Table Lebanese Life Insurance - Sum Assured (LBP Trillion), 2013-2018
      • Table Lebanese Life Insurance - Paid Claims (LBP Billion), 2009-2013
      • Table Lebanese Life Insurance - Paid Claims (LBP Billion), 2013-2018
      • Table Lebanese Life Insurance - Incurred Loss (LBP Billion), 2009-2013
      • Table Lebanese Life Insurance - Incurred Loss (LBP Billion), 2013-2018
      • Table Lebanese Life Insurance - Loss Ratio (%), 2009-2013
      • Table Lebanese Life Insurance - Loss Ratio (%), 2013-2018
      • Table Lebanese Life Insurance - Commissions and Expenses (LBP Billion), 2009-2013
      • Table Lebanese Life Insurance - Commissions and Expenses (LBP Billion), 2013-2018
      • Table Lebanese Life Insurance - Combined Ratio (%), 2009-2013
      • Table Lebanese Life Insurance - Combined Ratio (%), 2013-2018
      • Table Lebanese Life Insurance - Fraud and Crime (LBP Billion), 2009-2013
      • Table Lebanese Life Insurance - Fraud and Crime (LBP Billion), 2013-2018
      • Table Lebanese Life Insurance - Total Assets (LBP Trillion), 2009-2013
      • Table Lebanese Life Insurance - Total Assets (LBP Trillion), 2013-2018
      • Table Lebanese Life Insurance - Total Investment Income (LBP Billion), 2009-2013
      • Table Lebanese Life Insurance - Total Investment Income (LBP Billion), 2013-2018
      • Table Lebanese Life Insurance - Retentions (LBP Billion), 2009-2013
      • Table Lebanese Life Insurance - Retentions (LBP Billion), 2013-2018
    • Individual Life Insurance
      • Table Lebanese Individual Life Insurance - Gross Written Premium by Category (LBP Billion), 2009-2013
      • Table Lebanese Individual Life Insurance - Gross Written Premium by Category (US$ Million), 2009-2013
      • Table Lebanese Individual Life Insurance - Gross Written Premium by Category (LBP Billion), 2013-2018
      • Table Lebanese Individual Life Insurance - Gross Written Premium by Category (US$ Million), 2013-2018
      • Table Lebanese Individual Life Insurance - Direct Written Premium by Category (LBP Billion), 2009-2013
      • Table Lebanese Individual Life Insurance - Direct Written Premium by Category (US$ Million), 2009-2013
      • Table Lebanese Individual Life Insurance - Direct Written Premium by Category (LBP Billion), 2013-2018
      • Table Lebanese Individual Life Insurance - Direct Written Premium by Category (US$ Million), 2013-2018
      • Table Lebanese Individual Life Insurance - Policies by Category (Thousand), 2009-2013
      • Table Lebanese Individual Life Insurance - Policies by Category (Thousand), 2013-2018
      • Individual endowment insurance
        • Table Lebanese Individual Endowment Insurance - Number of Active Policies (Thousand), 2009-2013
        • Table Lebanese Individual Endowment Insurance - Number of Active Policies (Thousand), 2013-2018
        • Table Lebanese Individual Endowment Insurance - Gross Written Premium (LBP Billion), 2009-2013
        • Table Lebanese Individual Endowment Insurance - Gross Written Premium (LBP Billion), 2013-2018
      • Individual term life insurance
        • Table Lebanese Individual Term Life Insurance - Number of Active Policies (Thousand), 2009-2013
        • Table Lebanese Individual Term Life Insurance - Number of Active Policies (Thousand), 2013-2018
        • Table Lebanese Individual Term Life Insurance - Gross Written Premium (LBP Billion), 2009-2013
        • Table Lebanese Individual Term Life Insurance - Gross Written Premium (LBP Billion), 2013-2018
      • Other individual other insurance
        • Table Lebanese Other Individual Insurance - Number of Active Policies (Thousand), 2009-2013
        • Table Lebanese Other Individual Insurance - Number of Active Policies (Thousand), 2013-2018
        • Table Lebanese Other Individual Insurance - Gross Written Premium (LBP Billion), 2009-2013
        • Table Lebanese Other Individual Insurance - Gross Written Premium (LBP Billion), 2013-2018
    • Life Insurance Growth Prospects by Customer Segment
      • Individual single-premium insurance
        • Table Lebanese Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
        • Table Lebanese Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
        • Table Lebanese Individual Single-Premium Insurance - Gross Written Premium (LBP Billion), 2009-2013
        • Table Lebanese Individual Single-Premium Insurance - Gross Written Premium (LBP Billion), 2013-2018
        • Table Lebanese Individual Single-Premium Insurance - Direct Written Premium (LBP Billion), 2009-2013
        • Table Lebanese Individual Single-Premium Insurance - Direct Written Premium (LBP Billion), 2013-2018
      • Individual non-single-premium insurance
        • Table Lebanese Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
        • Table Lebanese Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
        • Table Lebanese Individual Non-Single-Premium Insurance - Gross Written Premium (LBP Billion), 2009-2013
        • Table Lebanese Individual Non-Single-Premium Insurance - Gross Written Premium (LBP Billion), 2013-2018
        • Table Lebanese Individual Non-Single-Premium Insurance - Direct Written Premium (LBP Billion), 2009-2013
        • Table Lebanese Individual Non-Single-Premium Insurance - Direct Written Premium (LBP Billion), 2013-2018
    • Life Insurance Growth Prospects by Product Type
      • Total linked insurance business
        • Table Lebanese Linked Insurance Business - Number of Active Policies (Thousand), 2009-2013
        • Table Lebanese Linked Insurance Business - Number of Active Policies (Thousand), 2013-2018
        • Table Lebanese Linked Insurance Business - Gross Written Premium (LBP Billion), 2009-2013
        • Table Lebanese Linked Insurance Business - Gross Written Premium (LBP Billion), 2013-2018
        • Table Lebanese Linked Insurance Business - Direct Written Premium (LBP Billion), 2009-2013
        • Table Lebanese Linked Insurance Business - Direct Written Premium (LBP Billion), 2013-2018
      • Total non-linked insurance business
        • Table Lebanese Non-Linked Insurance Business - Number of Active Policies (Thousand), 2009-2013
        • Table Lebanese Non-Linked Insurance Business - Number of Active Policies (Thousand), 2013-2018
        • Table Lebanese Non-Linked Insurance Business - Gross Written Premium (LBP Billion), 2009-2013
        • Table Lebanese Non-Linked Insurance Business - Gross Written Premium (LBP Billion), 2013-2018
        • Table Lebanese Non-Linked Insurance Business - Direct Written Premium (LBP Billion), 2009-2013
        • Table Lebanese Non-Linked Insurance Business - Direct Written Premium (LBP Billion), 2013-2018
  • Analysis by Distribution Channel
    • Direct Marketing
      • Table Lebanese Life Insurance - Direct Marketing Commission Paid (LBP Billion), 2009-2013
      • Table Lebanese Life Insurance - Direct Marketing Commission Paid (LBP Billion), 2013-2018
      • Table Lebanese Life Insurance - New Business Gross Written Premium (LBP Billion), 2009-2013
      • Table Lebanese Life Insurance - New Business Gross Written Premium (LBP Billion), 2013-2018
      • Table Lebanese Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2009-2013
      • Table Lebanese Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2013-2018
      • Table Lebanese Life Insurance - Number of Direct Marketing Distributors, 2009-2013
      • Table Lebanese Life Insurance - Number of Direct Marketing Distributors, 2013-2018
    • Bancassurance
      • Table Lebanese Life Insurance - Bancassurance Commission Paid (LBP Billion), 2009-2013
      • Table Lebanese Life Insurance - Bancassurance Commission Paid (LBP Billion), 2013-2018
      • Table Lebanese Life Insurance - New Business Gross Written Premium (LBP Billion), 2009-2013
      • Table Lebanese Life Insurance - New Business Gross Written Premium (LBP Billion), 2013-2018
      • Table Lebanese Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2009-2013
      • Table Lebanese Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2013-2018
      • Table Lebanese Life Insurance - Number of Bancassurance Distributors, 2009-2013
      • Table Lebanese Life Insurance - Number of Bancassurance Distributors, 2013-2018
    • Agencies
      • Table Lebanese Life Insurance - Commission Paid to Agencies (LBP Billion), 2009-2013
      • Table Lebanese Life Insurance - Commission Paid to Agencies (LBP Billion), 2013-2018
      • Table Lebanese Life Insurance - New Business Gross Written Premium (LBP Billion), 2009-2013
      • Table Lebanese Life Insurance - New Business Gross Written Premium (LBP Billion), 2013-2018
      • Table Lebanese Life Insurance - New Policies Sold Through Agencies (Thousand), 2009-2013
      • Table Lebanese Life Insurance - New Policies Sold Through Agencies (Thousand), 2013-2018
      • Table Lebanese Life Insurance - Number of Agencies, 2009-2013
      • Table Lebanese Life Insurance - Number of Agencies, 2013-2018
    • E-commerce
      • Table Lebanese Life Insurance - E-Commerce Commission Paid (LBP Million), 2009-2013
      • Table Lebanese Life Insurance - E-Commerce Commission Paid (LBP Million), 2013-2018
      • Table Lebanese Life Insurance - New Business Gross Written Premium (LBP Million), 2009-2013
      • Table Lebanese Life Insurance - Gross Written Premium New Business (LBP Million), 2013-2018
      • Table Lebanese Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2009-2013
      • Table Lebanese Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2013-2018
      • Table Lebanese Life Insurance - Number of E-Commerce Distributors, 2009-2013
      • Table Lebanese Life Insurance - Number of E-Commerce Distributors, 2013-2018
    • Brokers
      • Table Lebanese Life Insurance - Commission Paid to Brokers (LBP Billion), 2009-2013
      • Table Lebanese Life Insurance - Commission Paid to Brokers (LBP Billion), 2013-2018
      • Table Lebanese Life Insurance - New Business Gross Written Premium (LBP Billion), 2009-2013
      • Table Lebanese Life Insurance - New Business Gross Written Premium (LBP Billion), 2013-2018
      • Table Lebanese Life Insurance - New Policies Sold Through Brokers (Thousand), 2009-2013
      • Table Lebanese Life Insurance - New Policies Sold Through Brokers (Thousand), 2013-2018
      • Table Lebanese Life Insurance - Number of Brokers, 2009-2013
      • Table Lebanese Life Insurance - Number of Brokers, 2013-2018
    • Other Channels
      • Table Lebanese Life Insurance - Commission Paid to Other Channels (LBP Billion), 2009-2013
      • Table Lebanese Life Insurance - Commission Paid to Other Channels (LBP Billion), 2013-2018
      • Table Lebanese Life Insurance - New Business Gross Written Premium (LBP Billion), 2009-2013
      • Table Lebanese Life Insurance - New Business Gross Written Premium (LBP Billion), 2013-2018
      • Table Lebanese Life Insurance - New Policies Sold Through Other Channels (Thousand), 2009-2013
      • Table Lebanese Life Insurance - New Policies Sold Through Other Channels (Thousand), 2013-2018
      • Table Lebanese Life Insurance - Number of Distributors in Other Channels, 2009-2013
      • Table Lebanese Life Insurance - Number of Distributors in Other Channels, 2013-2018
  • Governance, Risk and Compliance
    • Legislation Overview and Historical Evolution
    • 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 coverage scheme
      • Universal health coverage scheme
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Insurance Control Commission
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Types of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margins
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Corporate tax
        • Table Lebanon - Amendment of Deemed Profit Rates
        • Table Lebanon - Corporate Tax Rates for the Financial Year 2015
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Competitive Landscape and Strategic Insights
    • Overview
    • Leading Companies in the Lebanese Life Insurance Segment
      • Table Shares of Key Insurers in the Lebanese Life Segment (%), 2013
    • Product Portfolios of Lebanese Life Insurance Companies
    • Comparison of the Top Five Insurers
      • Gross written premium
      • Gross claims
      • Pre tax profit/loss
    • Metlife Alico - Company Overview
      • Metlife Alico - key facts
        • Table Metlife Alico, Key Facts
      • Metlife Alico - key financials
        • Table Metlife Alico, Key Financials (LBP Million), 2009-2013
    • Allianz SNA SAL - Company Overview
      • Allianz SNA SAL - key facts
        • Table Allianz SNA SAL, Key Facts
      • Allianz SNA SAL - key financials
        • Table Allianz SNA SAL, Key Financials (LBP Million), 2009-2013
    • Bancassurance SAL - Company Overview
      • Bancassurance SAL - key facts
        • Table Bancassurance SAL, Key Facts
      • Bancassurance SAL - key financials
        • Table Bancassurance SAL, Key Financials (LBP Million), 2009-2013
    • Arope Insurance SAL - Company Overview
      • Arope Insurance SAL - key facts
        • Table Arope Insurance SAL, Key Facts
      • Arope Insurance SAL - key financials
        • Table Arope Insurance SAL, Key Financials (LBP Million), 2009-2013
    • LIA Insurance SAL - Company Overview
      • LIA Insurance SAL - key facts
        • Table LIA Insurance SAL, Key Facts
      • LIA Insurance SAL - key financials
        • Table LIA Insurance SAL, Key Financials (LBP Million), 2010-2013
    • Adonis Insurance and Reinsurance Co. SAL (ADIR) - Company Overview
      • Adonis Insurance and Reinsurance Co. SAL (ADIR) - key facts
        • Table Adonis Insurance and Reinsurance Co. SAL (ADIR), Key Facts
      • Adonis Insurance and Reinsurance Co. SAL (ADIR) - key financials
        • Table Adonis Insurance and Reinsurance Co. SAL (ADIR), Key Financials (LBP Million), 2009-2013
    • Sogecap Liban SAL - Company Overview
      • Sogecap Liban SAL - key facts
        • Table Sogecap Liban SAL, Key Facts
      • Sogecap Liban SAL - key financials
        • Table Sogecap Liban SAL, Key Financials (LBP Million), 2009-2013
    • Medgulf Insurance and Reinsurance Co. SAL - Company Overview
      • Medgulf Insurance and Reinsurance Co. SAL - key facts
        • Table Medgulf Insurance and Reinsurance Co. SAL, Key Facts
      • Medgulf Insurance and Reinsurance Co. SAL - key financials
        • Table Medgulf Insurance and Reinsurance Co. SAL, Key Financials (LBP Million), 2009-2013
    • Credit Libanais SAL - Company Overview
      • Credit Libanais SAL - key facts
        • Table Credit Libanais SAL, Key Facts
      • Credit Libanais SAL - key financials
        • Table Credit Libanais SAL, Key Financials (LBP Million), 2009-2013
    • Bankers Assurance SAL - Company Overview
      • Bankers Assurance SAL - key facts
        • Table Bankers Assurance SAL, Key Facts
      • Bankers Assurance SAL - key financials
        • Table Bankers Assurance SAL, Key Financials (LBP Million), 2009-2013
  • Appendix - 1
    • Economic Performance
      • GDP at constant prices (US$)
      • GDP per capita at constant prices (US$)
      • GDP at current prices (US$)
      • GDP per capita at current prices (US$)
      • Inflation rate
      • Annual average exchange rate LBP-US$
    • Infrastructure
      • Commercial vehicle exports - total value
      • Commercial vehicle imports - total value
      • Automotive exports - total value
      • Automotive imports - total value
      • Total internet subscribers
    • Labor Force
      • Unemployment rate
    • Demographics
      • Household consumption expenditure (US$)
      • Total population
      • Life expectancy
  • Appendix - 2
    • Methodology
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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