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Non-Life Insurance in Lebanon Key Trends and Opportunities to 2020

Non-Life Insurance in Lebanon Key Trends and Opportunities to 2020

Synopsis

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

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, 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, explains the various types of natural hazard and their impact on the Lebanese insurance industry, 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 'Non-Life Insurance in Lebanon Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Lebanese non-life insurance segment, including:

  • The Lebanese non-life segment outlook by product category
  • A comprehensive overview of the Lebanese economy and demographics
  • A comparison of the Lebanese non-life insurance segment with its regional counterparts
  • The various distribution channels in the Lebanese non-life insurance segment
  • Detailed analysis of natural hazards and their impact on the Lebanese insurance industry
  • Details of the competitive landscape in the non-life insurance segment in Lebanon
  • Details of regulatory policy applicable to the Lebanese insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in Lebanon:
  • It provides historical values for the Lebanese non-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 non-life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Lebanese non-life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for non-life insurance products in Lebanon.
  • It analyzes various natural hazards and their impact on the Lebanese insurance industry
  • It profiles the top non-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 non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Lebanese non-life insurance segment.
  • Assess the competitive dynamics in the non-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 2017, a memorandum of understanding (MoU) was signed between the Egyptian International Trade Point and the Lebanese Trade Information Center for the exchange of information on products and services.
  • In January 2017, the Central Bank of Lebanon reduced the bank loan interest rate from 5.0% to 3.0%, which will increase property purchases and generate business for insurers.
  • In July 2016, construction activity increased by 21.5%, due to the improved political situation and reduced interest rates on loans.
  • In 2015, cybercrime-related loss was valued at LBP18.1 billion (US$12.0 million).
  • The Lebanese insurance industry comprises many small and medium insurers, due to low minimum paid-up capital of LBP2.2 billion (US$1.5 million).


  • Key Facts and Highlights
    • Table Lebanese Non-Life Insurance - Key Facts, 2015
    • Table Lebanese Non-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 Non-Life Insurance - Gross Written Premium (LBP Billion and US$ Billion), 2011-2015
        • Table Lebanese Non-Life Insurance - Penetration (%), 2011-2015
        • Table Lebanese Non-Life Insurance - Gross Written Premium (LBP Billion and US$ Billion), 2015-2020
        • Table Lebanese Non-Life Insurance - Penetration (%), 2015-2020
        • Table Lebanese Non-Life Insurance - Premium per Capita (LBP and US$), 2011-2015
        • Table Lebanese Non-Life Insurance - Premium per Capita (LBP and US$), 2015-2020
      • Policies sold
        • Table Lebanese Non-Life Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Lebanese Non-Life Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Lebanese Non-Life Insurance - Paid Claims (LBP Billion and US$ Billion), 2011-2015
        • Table Lebanese Non-Life Insurance - Paid Claims (LBP Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Lebanese Non-Life Insurance - Profitability Ratio (%), 2011-2015
        • Table Lebanese Non-Life Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Lebanese Non-Life Insurance - Total Assets (LBP Billion and US$ Billion), 2011-2015
        • Table Lebanese Non-Life Insurance - Total Assets (LBP Billion and US$ Billion), 2015-2020
        • Table Lebanese Non-Life Insurance - Total Investment Income (LBP Million and US$ Million), 2011-2015
        • Table Lebanese Non-Life Insurance - Total Investment Income (LBP Million and US$ Million), 2015-2020
        • Table Lebanese Non-Life Insurance - Investment Portfolio (LBP Billion), 2011-2015
        • Table Lebanese Non-Life Insurance - Investment Portfolio (LBP Billion), 2015-2020
  • Outlook by Category
    • Table Lebanese Non-Life Insurance - Direct Written Premium by Category (LBP Billion), 2011-2015
    • Table Lebanese Non-Life Insurance - Direct Written Premium by Category (LBP Billion), 2015-2020
    • Property Insurance
      • Product overview
      • Premium
        • Table Lebanese Property Insurance - Direct Written Premium by Sub-Category (LBP Billion), 2011-2015
        • Table Lebanese Property Insurance - Direct Written Premium by Sub-Category (LBP Billion), 2015-2020
      • Policies sold
        • Table Lebanese Property Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2015
        • Table Lebanese Property Insurance - Number of Policies Sold by Sub-Category (Thousand), 2015-2020
      • Claims
        • Table Lebanese Property Insurance - Paid Claims (LBP Million and US$ Million), 2011- 2015
        • Table Lebanese Property Insurance - Paid Claims (LBP Million and US$ Million), 2015-2020
      • Profitability
        • Table Lebanese Property Insurance - Loss Ratio (%), 2011-2015
        • Table Lebanese Property Insurance - Loss Ratio (%), 2015-2020
    • Motor Insurance
      • Product overview
      • Premium
        • Table Lebanese Motor Insurance - Direct Written Premium by Sub-Category (LBP Billion), 2011-2015
        • Table Lebanese Motor Insurance - Direct Written Premium by Sub-Category (LBP Billion), 2015-2020
      • Policies sold
        • Table Lebanese Motor Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2015
        • Table Lebanese Motor Insurance - Number of Policies Sold by Sub-Category (Thousand), 2015-2020
      • Claims
        • Table Lebanese Motor Insurance - Paid Claims (LBP Million and US$ Million), 2011-2015
        • Table Lebanese Motor Insurance - Paid Claims (LBP Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Lebanese Motor Insurance - Loss Ratio (%), 2011-2015
        • Table Lebanese Motor Insurance - Loss Ratio (%), 2015-2020
    • Liability Insurance
      • Product overview
      • Premium
        • Table Lebanese Liability Insurance - Direct Written Premium by Sub-Category (LBP Billion), 2011-2015
        • Table Lebanese Liability Insurance - Direct Written Premium by Sub-Category (LBP Billion), 2015-2020
      • Policies sold
        • Table Lebanese Liability Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Lebanese Liability Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Lebanese Liability Insurance - Paid Claims (LBP Million and US$ Million), 2011-2015
        • Table Lebanese Liability Insurance - Paid Claims (LBP Million and US$ Million), 2015-2020
      • Profitability
        • Table Lebanese Liability Insurance - Loss Ratio (%), 2011-2015
        • Table Lebanese Liability Insurance - Loss Ratio (%), 2015-2020
    • Marine, Aviation and Transit Insurance
      • Product overview
      • Premium
        • Table Lebanese Marine, Aviation and Transit Insurance - Direct Written Premium by Sub- Category (LBP Billion), 2011-2015
        • Table Lebanese Marine, Aviation and Transit Insurance - Direct Written Premium by Sub- Category (LBP Billion), 2015-2020
      • Policies sold
        • Table Lebanese Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Lebanese Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Lebanese Marine, Aviation and Transit Insurance - Paid Claims (LBP Million and US$ Million), 2011-2015
        • Table Lebanese Marine, Aviation and Transit Insurance - Paid Claims (LBP Million and US$ Million), 2015-2020
      • Profitability
        • Table Lebanese Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
        • Table Lebanese Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Brokers
      • Agencies
      • Direct marketing
      • Bancassurance
      • E-commerce
  • Natural and Man-Made Hazards
    • Flooding
    • Storms
    • Earthquakes
    • Wildfires
    • Man-made Hazards
    • Exposure
  • Competitive Landscape
    • Table Lebanese Non-Life Segment - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • The Mediterranean and Gulf Insurance and Reinsurance Company - company overview
        • Table The Mediterranean and Gulf Insurance and Reinsurance Company - Key Facts
      • Bankers Assurance Company - company overview
        • Table Bankers Assurance Company - Key Facts
      • Axa Middle East Insurance Company - company overview
        • Table Axa Middle East Insurance Company - Key Facts
      • Fidelity Assurance & Reinsurance Company - company overview
        • Table Fidelity Assurance & Reinsurance Company - Key Facts
      • Libano-Suisse Insurance Company - company overview
        • Table Libano-Suisse Insurance Company - 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 Insurance Industry - Policies and Premium, 2011-2015
      • Table Lebanese Insurance Industry - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Lebanese Non-Life Insurance - Claims and Expenses, 2011-2015
      • Table Lebanese Non-Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Lebanese Non-Life Insurance - Assets and Investments, 2011-2015
      • Table Lebanese Non-Life Insurance - Assets and Investments, 2015-2020
    • Direct Marketing and E-Commerce
      • Table Lebanese Non-Life Insurance - Direct Marketing and E-Commerce, 2011-2015
      • Table Lebanese Non-Life Insurance - Direct Marketing and E-Commerce, 2015-2020
    • Insurance Brokers and Agencies
      • Table Lebanese Non-Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table Lebanese Non-Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Property Insurance
      • Table Lebanese Non-Life Insurance - Property Insurance, 2011-2015
      • Table Lebanese Non-Life Insurance - Property Insurance, 2015-2020
    • Property Insurance by Product
      • Table Lebanese Non-Life Insurance - Property Insurance by Product, 2011-2015
      • Table Lebanese Non-Life Insurance - Property Insurance by Product, 2015-2020
    • Motor Insurance
      • Table Lebanese Non-Life Insurance - Motor Insurance, 2011-2015
      • Table Lebanese Non-Life Insurance - Motor Insurance, 2015-2020
    • Motor Insurance by Product
      • Table Lebanese Non-Life Insurance - Motor Insurance by Product, 2011-2015
      • Table Lebanese Non-Life Insurance - Motor Insurance by Product, 2015-2020
    • Liability Insurance
      • Table Lebanese Non-Life Insurance - Liability Insurance, 2011-2015
      • Table Lebanese Non-Life Insurance - Liability Insurance, 2015-2020
    • Marine, Aviation and Transit Insurance
      • Table Lebanese Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
      • Table Lebanese Non-Life Insurance - Marine, Aviation and Transit Insurance, 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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