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Non-Life Insurance in Lebanon, Key Trends and Opportunities to 2018

Non-Life Insurance in Lebanon, Key Trends and Opportunities to 2018

Synopsis

Timetric’s 'Non-Life Insurance in the Lebanon, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Lebanese non-life insurance segment. It provides Key Performance Indicators (KPI) 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 'Non-Life Insurance in the Lebanon, Key Trends and Opportunities to 2018' report provides in-depth market analysis, information and insights into the Lebanese non-life insurance segment, including:

  • The Lebanese non-life insurance segment’s growth prospects by non-life insurance category
  • Key trends, drivers and challenges for the non-life insurance segment
  • The various distribution channels in the Lebanese non-life insurance segment
  • The detailed competitive landscape in the non-life insurance segment in Lebanon
  • Detailed regulatory policies of the Lebanese insurance industry
  • Analysis of various consumer segments in Lebanese non-life insurance
  • Product Portfolios of Lebanese Non-Life Insurance Companies
Scope

This report provides a comprehensive analysis of the non-life insurance segment in Lebanon:
  • It provides historical values for Lebanon’s non-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 Lebanon’s non-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 non-life insurance products in Lebanon.
  • 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 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
  • Non-life insurance is the largest primary insurance segment in Lebanon, accounting for 37.4% of the overall insurance gross written premium in 2013.
  • The Lebanese non-life segment is moderately consolidated, with the 10 leading non-life insurers accounting for 56.7% of the total segment’s gross written premium in 2013.
  • Strong growth in the automobile industry will support motor insurance.
  • Rising number of mergers and acquisitions to consolidate the segment. The Bank of Beirut (BoB) entered into a partnership agreement with Allianz SNA SAL in 2014.
  • Insurers are developing new products and upgrading existing ones to meet customers’ growing needs. For example, products covering property against the risk of political violence are becoming popular
  • High combined ratio impacting the segment.


  • Key Facts and Events
    • Table Lebanon Non-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
  • Non-Life Insurance Outlook
    • Consumer Segmentation
    • Key Drivers
    • Key Trends
    • Challenges
    • Non-Life Insurance Growth Prospects by Category
      • Table Lebanese Non-Life Insurance - Gross Written Premium by Category (LBP Billion), 2009-2013
      • Table Lebanese Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2009-2013
      • Table Lebanese Non-Life Insurance - Gross Written Premium by Category (LBP Billion), 2013-2018
      • Table Lebanese Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2013-2018
      • Table Lebanese Non-Life Insurance - Direct Written Premium by Category (LBP Billion), 2009-2013
      • Table Lebanese Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2009-2013
      • Table Lebanese Non-Life Insurance - Direct Written Premium by Category (LBP Billion), 2013-2018
      • Table Lebanese Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2013-2018
      • Table Lebanese Non-Life Insurance - Earned Premium (LBP Billion), 2009-2013
      • Table Lebanese Non-Life Insurance - Earned Premium (LBP Billion), 2013-2018
      • Table Lebanese Non-Life Insurance - Paid Claims by Category (LBP Billion), 2009-2013
      • Table Lebanese Non-Life Insurance - Paid Claims by Category (US$ Million), 2009-2013
      • Table Lebanese Non-Life Insurance - Paid Claims by Category (LBP Billion), 2013-2018
      • Table Lebanese Non-Life Insurance - Paid Claims by Category (US$ Million), 2013-2018
      • Table Lebanese Non-Life Insurance - Incurred Loss by Category (LBP Billion), 2009-2013
      • Table Lebanese Non-Life Insurance - Incurred Loss by Category (US$ Million), 2009-2013
      • Table Lebanese Non-Life Insurance - Incurred Loss by Category (LBP Billion), 2013-2018
      • Table Lebanese Non-Life Insurance - Incurred Loss by Category (US$ Million), 2013-2018
      • Table Lebanese Non-Life Insurance - Retentions by Category (LBP Billion), 2009-2013
      • Table Lebanese Non-Life Insurance - Retentions by Category (US$ Million), 2009-2013
      • Table Lebanese Non-Life Insurance - Retentions by Category (LBP Billion), 2013-2018
      • Table Lebanese Non-Life Insurance - Retentions by Category (US$ Million), 2013-2018
      • Table Lebanese Non-Life Insurance - Loss Ratio (%), 2009-2013
      • Table Lebanese Non-Life Insurance - Loss Ratio (%), 2013-2018
      • Table Lebanese Non-Life Insurance - Commissions and Expenses (LBP Billion), 2009-2013
      • Table Lebanese Non-Life Insurance - Commissions and Expenses (LBP Billion), 2013-2018
      • Table Lebanese Non-Life Insurance - Combined Ratio (%), 2009-2013
      • Table Lebanese Non-Life Insurance - Combined Ratio (%), 2013-2018
      • Table Lebanese Non-Life Insurance - Fraud and Crime (LBP Billion), 2009-2013
      • Table Lebanese Non-Life Insurance - Fraud and Crime (LBP Billion), 2013-2018
      • Table Lebanese Non-Life Insurance - Total Assets (LBP Trillion), 2009-2013
      • Table Lebanese Non-Life Insurance - Total Assets (LBP Trillion), 2013-2018
      • Table Lebanese Non-Life Insurance - Total Investment Income (LBP Billion), 2009-2013
      • Table Lebanese Non-Life Insurance - Total Investment Income (LBP Billion), 2013-2018
      • Table Lebanese Non-Life Insurance - Retentions (LBP Billion), 2009-2013
      • Table Lebanese Non-Life Insurance - Retentions (LBP Billion), 2013-2018
    • Property Insurance
      • Table Lebanese Property Insurance - Gross Written Premium by Sub-Category (LBP Billion), 2009-2013
      • Table Lebanese Property Insurance - Gross Written Premium by Sub-Category (US$ Million), 2009-2013
      • Table Lebanese Property Insurance - Gross Written Premium by Sub-Category (LBP Billion), 2013-2018
      • Table Lebanese Property Insurance - Gross Written Premium by Sub-Category (US$ Million), 2013-2018
      • Table Lebanese Property Insurance - Direct Written Premium by Sub-Category (LBP Billion), 2009-2013
      • Table Lebanese Property Insurance - Direct Written Premium by Sub-Category (US$ Million), 2009-2013
      • Table Lebanese Property Insurance - Direct Written Premium by Sub-Category (LBP Billion), 2013-2018
      • Table Lebanese Property Insurance - Direct Written Premium by Sub-Category (US$ Million), 2013-2018
      • Table Lebanese Property Insurance - Loss Ratio (%), 2009-2013
      • Table Lebanese Property Insurance - Loss Ratio (%), 2013-2018
      • Fire and allied perils insurance
        • Table Lebanese Fire and Allied Perils Insurance - Number of Policies Sold (Thousand), 2009-2013
        • Table Lebanese Fire and Allied Perils Insurance - Number of Policies Sold (Thousand), 2013-2018
        • Table Lebanese Fire and Allied Perils Insurance - Gross Written Premium (LBP Billion), 2009-2013
        • Table Lebanese Fire and Allied Perils Insurance - Gross Written Premium (LBP Billion), 2013-2018
      • Engineering insurance
        • Table Lebanese Engineering Insurance - Number of Policies Sold (Thousand), 2009-2013
        • Table Lebanese Engineering Insurance - Number of Policies Sold (Thousand), 2013-2018
        • Table Lebanese Engineering Insurance - Gross Written Premium (LBP Billion), 2009-2013
        • Table Lebanese Engineering Insurance - Gross Written Premium (LBP Billion), 2013-2018
      • Other property insurance
        • Table Lebanese Other Property Insurance - Number of Policies Sold (Thousand), 2009-2013
        • Table Lebanese Other Property Insurance - Number of Policies Sold (Thousand), 2013-2018
        • Table Lebanese Other Property Insurance - Gross Written Premium (LBP Billion), 2009-2013
        • Table Lebanese Other Property Insurance - Gross Written Premium (LBP Billion), 2013-2018
    • Motor Insurance
      • Table Lebanese Motor Insurance - Gross Written Premium by Sub-Category (LBP Billion), 2009-2013
      • Table Lebanese Motor Insurance - Gross Written Premium by Sub-Category (US$ Million), 2009-2013
      • Table Lebanese Motor Insurance - Gross Written Premium by Sub-Category (LBP Billion), 2013-2018
      • Table Lebanese Motor Insurance - Gross Written Premium by Sub-Category (US$ Million), 2013-2018
      • Table Lebanese Motor Insurance - Direct Written Premium by Sub-Category (LBP Billion), 2009-2013
      • Table Lebanese Motor Insurance - Direct Written Premium by Sub-Category (US$ Million), 2009-2013
      • Table Lebanese Motor Insurance - Direct Written Premium by Sub-Category (LBP Billion), 2013-2018
      • Table Lebanese Motor Insurance - Direct Written Premium by Sub-Category (US$ Million), 2013-2018
      • Table Lebanese Motor Insurance - Loss Ratio (%), 2009-2013
      • Table Lebanese Motor Insurance - Loss Ratio (%), 2013-2018
      • Motor hull insurance
        • Table Lebanese Motor Hull Insurance - Number of Policies Sold (Thousand), 2009-2013
        • Table Lebanese Motor Hull Insurance - Number of Policies Sold (Thousand), 2013-2018
        • Table Lebanese Motor Hull Insurance - Gross Written Premium (LBP Billion), 2009-2013
        • Table Lebanese Motor Hull Insurance - Gross Written Premium (LBP Billion), 2013-2018
      • Motor third-party insurance
        • Table Lebanese Motor Third-Party Insurance - Number of Policies Sold (Thousand), 2009-2013
        • Table Lebanese Motor Third-Party Insurance - Number of Policies Sold (Thousand), 2013-2018
        • Table Lebanese Motor Third-Party Insurance - Gross Written Premium (LBP Billion), 2009-2013
        • Table Lebanese Motor Third-Party Insurance - Gross Written Premium (LBP Billion), 2013-2018
    • Liability Insurance
      • Table Lebanese Liability Insurance - Loss Ratio (%), 2009-2013
      • Table Lebanese Liability Insurance - Loss Ratio (%), 2013-2018
    • Transit Insurance
      • Table Lebanese Transit Insurance - Gross Written Premium by Sub-Category (LBP Billion), 2009-2013
      • Table Lebanese Transit Insurance - Gross Written Premium by Sub-Category (LBP Billion), 2013-2018
      • Table Lebanese Transit Insurance - Direct Written Premium by Sub-Category (LBP Billion), 2009-2013
      • Table Lebanese Transit Insurance - Direct Written Premium by Sub-Category (LBP Billion), 2013-2018
      • Table Lebanese Transit Insurance - Loss Ratio (%), 2009-2013
      • Table Lebanese Transit Insurance - Loss Ratio (%), 2013-2018
      • Table Lebanese Transit Insurance - Number of Policies Sold (Thousand), 2009-2013
      • Table Lebanese Transit Insurance - Number of Policies Sold (Thousand), 2013-2018
  • Analysis by Distribution Channel
    • Direct Marketing
      • Table Lebanese Non-Life Insurance - Direct Marketing Commission Paid (LBP Billion), 2009-2013
      • Table Lebanese Non-Life Insurance - Direct Marketing Commission Paid (LBP Billion), 2013-2018
      • Table Lebanese Non-Life Insurance - Gross Written Premium (LBP Billion), 2009-2013
      • Table Lebanese Non-Life Insurance - Gross Written Premium (LBP Billion), 2013-2018
      • Table Lebanese Non-Life Insurance - Policies Sold Through Direct Marketing (Thousand), 2009-2013
      • Table Lebanese Non-Life Insurance - Policies Sold Through Direct Marketing (Thousand), 2013-2018
      • Table Lebanese Non-Life Insurance - Number of Direct Marketing Distributors, 2009-2013
      • Table Lebanese Non-Life Insurance - Number of Direct Marketing Distributors, 2013-2018
    • Bancassurance
      • Table Lebanese Non-Life Insurance - Bancassurance Commission Paid (LBP Billion), 2009-2013
      • Table Lebanese Non-Life Insurance - Bancassurance Commission Paid (LBP Billion), 2013-2018
      • Table Lebanese Non-Life Insurance - Gross Written Premium (LBP Billion), 2009-2013
      • Table Lebanese Non-Life Insurance - Gross Written Premium (LBP Billion), 2013-2018
      • Table Lebanese Non-Life Insurance - Policies Sold Through Bancassurance (Thousand), 2009-2013
      • Table Lebanese Non-Life Insurance - Policies Sold Through Bancassurance (Thousand), 2013-2018
      • Table Lebanese Non-Life Insurance - Number of Bancassurance Distributors, 2009-2013
      • Table Lebanese Non-Life Insurance - Number of Bancassurance Distributors, 2013-2018
    • Agencies
      • Table Lebanese Non-Life Insurance - Commission Paid to Agencies (LBP Billion), 2009-2013
      • Table Lebanese Non-Life Insurance - Commission Paid to Agencies (LBP Billion), 2013-2018
      • Table Lebanese Non-Life Insurance - Gross Written Premium (LBP Billion), 2009-2013
      • Table Lebanese Non-Life Insurance - Gross Written Premium (LBP Billion), 2013-2018
      • Table Lebanese Non-Life Insurance - Policies Sold Through Agencies (Thousand), 2009-2013
      • Table Lebanese Non-Life Insurance - Policies Sold Through Agencies (Thousand), 2013-2018
      • Table Lebanese Non-Life Insurance - Number of Agencies, 2009-2013
      • Table Lebanese Non-Life Insurance - Number of Agencies, 2013-2018
    • E-Commerce
      • Table Lebanese Non-Life Insurance - E-Commerce Commission Paid (LBP Billion), 2009-2013
      • Table Lebanese Non-Life Insurance - E-Commerce Commission Paid (LBP Billion), 2013-2018
      • Table Lebanese Non-Life Insurance - Gross Written Premium (LBP Billion), 2009-2013
      • Table Lebanese Non-Life Insurance - Gross Written Premium (LBP Billion), 2013-2018
      • Table Lebanese Non-Life Insurance - Policies Sold Through E-Commerce (Thousand), 2009-2013
      • Table Lebanese Non-Life Insurance - Policies Sold Through E-Commerce (Thousand), 2013-2018
      • Table Lebanese Non-Life Insurance - Number of E-Commerce Distributors, 2009-2013
      • Table Lebanese Non-Life Insurance - Number of E-Commerce Distributors, 2013-2018
    • Brokers
      • Table Lebanese Non-Life Insurance - Commission Paid to Brokers (LBP Billion), 2009-2013
      • Table Lebanese Non-Life Insurance - Commission Paid to Brokers (LBP Billion), 2013-2018
      • Table Lebanese Non-Life Insurance - Gross Written Premium (LBP Billion), 2009-2013
      • Table Lebanese Non-Life Insurance - Gross Written Premium (LBP Billion), 2013-2018
      • Table Lebanese Non-Life Insurance - Policies Sold Through Brokers (Thousand), 2009-2013
      • Table Lebanese Non-Life Insurance - Policies Sold Through Brokers (Thousand), 2013-2018
      • Table Lebanese Non-Life Insurance - Number of Brokers, 2009-2013
      • Table Lebanese Non-Life Insurance - Number of Brokers, 2013-2018
    • Other Channels
      • Table Lebanese Non-Life Insurance - Commission Paid to Other Channels (LBP Billion), 2009-2013
      • Table Lebanese Non-Life Insurance - Commission Paid to Other Channels (LBP Billion), 2013-2018
      • Table Lebanese Non-Life Insurance - Gross Written Premium (LBP Billion), 2009-2013
      • Table Lebanese Non-Life Insurance - Gross Written Premium (LBP Billion), 2013-2018
      • Table Lebanese Non-Life Insurance - Policies Sold Through Other Channels (Thousand), 2009-2013
      • Table Lebanese Non-Life Insurance - Policies Sold Through Other Channels (Thousand), 2013-2018
      • Table Lebanese Non-Life Insurance - Number of Distributors in Other Channels, 2009-2013
      • Table Lebanese Non-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 Non-Life Insurance Segment
      • Table Shares of Key Insurers in the Lebanese Non-Life Segment (%), 2013
    • Product Portfolios of Lebanese Non-Life Insurance Companies
    • Comparison of the Top Five Insurers
      • Gross written premium
      • Gross claims
      • Pre-tax profit/loss
    • 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), 2010-2013
    • 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), 2010-2013
    • Axa ME sal - Company Overview
      • Axa ME sal - key facts
        • Table Axa ME sal - Key Facts
      • Axa ME sal - key financials
        • Table Axa ME sal, Key Financials (LBP Million), 2010-2013
    • Libano-Suisse Insurance Co. sal - Company Overview
      • Libano-Suisse Insurance Co. sal - key facts
        • Table Libano-Suisse Insurance Co. sal - Key Facts
      • Libano-Suisse Insurance Co. sal - key financials
        • Table Libano-Suisse Insurance Co. sal, Key Financials (LBP Million), 2010-2013
    • 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
    • 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. - key financials
        • Table Medgulf Insurance and Reinsurance Co., Key Financials (LBP Million), 2010-2013
    • Fidelity Assurance & Reinsurance Co. sal - Company Overview
      • Fidelity Assurance & Reinsurance Co. sal - key facts
        • Table Fidelity Assurance & Reinsurance Co. sal - Key Facts
      • Fidelity Assurance & Reinsurance Co. sal - key financials
        • Table Fidelity Assurance & Reinsurance Co. sal, Key Financials (LBP Million), 2010-2013
    • Al Mashrek Insurance & Reinsurance sal - Company Overview
      • Al Mashrek Insurance & Reinsurance sal - key facts
        • Table Al Mashrek Insurance & Reinsurance sal - Key Facts
      • Al Mashrek Insurance & Reinsurance sal - key financials
        • Table Al Mashrek Insurance & Reinsurance sal, Key Financials (LBP Million), 2010-2013
    • Allianz SNA sal - Company Overview
      • Allianz SNA sal - key facts
        • Table Allianz SNA sal - Key Facts
    • Assurex Insurance and Reinsurance sal - Company Overview
      • Assurex Insurance and Reinsurance sal - key facts
        • Table Assurex Insurance and Reinsurance sal - Key Facts
  • 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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