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Personal Accident and Health Insurance in Lebanon, Key Trends and Opportunities to 2018

Personal Accident and Health Insurance in Lebanon, Key Trends and Opportunities to 2018

Synopsis

Timetric’s 'Personal Accident and Health Insurance in the Lebanon, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Lebanese personal accident and health 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 'Personal Accident and Health Insurance in the Lebanon, Key Trends and Opportunities to 2018' report provides in-depth market analysis, information and insights into the Lebanese personal accident and health insurance segment, including:

  • The Lebanese personal accident and health insurance segment’s growth prospects by insurance category
  • Key trends, drivers and challenges for the personal accident and health insurance segment
  • The various distribution channels in the Lebanese personal accident and health insurance segment
  • The detailed competitive landscape in the personal accident and health insurance segment in Lebanon
  • Detailed regulatory policies of the Lebanese insurance industry
  • Analysis of various consumer segments in Lebanese personal accident and health insurance
  • Product portfolio of the Lebanese Personal Accident and Health Insurance companies
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Lebanon:
  • It provides historical values for the Lebanese personal accident and health 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 personal accident and health 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 personal accident and health insurance products in Lebanon.
  • It profiles the top personal accident and health 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 personal accident and health insurance segment and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Lebanese personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health 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
  • Personal accident and health insurance was the second-largest segment in the Lebanese insurance industry in 2013. The segment accounted for 33.0% of the industry’s gross written premium in 2013.
  • The segment is highly concentrated, with the 10 leading companies accounting for 76.3% of the segment’s total gross written premium in 2013.
  • Growing healthcare expenditure to support health insurance.
  • Insurers extending cover for terrorism risk.
  • Brokers held 53.2% of the personal accident and health segment’s gross written premium new business in 2013.
  • Competition from private mutual insurance companies.
  • In September 2013, GlobeMed Ltd, an Egyptian provider of healthcare administration and assistance services, partnered with the Arope Insurance SAL, Arab Misr Insurance Group and Arab Orient Takaful Insurance Company (AOTIC) to provide complete healthcare benefit management services.


  • Key Facts and Events
    • Table Lebanon Personal Accident and Health 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
  • Personal Accident and Health Insurance Segment Outlook
    • Consumer Segmentation
    • Key Drivers
    • Key Trends
    • Challenges
    • Personal Accident and Health Insurance Growth Prospects by Category
      • Table Lebanese Personal Accident and Health Insurance - Gross Written Premium by Category (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Gross Written Premium by Category (LBP Billion), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Direct Written Premium by Category (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Direct Written Premium by Category (LBP Billion), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Earned Premium (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Earned Premium (LBP Billion), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Paid Claims by Category (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Paid Claims by Category (US$ Million), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Paid Claims by Category (LBP Billion), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Paid Claims by Category (US$ Million), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Incurred Loss by Category (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Incurred Loss by Category (US$ Million), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Incurred Loss by Category (LBP Billion), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Incurred Loss by Category (US$ Million), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Retentions by Category (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Retentions by Category (US$ Million), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Retentions by Category (LBP Billion), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Retentions by Category (US$ Million), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Loss Ratio (%), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Loss Ratio (%), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Commission and Expenses (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Commission and Expenses (LBP Billion), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Combined Ratio (%), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Combined Ratio (%), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Fraud and Crime (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Fraud and Crime (LBP Billion), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Total Assets (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Total Assets (LBP Billion), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Total Investment Income (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Total Investment Income (LBP Billion), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Retentions (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Retentions (LBP Billion), 2013-2018
      • Personal accident insurance
        • Table Lebanese Personal Accident Insurance - Number of Policies Sold (Thousand), 2009-2013
        • Table Lebanese Personal Accident Insurance - Number of Policies Sold (Thousand), 2013-2018
        • Table Lebanese Personal Accident Insurance - Gross Written Premium (LBP Billion), 2009-2013
        • Table Lebanese Personal Accident Insurance - Gross Written Premium (LBP Billion), 2013-2018
        • Table Lebanese Personal Accident Insurance - Loss Ratio (%), 2009-2013
        • Table Lebanese Personal Accident Insurance - Loss Ratio (%), 2013-2018
      • Non-life health insurance
        • Table Lebanese Non-Life Health Insurance - Gross Written Premium (LBP Billion), 2009-2013
        • Table Lebanese Non-Life Health Insurance - Gross Written Premium (LBP Billion), 2013-2018
        • Table Lebanese Non-Life Health Insurance - Direct Written Premium (LBP Billion), 2009-2013
        • Table Lebanese Non-Life Health Insurance - Direct Written Premium (LBP Billion), 2013-2018
        • Table Lebanese Non-Life Health Insurance - Loss Ratio (%), 2009-2013
        • Table Lebanese Non-Life Health Insurance - Loss Ratio (%), 2013-2018
        • Table Lebanese Non-Life Health Insurance - Retentions (LBP Billion), 2009-2013
        • Table Lebanese Non-Life Health Insurance - Retentions (LBP Billion), 2013-2018
        • Table Lebanese Non-Life Health Insurance - Number of Policies Sold (Thousand), 2009-2013
        • Table Lebanese Non-Life Health Insurance - Number of Policies Sold (Thousand), 2013-2018
  • Analysis by Distribution Channel
    • Direct Marketing
      • Table Lebanese Personal Accident and Health Insurance - Direct Marketing Commission Paid (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Direct Marketing Commission Paid (LBP Billion), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Gross Written Premium (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Gross Written Premium (LBP Billion), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2013-2018
    • Bancassurance
      • Table Lebanese Personal Accident and Health Insurance - Bancassurance Commission Paid (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Bancassurance Commission Paid (LBP Billion), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Gross Written Premium (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Gross Written Premium (LBP Billion), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Policies Sold Through Bancassurance (Thousand), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Policies Sold Through Bancassurance (Thousand), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2013-2018
    • Agencies
      • Table Lebanese Personal Accident and Health Insurance - Commission Paid to Agencies (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Commission Paid to Agencies (LBP Billion), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Gross Written Premium (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Gross Written Premium (LBP Billion), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Policies Sold Through Agencies (Thousand), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Policies Sold Through Agencies (Thousand), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Number of Agencies, 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Number of Agencies, 2013-2018
    • E-Commerce
      • Table Lebanese Personal Accident and Health Insurance - E-Commerce Commission Paid (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - E-Commerce Commission Paid (LBP Billion), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Gross Written Premium (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Gross Written Premium (LBP Billion), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Policies Sold Through E-Commerce (Thousand), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Policies Sold Through E-Commerce (Thousand), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Number of E-Commerce Distributors, 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Number of E-Commerce Distributors, 2013-2018
    • Brokers
      • Table Lebanese Personal Accident and Health Insurance - Commission Paid to Brokers (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Commission Paid to Brokers (LBP Billion), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Gross Written Premium (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Gross Written Premium (LBP Billion), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Policies Sold Through Brokers (Thousand), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Policies Sold Through Brokers (Thousand), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Number of Brokers, 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Number of Brokers, 2013-2018
    • Other Channels
      • Table Lebanese Personal Accident and Health Insurance - Commission Paid to Other Channels (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Commission Paid to Other Channels (LBP Billion), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Gross Written Premium (LBP Billion), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Gross Written Premium (LBP Billion), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2009-2013
      • Table Lebanese Personal Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2013-2018
      • Table Lebanese Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2009-2013
      • Table Lebanese Personal Accident and Health 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 Lebanese Personal Accident and Health Insurance Segment
      • Table Shares of Key Insurers in the Lebanese Personal Accident and Health Insurance Segment (%), 2013
    • Product portfolio of the Lebanese Personal Accident and Health Insurance companies
    • Comparison of the Top Five Insurers
      • Gross written premium
      • Gross claims
    • 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), 2010-2013
    • AXA M.E. SAL - Company Overview
      • AXA M.E. SAL - key facts
        • Table AXA M.E. SAL - Key Facts
      • AXA M.E. SAL - key financials
        • Table AXA M.E. 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
    • 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), 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
    • 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
    • Metlife Alico - Company Overview
      • Metlife Alico - key facts
        • Table Metlife Alico, Key Facts
      • Metlife Alico - key financials
        • Table Metlife Alico, Key Financials (LBP Million), 2010-2013
    • Cumberland Insurance and Reinsurance Company SAL - Company Overview
      • Cumberland Insurance and Reinsurance Company SAL - key facts
        • Table Cumberland Insurance and Reinsurance Company SAL - Key Facts
      • Cumberland Insurance and Reinsurance Company SAL - key financials
        • Table Cumberland Insurance and Reinsurance Company 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
    • 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
  • 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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