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The Insurance Industry in Lebanon, Key Trends and Opportunities to 2017 - Product Image

The Insurance Industry in Lebanon, Key Trends and Opportunities to 2017

  • ID: 2768054
  • February 2014
  • Region: Lebanon
  • 265 Pages
  • Timetric
Due to the Lebanese government’s liberal regulations, foreign insurers have a considerable presence in the country and have one of the most developed insurance industries in the Middle East region.

FEATURED COMPANIES

  • Allianz SNA
  • Arope Insurance
  • Medgulf SAL
  • MetLife Alico
  • MORE

The report provides in-depth industry analysis, information and insights of the insurance industry in Lebanon, including:

- The Lebanese insurance industry’s growth prospects by insurance segments and categories

- The competitive landscape in the Lebanese insurance industry

- The current trends and drivers of the Lebanese insurance industry

- Challenges facing the Lebanese insurance industry

- Detailed regulatory framework of the Lebanese insurance industry

- A benchmarking section on the Lebanese insurance industry in comparison to other countries in the Middle East region

Summary

Lebanon’s insurance industry is one of the most developed in the Middle East region. Foreign insurers have a considerable presence in the country’s insurance industry due to the government’s liberal regulatory regime. In terms of gross written premium, the industry posted a review-period (2008-2012) compound annual growth rate (CAGR) of 10.5%.

The gross written premium was equivalent to 3.13% as a percentage of GDP in 2012. The minimum paid-up capital required for insurers to operate in the Lebanese insurance industry READ MORE >

Due to the Lebanese government’s liberal regulations, foreign insurers have a considerable presence in the country and have one of the most developed insurance industries in the Middle East region.

FEATURED COMPANIES

  • Allianz SNA
  • Arope Insurance
  • Medgulf SAL
  • MetLife Alico
  • MORE

1 Executive Summary

2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 The Middle East Region Market Dynamics
3.1 Overview
3.1.1 Market Trends
3.1.2 Market Size
3.2 Life Insurance – Regional Benchmarking
3.2.1 Scale and Penetration
3.2.2 Growth
3.2.3 Efficiency and Risk
3.3 Non-Life Insurance – Regional Benchmarking
3.3.1 Scale and Penetration
3.3.2 Growth
3.3.3 Efficiency and Risk
3.4 Personal Accident and Health Insurance – Regional Benchmarking
3.4.1 Scale and Penetration
3.4.2 Growth
3.4.3 Efficiency and Risk

4 Lebanese Insurance Industry Overview
4.1 Lebanese Insurance Industry
4.2 Key Industry Trends and Drivers
4.3 Challenges

5 Life Insurance
5.1 Life Insurance Growth Prospects
5.1.1 Individual life insurance
5.1.2 Individual endowment insurance
5.1.3 Individual unit-linked insurance
5.2 Life Insurance Growth Prospects by Product Type
5.2.1 Individual single-premium policies
5.2.2 Individual non-single premium policies

6 Non-Life Insurance
6.1 Non-Life Insurance Growth Prospects
6.2 Property Insurance
6.2.1 Fire and allied perils insurance
6.2.2 Engineering insurance
6.2.3 Other property insurance
6.3 Motor Insurance
6.3.1 Motor hull
6.3.2 Motor third-party
6.4 General Liability Insurance
6.5 Transit insurance

7 Personal Accident and Health Insurance
7.1 Personal Accident and Health Insurance Growth Prospects
7.1.1 Personal accident insurance
7.1.2 Health insurance

8 Reinsurance

9 Analysis by Distribution Channel
9.1 Life Insurance
9.1.1 Direct marketing
9.1.2 Bancassurance
9.1.3 Agencies
9.1.4 E-Commerce
9.1.5 Brokers
9.1.6 Other channels
9.2 Non-Life Insurance
9.2.1 Direct marketing
9.2.2 Bancassurance
9.2.3 Agencies
9.2.4 E-Commerce
9.2.5 Brokers
9.2.6 Other channels
9.3 Personal Accident and Health Insurance
9.3.1 Direct marketing
9.3.2 Bancassurance
9.3.3 Agencies
9.3.4 E-Commerce
9.3.5 Brokers
9.3.6 Other channels

10 Governance, Risk and Compliance
10.1 Legislation Overview and Historical Evolution
10.2 Legislation Trends by Type of Insurance
10.2.1 Life insurance regulatory trends
10.2.2 Property insurance regulatory trends
10.2.3 Motor insurance regulatory trends
10.2.4 Liability insurance regulatory trends
10.2.5 Marine, aviation and transit insurance regulatory trends
10.2.6 Personal accident insurance regulatory trends
10.2.7 Health insurance regulatory trends
10.3 Compulsory Insurance
10.3.1 Compulsory motor third-party liability insurance
10.3.2 Compulsory work injury coverage
10.3.3 Universal health coverage scheme
10.4 Supervision and Control
10.4.1 International Association of Insurance Supervisors
10.4.2 Insurance Control Commission
10.5 Non-Admitted Insurance Regulatory Trends
10.5.1 Overview
10.5.2 Intermediaries
10.5.3 Market practices
10.5.4 Fines and penalties
10.6 Company Registration and Operations
10.6.1 Types of insurance organization
10.6.2 Establishing a local company
10.6.3 Foreign ownership
10.6.4 Types of license
10.6.5 Capital requirements
10.6.6 Solvency margins
10.6.7 Reserve requirements
10.6.8 Investment regulations
10.6.9 Statutory return requirements
10.6.10 Fee structure
10.7 Taxation
10.7.1 Insurance premium or policy taxation
10.7.2 Corporate tax
10.7.3 VAT
10.7.4 Captives
10.8 Legal System
10.8.1 Introduction
10.8.2 Access to court
10.8.3 Alternative dispute resolution (ADR)

11 Competitive Landscape
11.1 Overview
11.2 Leading Companies
11.2.1 MEDGULF S.A.L. – company overview
11.2.2 ALLIANZ SNA – company overview
11.2.3 MetLife ALICO – company overview
11.2.4 AROPE Insurance – company overview
11.2.5 Bankers Assurance – company overview

12 Economic Indicators
12.1 Market capitalization trend – Beirut Stock Exchange, Lebanon
12.2 GDP at constant prices (US$)
12.3 GDP per capita at constant prices (US$)
12.4 GDP at current prices (US$)
12.5 GDP per capita at current prices (US$)
12.6 Inflation rate
12.7 Exports as a percentage of GDP
12.8 Imports as a percentage of GDP
12.9 Total internet subscribers
12.1 Labor force
12.11 Total population
12.12 Urban and rural population

13 Appendix
13.1 Methodology
13.2 Contact
13.3 About
13.4 Services
13.5 Disclaimer

List of Tables

Table 1: Insurance Industry Definitions
Table 2: Middle East Region – Insurance Penetration (% of GDP), 2011
Table 3: Middle East Region – Life Expectancy, 2000 and 2012
Table 4: Lebanese Insurance Overall Written Premium by Segment (LBP Billion), 2008–2012
Table 5: Lebanese Insurance Overall Written Premium by Segment (US$ Million), 2008–2012
Table 6: Lebanese Insurance Overall Written Premium by Segment (LBP Billion), 2012–2017
Table 7: Lebanese Insurance Overall Written Premium by Segment (US$ Million), 2012–2017
Table 8: Lebanese Insurance Segmentation (Percentage Share), 2008–2017
Table 9: Lebanese Life Insurance – Written Premium by Category (LBP Billion), 2008–2012
Table 10: Lebanese Life Insurance – Written Premium by Category (US$ Million), 2008–2012
Table 11: Lebanese Life Insurance – Written Premium by Category (LBP Billion), 2012–2017
Table 12: Lebanese Life Insurance – Written Premium by Category (US$ Million), 2012–2017
Table 13: Lebanese Life Insurance – Earned Premium (LBP Billion), 2008–2012
Table 14: Lebanese Life Insurance – Earned Premium (LBP Billion), 2012–2017
Table 15: Lebanese Life Insurance – Sum Assured (LBP Brillion), 2008–2012
Table 16: Lebanese Life Insurance – Sum Assured (LBP Billion), 2012–2017
Table 17: Lebanese Life Insurance – Paid Claims (LBP Billion), 2008–2012
Table 18: Lebanese Life Insurance – Paid Claims (LBP Billion), 2012–2017
Table 19: Lebanese Life Insurance – Incurred Loss (LBP Billion), 2008–2012
Table 20: Lebanese Life Insurance – Incurred Loss (LBP Billion), 2012–2017
Table 21: Lebanese Life Insurance – Loss Ratio (%), 2008–2012
Table 22: Lebanese Life Insurance – Loss Ratio (%), 2012–2017
Table 23: Lebanese Life Insurance – Commissions and Expenses (LBP Billion), 2008–2012
Table 24: Lebanese Life Insurance – Commissions and Expenses (LBP Billion), 2012–2017
Table 25: Lebanese Life Insurance – Combined Ratio (%), 2008–2012
Table 26: Lebanese Life Insurance – Combined Ratio (%), 2012–2017
Table 27: Lebanese Life Insurance – Total Assets (LBP Billion), 2008–2012
Table 28: Lebanese Life Insurance – Total Assets (LBP Billion), 2012–2017
Table 29: Lebanese Life Insurance – Total Investment Income (LBP Billion), 2008–2012
Table 30: Lebanese Life Insurance – Total Investment Income (LBP Billion), 2012–2017
Table 31: Lebanese Life Insurance – Retentions (LBP Billion), 2008–2012
Table 32: Lebanese Life Insurance – Retentions (LBP Billion), 2012–2017
Table 33: Lebanese Individual Life Insurance – Written Premium (LBP Billion), 2008–2012
Table 34: Lebanese Individual Life Insurance – Written Premium (LBP Billion), 2012–2017
Table 35: Lebanese Individual Endowment – Written Premium (LBP Billion), 2008–2012
Table 36: Lebanese Individual Endowment – Written Premium (LBP Billion), 2012–2017
Table 37: Lebanese Individual Unit-linked Insurance – Written Premium (LBP Billion), 2008–2012
Table 38: Lebanese Individual Unit-linked Insurance – Written Premium (LBP Billion), 2012–2017
Table 39: Lebanese Individual Single-Premium – Written Premium (LBP Billion), 2008–2012
Table 40: Lebanese Individual Single-Premium – Written Premium (LBP Billion), 2012–2017
Table 41: Lebanese Individual Non-Single-Premium – Written Premium (LBP Billion), 2008–2012
Table 42: Lebanese Individual Non-Single-Premium – Written Premium (LBP Billion), 2012–2017
Table 43: Lebanese Non-Life Insurance – Written Premium by Category (LBP Billion), 2008–2012
Table 44: Lebanese Non-Life Insurance – Written Premium by Category (US$ Million), 2008–2012
Table 45: Lebanese Non-Life Insurance – Written Premium by Category (LBP Billion), 2012–2017
Table 46: Lebanese Non-Life Insurance – Written Premium by Category (US$ Million), 2012–2017
Table 47: Lebanese Non-Life Insurance – Earned Premium (LBP Billion), 2008–2012
Table 48: Lebanese Non-Life Insurance – Earned Premium (LBP Billion), 2012–2017
Table 49: Lebanese Non-Life Insurance – Paid Claims by Category (LBP Billion), 2008–2012
Table 50: Lebanese Non-Life Insurance – Paid Claims by Category (US$ Million), 2008–2012
Table 51: Lebanese Non-Life Insurance – Paid Claims by Category (LBP Billion), 2012–2017
Table 52: Lebanese Non-Life Insurance – Paid Claims by Category (US$ Million), 2012–2017
Table 53: Lebanese Non-Life Insurance – Incurred Loss by Category (LBP Billion), 2008–2012
Table 54: Lebanese Non-Life Insurance – Incurred Loss by Category (US$ Million), 2008–2012
Table 55: Lebanese Non-Life Insurance – Incurred Loss by Category (LBP Billion), 2012–2017
Table 56: Lebanese Non-Life Insurance – Incurred Loss by Category (US$ Million), 2012–2017
Table 57: Lebanese Non-Life Insurance – Loss Ratio (%), 2008–2012
Table 58: Lebanese Non-Life Insurance – Loss Ratio (%), 2012–2017
Table 59: Lebanese Non-Life Insurance – Commission and Expenses (LBP Billion), 2008–2012
Table 60: Lebanese Non-Life Insurance – Commission and Expenses (LBP Billion), 2012–2017
Table 61: Lebanese Non-Life Insurance – Combined Ratio (%), 2008–2012
Table 62: Lebanese Non-Life Insurance – Combined Ratio (%), 2012–2017
Table 63: Lebanese Non-Life Insurance – Total Assets (LBP Billion), 2008–2012
Table 64: Lebanese Non-Life Insurance – Total Assets (LBP Billion), 2012–2017
Table 65: Lebanese Non-Life Insurance – Total Investment Income (LBP Billion), 2008–2012
Table 66: Lebanese Non-Life Insurance – Total Investment Income (LBP Billion), 2012–2017
Table 67: Lebanese Non-Life Insurance – Retentions (LBP Billion), 2008–2012
Table 68: Lebanese Non-Life Insurance – Retentions (LBP Billion), 2012–2017
Table 69: Lebanese Property Insurance – Written Premium by Sub-Category (LBP Billion), 2008–2012
Table 70: Lebanese Property Insurance – Written Premium by Sub-Category (US$ Million), 2008–2012
Table 71: Lebanese Property Insurance – Written Premium by Sub-Category (LBP Billion), 2012–2017
Table 72: Lebanese Property Insurance – Written Premium by Sub-Category (US$ Million), 2012–2017
Table 73: Lebanese Fire and Allied Perils Insurance – Written Premium (LBP Billion), 2008–2012
Table 74: Lebanese Fire and Allied Perils Insurance – Written Premium (LBP Billion), 2012–2017
Table 75: Lebanese Engineering Insurance – Written Premium (LBP Billion), 2008–2012
Table 76: Lebanese Engineering Insurance – Written Premium (LBP Billion), 2012–2017
Table 77: Lebanese Other Property Insurance – Written Premium (LBP Billion), 2008–2012
Table 78: Lebanese Other Property Insurance – Written Premium (LBP Billion), 2012–2017
Table 79: Lebanese Motor Insurance – Written Premium by Sub-Category (LBP Billion), 2008–2012
Table 80: Lebanese Motor Insurance – Written Premium by Sub-Category (US$ Million), 2008–2012
Table 81: Lebanese Motor Insurance – Written Premium by Sub-Category (LBP Billion), 2012–2017
Table 82: Lebanese Motor Insurance – Written Premium by Sub-Category (US$ Million), 2012–2017
Table 83: Lebanese Motor Hull Insurance – Written Premium (LBP Billion), 2008–2012
Table 84: Motor Hull Insurance – Written Premium (LBP Billion), 2012–2017
Table 85: Lebanese Motor Third-Party Insurance – Written Premium (LBP Billion), 2008–2012
Table 86: Lebanese Motor Third-Party Insurance – Written Premium (LBP Billion), 2012–2017
Table 87: Lebanese General Liability Insurance – Written Premium (LBP Billion), 2008–2012
Table 88: Lebanese General Liability Insurance – Written Premium (LBP Billion), 2012–2017
Table 89: Lebanese Transit Insurance – Written Premium (LBP Billion), 2008–2012
Table 90: Transit Insurance – Written Premium (LBP Billion), 2012–2017
Table 91: Lebanese Personal Accident and Health Insurance – Written Premium by Category (LBP Billion), 2008–2012
Table 92: Lebanese Personal Accident and Health Insurance – Written Premium by Category (US$ Million), 2008–2012
Table 93: Lebanese Personal Accident and Health Insurance – Written Premium by Category (LBP Billion), 2012–2017
Table 94: Lebanese Personal Accident and Health Insurance – Written Premium by Category (US$ Million), 2012–2017
Table 95: Lebanese Personal Accident and Health Insurance – Earned Premium (LBP Billion), 2008–2012
Table 96: Lebanese Personal Accident and Health Insurance – Earned Premium (LBP Billion), 2012–2017
Table 97: Lebanese Personal Accident and Health Insurance – Paid Claims by Category (LBP Billion), 2008–2012
Table 98: Lebanese Personal Accident and Health Insurance – Paid Claims by Category (US$ Million), 2008–2012
Table 99: Lebanese Personal Accident and Health Insurance – Paid Claims by Category (LBP Billion), 2012–2017
Table 100: Lebanese Personal Accident and Health Insurance – Paid Claims by Category (US$ Million), 2012–2017
Table 101: Lebanese Personal Accident and Health Insurance – Incurred Loss by Category (LBP Billion), 2008–2012
Table 102: Lebanese Personal Accident and Health Insurance – Incurred Loss by Category (US$ Million), 2008–2012
Table 103: Lebanese Personal Accident and Health Insurance – Incurred Loss by Category (LBP Billion), 2012–2017
Table 104: Lebanese Personal Accident and Health Insurance – Incurred Loss by Category (US$ Million), 2012–2017
Table 105: Lebanese Personal Accident and Health Insurance – Commission and Expenses (LBP Billion), 2008–2012
Table 106: Lebanese Personal Accident and Health Insurance – Commission and Expenses (LBP Billion), 2012–2017
Table 107: Lebanese Personal Accident and Health Insurance – Combined Ratio (%), 2008–2012
Table 108: Lebanese Personal Accident and Health Insurance – Combined Ratio (%), 2012–2017
Table 109: Lebanese Personal Accident and Health Insurance – Total Assets (LBP Billion), 2008–2012
Table 110: Lebanese Personal Accident and Health Insurance – Total Assets (LBP Billion), 2012–2017
Table 111: Lebanese Personal Accident and Health Insurance – Total Investment Income (LBP Billion), 2008–2012
Table 112: Lebanese Personal Accident and Health Insurance – Total Investment Income (LBP Billion), 2012–2017
Table 113: Lebanese Personal Accident and Health Insurance – Retentions (LBP Billion), 2008–2012
Table 114: Lebanese Personal Accident and Health Insurance – Retentions (LBP Billion), 2012–2017
Table 115: Lebanese Personal Accident Insurance – Written Premium (LBP Billion), 2008–2012
Table 116: Lebanese Personal Accident Insurance – Written Premium (LBP Billion), 2012–2017
Table 117: Lebanese Health Insurance – Written Premium (LBP Billion), 2008–2012
Table 118: Lebanese Health Insurance – Written Premium (LBP Billion), 2012–2017
Table 119: Lebanese Premium Ceded to Reinsurance by Type of Insurance (LBP Billion), 2008–2012
Table 120: Lebanese Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2008–2012
Table 121: Lebanese Premium Ceded to Reinsurance by Type of Insurance (LBP Billion), 2012–2017
Table 122: Lebanese Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2012–2017
Table 123: Lebanese Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Table 124: Lebanese Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Table 125: Lebanese Non-Life Insurance – Percentage of Reinsurance Ceded, 2008–2012
Table 126: Lebanese Non-Life Insurance – Percentage of Reinsurance Ceded, 2012–2017
Table 127: Lebanese Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Table 128: Lebanese Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Table 129: Lebanese Life Insurance – New Business Written Premium Through Direct Marketing (LBP Billion), 2008–2012
Table 130: Lebanese Life Insurance – New Business Written Premium Through Direct Marketing (LBP Billion), 2012–2017
Table 131: Lebanese Life Insurance – New Business Written Premium Through Bancassurance (LBP Billion), 2008–2012
Table 132: Lebanese Life Insurance – New Business Written Premium Through Bancassurance (LBP Billion), 2012–2017
Table 133: Lebanese Life Insurance – New Business Written Premium Through Agencies (LBP Billion), 2008–2012
Table 134: Lebanese Life Insurance – New Business Written Premium Through Agencies (LBP Billion), 2012–2017
Table 135: Lebanese Life Insurance – New Business Written Premium Through E-Commerce (LBP Billion), 2008–2012
Table 136: Lebanese Life Insurance – New Business Written Premium Through E-Commerce (LBP Billion), 2012–2017
Table 137: Lebanese Life Insurance – New Business Written Premium Through Brokers (LBP Billion), 2008–2012
Table 138: Lebanese Life Insurance – New Business Written Premium Through Brokers (LBP Billion), 2012–2017
Table 139: Lebanese Life Insurance – New Business Written Premium Through Other Channels (LBP Billion), 2008–2012
Table 140: Lebanese Life Insurance – New Business Written Premium Through Other Channels (LBP Billion), 2012–2017
Table 141: Lebanese Non-Life Insurance – Written Premium Through Direct Marketing (LBP Billion), 2008–2012
Table 142: Lebanese Non-Life Insurance – Written Premium Through Direct Marketing (LBP Billion), 2012–2017
Table 143: Lebanese Non-Life Insurance – Written Premium Through Bancassurance (LBP Billion), 2008–2012
Table 144: Lebanese Non-Life Insurance – Written Premium Through Bancassurance (LBP Billion), 2012–2017
Table 145: Lebanese Non-Life Insurance – Written Premium Through Agencies (LBP Billion), 2008–2012
Table 146: Lebanese Non-Life Insurance – Written Premium Through Agencies (LBP Billion), 2012–2017
Table 147: Lebanese Non-Life Insurance – Written Premium Through E-Commerce (LBP Billion), 2008–2012
Table 148: Lebanese Non-Life Insurance – Written Premium Through E-Commerce (LBP Billion), 2012–2017
Table 149: Lebanese Non-Life Insurance – Written Premium Through Brokers (LBP Billion), 2008–2012
Table 150: Lebanese Non-Life Insurance – Written Premium Through Brokers (LBP Billion), 2012–2017
Table 151: Lebanese Non-Life Insurance – Written Premium Through Other Channels (LBP Billion), 2008–2012
Table 152: Lebanese Non-Life Insurance – Written Premium Through Other Channels (LBP Billion), 2012–2017
Table 153: Lebanese Personal Accident and Health Insurance – Written Premium Through Direct Marketing (LBP Billion), 2008–2012
Table 154: Lebanese Personal Accident and Health Insurance – Written Premium Through Direct Marketing (LBP Billion), 2012–2017
Table 155: Lebanese Personal Accident and Health Insurance – Written Premium Through Bancassurance (LBP Billion), 2008–2012
Table 156: Lebanese Personal Accident and Health Insurance – Written Premium Through Bancassurance (LBP Billion), 2012–2017
Table 157: Lebanese Personal Accident and Health Insurance – Written Premium Through Agencies (LBP Billion), 2008–2012
Table 158: Lebanese Personal Accident and Health Insurance – Written Premium Through Agencies (LBP Billion), 2012–2017
Table 159: Lebanese Personal Accident and Health Insurance – Written Premium Through E-Commerce (LBP Billion), 2008–2012
Table 160: Lebanese Personal Accident and Health Insurance – Written Premium Through E-Commerce (LBP Billion), 2012–2017
Table 161: Lebanese Personal Accident and Health Insurance – Written Premium Through Brokers (LBP Billion), 2008–2012
Table 162: Lebanese Personal Accident and Health Insurance – Written Premium Through Brokers (LBP Billion), 2012–2017
Table 163: Lebanese Personal Accident and Health Insurance – Written Premium Through Other Channels (LBP Billion), 2008–2012
Table 164: Lebanese Personal Accident and Health Insurance – Written Premium Through Other Channels (LBP Billion), 2012–2017
Table 165: Lebanon – Life Insurance Regulatory Framework
Table 166: Lebanon – Property Insurance Regulatory Framework
Table 167: Lebanon – Motor Insurance Regulatory Framework
Table 168: Lebanon – Third-Party Liability Cover Limits
Table 169: Lebanon – Amendment of Deemed Profit Rates
Table 170: Lebanon – Corporate Tax Rates for the Financial Year 2013
Table 171: Lebanese Life Insurance Market Shares, 2012
Table 172: Lebanese Non-Life Insurance Market Shares, 2012
Table 173: MEDGULF Group, Main Products
Table 174: Allianz SNA, Main Products
Table 175: Allianz SNA, Key Employee
Table 176: MetLife ALICO, Main Products
Table 177: AROPE, Main Products
Table 178: AROPE, Key Employees
Table 179: Bankers Assurance, Main Products
Table 180: Bankers Assurance, Key Employees

List of Figures

Figure 1: Middle East Region – Economies and Populations, 2011
Figure 2: Middle East Region – Growth Trends in the Insurance Industry
Figure 3: Middle East Region – Total Insurance Industry by Type of Insurance (US$ Billion), 2011
Figure 4: Middle East Comparison – Life Insurance Segment Gross Written Premium (US$ Billion), 2011
Figure 5: Middle East Comparison – Life Insurance Premium Per Capita (US$), 2011
Figure 6: Middle East Comparison – Life Insurance Penetration (% of GDP), 2011 and 2016
Figure 7: Middle East Comparison – Life Insurance Gross Written Premium Growth (%), 2007–2016
Figure 8: Middle East Comparison – Life Insurance Gross Written Premium Per Capita Growth (%), 2007–2016
Figure 9: Middle East Comparison – Life Insurance Loss Ratio (%), 2011 and 2016
Figure 10: Middle East Comparison – Life Insurance Combined Ratio (%), 2011 and 2016
Figure 11: Middle East Comparison – Life Insurance Incurred Losses Per Capita (US$), 2011 and 2016
Figure 12: Middle East Comparison – Life Insurance Incurred Losses as a share of GDP (%), 2011 and 2016
Figure 13: Middle East Comparison – Non-Life Insurance Segment Gross Written Premium (US$ Billion), 2011
Figure 14: Middle East Comparison – Non-Life Insurance Premium Per Capita (US$), 2011
Figure 15: Middle East Comparison – Non-Life Insurance Penetration (% of GDP), 2011 and 2016
Figure 16: Middle East Comparison – Non-Life Insurance Gross Written Premium Growth (%), 2007–2016
Figure 17: Middle East Comparison – Non-Life Insurance Gross Written Premium Per Capita Growth (%), 2007–2016
Figure 18: Middle East Comparison – Non-Life Insurance Loss Ratio (%), 2011 and 2016
Figure 19: Middle East Comparison – Non-Life Insurance Combined Ratio (%), 2011 and 2016
Figure 20: Middle East Comparison – Non-Life Insurance Incurred Losses Per Capita (US$), 2011 and 2016
Figure 21: Middle East Comparison – Non-Life Insurance Incurred Losses Per GDP (%), 2011 and 2016
Figure 22: Middle East Comparison – Personal Accident and Health Insurance Segment Gross Written Premium (US$ Billion), 2011
Figure 23: Middle East Comparison – Personal Accident and Health Insurance Premium Per Capita (US$), 2011
Figure 24: Middle East Comparison – Personal Accident and Health Insurance Penetration (% of GDP), 2011 and 2016
Figure 25: Middle East Comparison – Personal Accident and Health Insurance Gross Written Premium Growth (%), 2007–2016
Figure 26: Middle East Comparison – Personal Accident and Health Insurance Gross Written Premium Per Capita Growth (%), 2007–2016
Figure 27: Middle East Comparison – Personal Accident and Health Insurance Loss Ratio (%), 2011 and 2016
Figure 28: Middle East Comparison – Personal Accident and Health Insurance Incurred Losses Per Capita (US$), 2011 and 2016
Figure 29: Middle East Comparison – Personal Accident and Health Insurance Incurred Losses as a Share of GDP (%), 2011 and 2016
Figure 30: Lebanese Insurance – Overall Written Premium by Segment (LBP Billion), 2008–2017
Figure 31: Lebanese Insurance – Dynamics by Segment, 2008–2017
Figure 32: Lebanese Life Insurance – Written Premium by Category (LBP Billion), 2008–2017
Figure 33: Lebanese Life Insurance – Written Premium by Category (% Share), 2012 and 2017
Figure 34: Lebanese Life Insurance – Dynamics by Category, 2008–2017
Figure 35: Lebanese Life Insurance – Earned Premium (LBP Billion), 2008–2012
Figure 36: Lebanese Life Insurance – Earned Premium (LBP Billion), 2012–2017
Figure 37: Lebanese Life Insurance – Sum Assured (LBP Brillion), 2008–2012
Figure 38: Lebanese Life Insurance – Sum Assured (LBP Billion), 2012–2017
Figure 39: Lebanese Life Insurance – Paid Claims (LBP Billion), 2008–2012
Figure 40: Lebanese Life Insurance – Paid Claims (LBP Billion), 2012–2017
Figure 41: Lebanese Life Insurance – Incurred Loss (LBP Billion), 2008–2012
Figure 42: Lebanese Life Insurance – Incurred Loss (LBP Billion), 2012–2017
Figure 43: Lebanese Life Insurance – Loss Ratio (%), 2008–2012
Figure 44: Lebanese Life Insurance – Loss Ratio (%), 2012–2017
Figure 45: Lebanese Life Insurance – Commissions and Expenses (LBP Billion), 2008–2012
Figure 46: Lebanese Life Insurance – Commissions and Expenses (LBP Billion), 2012–2017
Figure 47: Lebanese Life Insurance – Combined Ratio (%), 2008–2012
Figure 48: Lebanese Life Insurance – Combined Ratio (%), 2012–2017
Figure 49: Lebanese Life Insurance – Total Assets (LBP Billion), 2008–2012
Figure 50: Lebanese Life Insurance – Total Assets (LBP Billion), 2012–2017
Figure 51: Lebanese Life Insurance – Total Investment Income (LBP Billion), 2008–2012
Figure 52: Lebanese Life Insurance – Total Investment Income (LBP Billion), 2012–2017
Figure 53: Lebanese Life Insurance – Retentions (LBP Billion), 2008–2012
Figure 54: Lebanese Life Insurance – Retentions (LBP Billion), 2012–2017
Figure 55: Lebanese Life Insurance – Penetration (%), 2008–2012
Figure 56: Lebanese Life Insurance – Premium Per-capita (LBP), 2008–2012
Figure 57: Lebanese Individual Life Insurance – Written Premium (LBP Billion), 2008–2012
Figure 58: Lebanese Individual Life Insurance – Written Premium (LBP Billion), 2012–2017
Figure 59: Lebanese Individual Endowment – Written Premium (LBP Billion), 2008–2012
Figure 60: Lebanese Individual Endowment – Written Premium (LBP Billion), 2012–2017
Figure 61: Lebanese Individual Unit-linked Insurance – Written Premium (LBP Billion), 2008–2012
Figure 62: Lebanese Individual Unit-linked Insurance – Written Premium (LBP Billion), 2012–2017
Figure 63: Lebanese Individual Single-Premium – Written Premium (LBP Billion), 2008–2012
Figure 64: Lebanese Individual Single-Premium – Written Premium (LBP Billion), 2012–2017
Figure 65: Lebanese Individual Non-Single-Premium – Written Premium (LBP Billion), 2008–2012
Figure 66: Lebanese Individual Non-Single-Premium – Written Premium (LBP Billion), 2012–2017
Figure 67: Lebanese Non-Life Insurance – Written Premium by Category (LBP Billion), 2008–2017
Figure 68: Lebanese Non-Life Insurance – Written Premium by Category (% Share), 2012 and 2017
Figure 69: Lebanese Non-Life Insurance – Dynamics by Category (%), 2008–2017
Figure 70: Lebanese Non-Life Insurance – Earned Premium (LBP Billion), 2008–2012
Figure 71: Lebanese Non-Life Insurance – Earned Premium (LBP Billion), 2012–2017
Figure 72: Lebanese Non-Life Insurance – Paid Claims by Category (LBP Billion), 2008–2017
Figure 73: Lebanese Non-Life Insurance – Incurred Loss by Category (LBP Billion), 2008–2017
Figure 74: Lebanese Non-Life Insurance – Loss Ratio (%), 2008–2012
Figure 75: Lebanese Non-Life Insurance – Loss Ratio (%), 2012–2017
Figure 76: Lebanese Non-Life Insurance – Commission and Expenses (LBP Billion), 2008–2012
Figure 77: Lebanese Non-Life Insurance – Commission and Expenses (LBP Billion), 2012–2017
Figure 78: Lebanese Non-Life Insurance – Combined Ratio (%), 2008–2012
Figure 79: Lebanese Non-Life Insurance – Combined Ratio (%), 2012–2017
Figure 80: Lebanese Non-Life Insurance – Total Assets (LBP Billion), 2008–2012
Figure 81: Lebanese Non-Life Insurance – Total Assets (LBP Billion), 2012–2017
Figure 82: Lebanese Non-Life Insurance – Total Investment Income (LBP Billion), 2008–2012
Figure 83: Lebanese Non-Life Insurance – Total Investment Income (LBP Billion), 2012–2017
Figure 84: Lebanese Non-Life Insurance – Retentions (LBP Billion), 2008–2012
Figure 85: Lebanese Non-Life Insurance – Retentions (LBP Billion), 2012–2017
Figure 86: Lebanese Non-Life Insurance – Penetration (% of GDP), 2008–2012
Figure 87: Lebanese Non-Life Insurance – Premium Per Capita (LBP), 2008–2012
Figure 88: Lebanese Property Insurance – Written Premium by Sub-Category (LBP Billion), 2008–2017
Figure 89: Lebanese Property Insurance – Dynamics by Sub-Category (%), 2008–2017
Figure 90: Lebanese Fire and Allied Perils Insurance – Written Premium (LBP Billion), 2008–2012
Figure 91: Lebanese Fire and Allied Perils Insurance – Written Premium (LBP Billion), 2012–2017
Figure 92: Lebanese Engineering Insurance – Written Premium (LBP Billion), 2008–2012
Figure 93: Lebanese Engineering Insurance – Written Premium (LBP Billion), 2012–2017
Figure 94: Lebanese Other Property Insurance – Written Premium (LBP Billion), 2008–2012
Figure 95: Lebanese Other Property Insurance – Written Premium (LBP Billion), 2012–2017
Figure 96: Lebanese Motor Insurance – Written Premium by Sub-Category (LBP Billion), 2008–2017
Figure 97: Lebanese Motor Insurance – Dynamics by Sub-Category, 2008–2017
Figure 98: Lebanese Motor Hull Insurance – Written Premium (LBP Billion), 2008–2012
Figure 99: Lebanese Motor Hull Insurance – Written Premium (LBP Billion), 2012–2017
Figure 100: Lebanese Motor Third-Party Insurance – Written Premium (LBP Billion), 2008–2012
Figure 101: Lebanese Motor Third-Party Insurance – Written Premium (LBP Billion), 2012–2017
Figure 102: Lebanese General Liability Insurance – Written Premium (LBP Billion), 2008–2012
Figure 103: Lebanese General Liability Insurance – Written Premium (LBP Billion), 2012–2017
Figure 104: Lebanese Transit Insurance – Written Premium (LBP Billion), 2008–2012
Figure 105: Lebanese Transit Insurance – Written Premium (LBP Billion), 2012–2017
Figure 106: Lebanese Personal Accident and Health Insurance – Written Premium by Category (LBP Billion), 2008–2017
Figure 107: Lebanese Personal Accident and Health Insurance – Written Premium by Category (% Share), 2012 and 2017
Figure 108: Lebanese Personal Accident and Health Insurance – Dynamics by Category, 2008–2017
Figure 109: Lebanese Personal Accident and Health Insurance – Earned Premium (LBP Million), 2008–2012
Figure 110: Lebanese Personal Accident and Health Insurance – Earned Premium (LBP Billion), 2012–2017
Figure 111: Lebanese Personal Accident and Health Insurance – Paid Claims by Category (LBP Billion), 2008–2017
Figure 112: Lebanese Personal Accident and Health Insurance – Incurred Loss by Category (LBP Billion), 2008–2017
Figure 113: Lebanese Personal Accident and Health Insurance – Commission and Expenses (LBP Billion), 2008–2012
Figure 114: Lebanese Personal Accident and Health Insurance – Commission and Expenses (LBP Billion), 2012–2017
Figure 115: Lebanese Personal Accident and Health Insurance – Combined Ratio (%), 2008–2012
Figure 116: Lebanese Personal Accident and Health Insurance – Combined Ratio (%), 2012–2017
Figure 117: Lebanese Personal Accident and Health Insurance – Total Assets (LBP Billion), 2008–2012
Figure 118: Lebanese Personal Accident and Health Insurance – Total Assets (LBP Billion), 2012–2017
Figure 119: Lebanese Personal Accident and Health Insurance – Total Investment Income (LBP Billion), 2008–2012
Figure 120: Lebanese Personal Accident and Health Insurance – Total Investment Income (LBP Billion), 2012–2017
Figure 121: Lebanese Personal Accident and Health Insurance – Retentions (LBP Billion), 2008–2012
Figure 122: Lebanese Personal Accident and Health Insurance – Retentions (LBP Billion), 2012–2017
Figure 123: Lebanese Personal Accident and Health Insurance Penetration (% of GDP), 2008–2012
Figure 124: Lebanese Personal Accident and Health Insurance – Premium Per Capita (LBP), 2008–2012
Figure 125: Lebanese Personal Accident Insurance – Written Premium (LBP Billion), 2008–2012
Figure 126: Lebanese Personal Accident Insurance – Written Premium (LBP Billion), 2012–2017
Figure 127: Lebanese Health Insurance – Written Premium (LBP Billion), 2008–2012
Figure 128: Lebanese Health Insurance – Written Premium (LBP Billion), 2012–2017
Figure 129: Lebanese Premium Ceded to Reinsurance by Type of Insurance (LBP Billion), 2008–2017
Figure 130: Lebanese Reinsurance – Dynamics by Type of Insurance (%), 2008–2017
Figure 131: Lebanese Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 132: Lebanese Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 133: Lebanese Non-Life Insurance – Percentage of Reinsurance Ceded, 2008–2012
Figure 134: Lebanese Non-Life Insurance – Percentage of Reinsurance Ceded, 2012–2017
Figure 135: Lebanese Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 136: Lebanese Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 137: Lebanese Life Insurance – New Business Written Premium Through Direct Marketing (LBP Billion), 2008–2012
Figure 138: Lebanese Life Insurance – New Business Written Premium Through Direct Marketing (LBP Billion), 2012–2017

Due to the Lebanese government’s liberal regulations, foreign insurers have a considerable presence in the country and have one of the most developed insurance industries in the Middle East region.

- Allianz SNA
- Arope Insurance
- Bankers Assurance (Bankers)
- Medgulf SAL
- MetLife Alico

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