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Synopsis
Timetric’s 'The Insurance Industry in Syria, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Syrian insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Syrian economy and demographics, 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 'The Insurance Industry in Syria, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Syrian insurance industry, including:

- The Syrian insurance industry's growth prospects by segment and category

- A comprehensive overview of the Syrian economy and demographics

- details of the competitive landscape in the Syrian insurance industry

- The various distribution channels in the Syrian insurance industry

- Details of regulatory policy applicable to the Syrian insurance industry

- Analysis of natural hazards in the Syrian insurance industry

Scope
This report provides a comprehensive analysis of the insurance industry in Syria:

- It provides historical values for the Syrian insurance industry for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

- It offers a detailed analysis of the key segments in the Syrian insurance industry, and market forecasts to 2019.

- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.

- It analyzes the various distribution channels in Syria.

- It profiles the top insurance companies in Syria, 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 Syrian insurance industry and each segment and category within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the Syrian insurance industry.

- Assess the competitive dynamics in the Syrian insurance industry.

- Identify growth opportunities and market dynamics in key segments.

- Gain insights into key regulations governing the Syrian insurance industry, and their impact on companies and the industry's future.

Key Highlights
- The personal accident and health insurance segment posted a review period (2010–2014) compound annual growth rate (CAGR) of 11.1%.

- To minimize operating expenses and increase coverage, insurers are focusing on alternate distribution channels such as bancassurance to distribute insurance products.

- In August 2015, Arab Union Reinsurance Company signed an agreement with the Syrian General Organization for Insurance (SGOI) to cover transport risks (including land, sea and air) till December 31, 2016.

- According to SISC, the commissions paid by the insurers to reinsurers increased annually by 21.6% in 2014.

Table Of Contents

The Insurance Industry in Syria, Key Trends and Opportunities to 2019
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Syrian Insurance Industry Overview
5 Industry Segmentation
5.1 Life Insurance
5.1.1 Individual Life Insurance
5.2 Life Insurance by Category
5.2.1 Individual whole life insurance
5.2.2 Individual pension insurance
5.2.3 Individual other insurance
5.2.4 Group whole life insurance
5.3 Non-Life Insurance
5.3.1 Property insurance
5.3.2 Motor insurance
5.3.3 Liability insurance
5.3.4 Marine, aviation and transit insurance
5.4 Personal Accident and Health Insurance
5.4.1 Personal accident insurance
5.4.2 Health insurance
5.5 Reinsurance
6 Natural Hazards
6.1 Floods
6.2 Droughts
6.3 Landslide
6.4 Exposure
7 Competitive Landscape
7.1 Overview
7.2 Leading Companies
7.2.1 Alianza Compañia de Seguros y Reaseguros SA EMA - company overview
7.2.2 BISA Seguros Y Reaseguros SA - company overview
7.2.3 La Syriana Ciacruz de Seguros y Reaseguros SA - company overview
7.2.4 Seguros y Reaseguros Credinform International SA - company overview
7.2.5 Nacional Vida Seguros de Personas SA - company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulations
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Motor third-party liability insurance
8.4.2 Workers' compensation
8.5 Supervision and Control
8.5.1 Association of Insurance Supervisors Latin America
8.5.2 Authority of Supervision and Control for Pension and Insurance
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and penalties
8.7 Company Registration and Operations
8.7.1 Types of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margins
8.7.7 Reserve requirement
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
9 Definitions and Methodology
9.1 What is this Report About?
9.2 Definitions
9.3 Methodology
10 Appendix
10.1 Methodology
10.2 Contact Timetric
10.3 About Timetric
10.4 Timetric's Services
10.5 Disclaimer

List of Tables
Table 1: Syrian Insurance Industry - Key Facts
Table 2: Insurance Industry Definitions
Table 3: Syrian Insurance - Gross Written Premium by Segment (SYP Billion), 2010-2014
Table 4: Syrian Insurance - Gross Written Premium by Segment (US$ Million), 2010-2014
Table 5: Syrian Insurance - Gross Written Premium by Segment (SYP Billion), 2014-2019
Table 6: Syrian Insurance - Gross Written Premium by Segment (US$ Million), 2014-2019
Table 7: Syrian Insurance - Segmentation by Gross Written Premium (% Share), 2010-2019
Table 8: Syrian Life Insurance - Gross Written Premium (SYP Million), 2010-2014
Table 9: Syrian Life Insurance - Gross Written Premium (SYP Billion), 2014-2019
Table 10: Syrian Life Insurance - Direct Written Premium (SYP Million), 2010-2014
Table 11: Syrian Life Insurance - Direct Written Premium (SYP Million), 2014-2019
Table 12: Syrian Life Insurance - Paid Claims (SYP Million), 2010-2014
Table 13: Syrian Life Insurance - Paid Claims (SYP Million), 2014-2019
Table 14: Syrian Life Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2010-2014
Table 15: Syrian Life Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2010-2014 (%), 2014-2019
Table 16: Syrian Life Insurance - Total Assets (SYP Million), 2010-2014
Table 17: Syrian Life Insurance - Total Assets (SYP Million), 2014-2019
Table 18: Syrian Life Insurance - Net Written Premium (SYP Million), 2010-2014
Table 19: Syrian Life Insurance - Net Written Premium (SYP Billion), 2014-2019
Table 20: Syrian Non-Life Insurance - Gross Written Premium by Category (SYP Billion), 2010-2014
Table 21: Syrian Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
Table 22: Syrian Non-Life Insurance - Gross Written Premium by Category (SYP Billion), 2014-2019
Table 23: Syrian Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
Table 24: Syrian Non-Life Insurance - Direct Written Premium by Category (SYP Billion), 2010-2014
Table 25: Syrian Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
Table 26: Syrian Non-Life Insurance - Direct Written Premium by Category (SYP Billion), 2014-2019
Table 27: Syrian Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
Table 28: Syrian Non-Life Insurance - Paid Claims (SYP Billion), 2010-2014
Table 29: Syrian Non-Life Insurance - Paid Claims (SYP Billion), 2014-2019
Table 30: Syrian Non-Life Insurance - Total Assets (SYP Billion), 2010-2014
Table 31: Syrian Non-Life Insurance - Total Assets (SYP Billion), 2014-2019
Table 32: Syrian Non-Life Insurance - Net Written Premiums (SYP Billion), 2010-2014
Table 33: Syrian Non-Life Insurance - Net Written Premiums (SYP Billion), 2014-2019
Table 34: Syrian Property Insurance - Gross Written Premium (SYP Billion), 2010-2014
Table 35: Syrian Property Insurance - Gross Written Premium (SYP Billion), 2014-2019
Table 36: Syrian Motor Insurance - Gross Written Premium (SYP Billion), 2010-2014
Table 37: Syrian Motor Insurance - Gross Written Premium (SYP Billion), 2014-2019
Table 38: Syrian Marine, Aviation and Transit Insurance - Gross Written Premium (SYP Billion), 2010-2014
Table 39: Syrian Marine, Aviation and Transit Insurance - Gross Written Premium (SYP Billion), 2014-2019
Table 40: Syrian Personal Accident and Health Insurance - Gross Written Premium by Category (SYP Billion), 2010-2014
Table 41: Syrian Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
Table 42: Syrian Personal Accident and Health Insurance - Gross Written Premium by Category (SYP Billion), 2014-2019
Table 43: Syrian Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
Table 44: Syrian Personal Accident and Health Insurance - Direct Written Premium by Category (SYP Billion), 2010-2014
Table 45: Syrian Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
Table 46: Syrian Personal Accident and Health Insurance - Direct Written Premium by Category (SYP Billion), 2014-2019
Table 47: Syrian Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
Table 48: Syrian Personal Accident and Health Insurance - Paid Claims (SYP Billion), 2010-2014
Table 49: Syrian Personal Accident and Health Insurance - Paid Claims (SYP Billion), 2014-2019
Table 50: Syrian Personal Accident and Health Insurance - Total Assets (SYP Billion), 2010-2014
Table 51: Syrian Personal Accident and Health Insurance - Total Assets (SYP Billion), 2014-2019
Table 52: Syrian Personal Accident and Health Insurance - Net Written Premiums (SYP Billion), 2010-2014
Table 53: Syrian Personal Accident and Health Insurance - Net Written Premiums (SYP Billion), 2014-2019
Table 54: Syrian Personal Accident Insurance - Gross Written Premium (SYP Million), 2010-2014
Table 55: Syrian Personal Accident Insurance - Gross Written Premium (SYP Million), 2014-2019
Table 56: Syrian Health Insurance - Gross Written Premium (SYP Billion), 2010-2014
Table 57: Syrian Health Insurance - Gross Written Premium (SYP Billion), 2014-2019
Table 58: Syrian Travel Insurance - Gross Written Premium (SYP Million), 2010-2014
Table 59: Syrian Travel Insurance - Gross Written Premium (SYP Million), 2014-2019
Table 60: Syrian Reinsurance - Premiums Ceded (Excluding Retrocession) by Insurance Segment (SYP Million), 2010-2014
Table 61: Syrian Reinsurance - Premiums Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2010-2014
Table 62: Syrian Reinsurance - Premiums Ceded (Excluding Retrocession) by Insurance Segment (SYP Million), 2014-2019
Table 63: Syrian Reinsurance - Premiums Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2014-2019
Table 64: Syrian Life Insurance - Percentage of Premiums Ceded (Excluding Retrocession), 2010-2014
Table 65: Syrian Life Insurance - Percentage of Premiums Ceded (Excluding Retrocession), 2014-2019
Table 66: Syrian Non-Life Insurance - Percentage of Premiums Ceded (Excluding Retrocession), 2010-2014
Table 67: Syrian Non-Life Insurance - Percentage of Premiums Ceded (Excluding Retrocession), 2014-2019
Table 68: Syrian Personal Accident and Health Insurance - Percentage of Premiums Ceded (Excluding Retrocession), 2010-2014
Table 69: Syrian Personal Accident and Health Insurance - Percentage of Premiums Ceded (Excluding Retrocession), 2014-2019
Table 70: Syrian Average Annual Loss by Hazard
Table 71: Syrian Insurance - Industry Shares, 2014
Table 72: Syrian General Insurance Corporation - Key Facts
Table 73: Syrian national Insurance Company - Key Facts
Table 74: Trust Syria Insurance Company - Key Facts
Table 75: APA Insurance Ltd - Key Facts
Table 76: Syrian Kuwait Insurance Company - Key Facts
Table 77: Syria - Insurance Regulatory Framework Key Features
Table 78: Syria - Life Insurance Regulatory Framework
Table 79: Syria - Property Insurance Regulatory Framework
Table 80: Syria - Motor Insurance Regulatory Framework
Table 81: Syria - Liability Insurance Regulatory Framework
Table 82: Syria - Corporate Tax Rate for the Financial Year 2015

List of Figures
Figure 1: Syrian Real GDP (SYP Billion) , 2010-2019
Figure 2: Syrian Consumer Price Inflation, 2010-2019
Figure 3: SYP-US$ Exchange Rate, 2010-2019
Figure 4: Syrian Unemployment Rate, 2010-2019
Figure 5: Syrian Population by Age Group, 1991-2025
Figure 6: Syrian Insurance - Gross Written Premium by Segment (SYP Billion), 2010-2019
Figure 7: Syrian Insurance - Gross Written Premium Market Dynamics by Segment, 2010-2019
Figure 8: Syrian Life Insurance - Gross Written Premium (SYP Million), 2010-2014
Figure 9: Syrian Life Insurance - Gross Written Premium (SYP Billion), 2014-2019
Figure 10: Syrian Life Insurance - Direct Written Premium (SYP Billion), 2010-2014
Figure 11: Syrian Life Insurance - Direct Written Premium (SYP Billion), 2014-2019
Figure 12: Syrian Life Insurance - Paid Claims (SYP Million), 2010-2014
Figure 13: Syrian Life Insurance - Paid Claims (SYP Million), 2014-2019
Figure 14: Syrian Life Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2010-2014 (%), 2010-2014
Figure 15: Syrian Life Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2010-2014 (%), 2014-2019
Figure 16: Syrian Life Insurance - Total Assets (SYP Million), 2010-2014
Figure 17: Syrian Life Insurance - Total Assets (SYP Million), 2014-2019
Figure 18: Syrian Life Insurance - Net Written Premium (SYP Million), 2010-2014
Figure 19: Syrian Life Insurance - Net Written Premium (SYP Billion), 2014-2019
Figure 20: Syrian Life Insurance - Insurance Penetration (%), 2010-2014
Figure 21: Syrian Life Insurance - Insurance Direct Premium per Capita (SYP), 2010-2014
Figure 22: Syrian Non-Life Insurance - Gross Written Premium by Category (SYP Billion), 2010-2019
Figure 23: Syrian Non-Life Insurance - Gross Written Premium by Category (%), 2014 and 2019
Figure 24: Syrian Non-Life Insurance - Gross Written Premium Dynamics by Category, 2010-2019
Figure 25: Syrian Non-Life Insurance - Direct Written Premium by Category (SYP Billion), 2010-2019
Figure 26: Syrian Non-Life Insurance - Direct Written Premium by Category (%), 2014 and 2019
Figure 27: Syrian Non-Life Insurance - Direct Written Premium Dynamics by Category, 2010-2019
Figure 28: Syrian Non-Life Insurance - Paid Claims (SYP Billion), 2010-2014
Figure 29: Syrian Non-Life Insurance - Paid Claims (SYP Billion), 2014-2019
Figure 30: Syrian Non-Life Insurance - Total Assets (SYP Billion), 2010-2014
Figure 31: Syrian Non-Life Insurance - Total Assets (SYP Billion), 2014-2019
Figure 32: Syrian Non-Life Insurance - Net Written Premiums (SYP Billion), 2010-2014
Figure 33: Syrian Non-Life Insurance - Net Written Premiums (SYP Billion), 2014-2019
Figure 34: Syrian Non-Life Insurance Penetration (%), 2010-2014
Figure 35: Syrian Non-Life Insurance Direct Premium per Capita) (SYP), 2010-2014
Figure 36: Syrian Property Insurance - Gross Written Premium (SYP Billion), 2010-2014
Figure 37: Syrian Property Insurance - Gross Written Premium (SYP Billion), 2014-2019
Figure 38: Syrian Motor Insurance - Gross Written Premium (SYP Billion), 2010-2014
Figure 39: Syrian Motor Insurance - Gross Written Premium (SYP Billion), 2014-2019
Figure 40: Syrian Marine, Aviation and Transit Insurance - Gross Written Premium (SYP Billion), 2010-2014
Figure 41: Syrian Marine, Aviation and Transit Insurance - Gross Written Premium (SYP Billion), 2014-2019
Figure 42: Syrian Personal Accident and Health Insurance - Gross Written Premium by Category (SYP Billion), 2010-2019
Figure 43: Syrian Personal Accident and Health Insurance - Gross Written Premium by Category (%), 2014 and 2019
Figure 44: Syrian Personal Accident and Health Insurance - Gross Written Premium Dynamics by Category, 2010-2019
Figure 45: Syrian Personal Accident and Health Insurance - Direct Written Premium by Category (SYP Billion), 2010-2019
Figure 46: Syrian Personal Accident and Health Insurance - Direct Written Premium by Category (%), 2014 and 2019
Figure 47: Syrian Personal Accident and Health Insurance - Direct Written Premium Dynamics by Category, 2010-2019
Figure 48: Syrian Personal Accident and Health Insurance - Paid Claims by Category (SYP Billion), 2010-2014
Figure 49: Syrian Personal Accident and Health Insurance - Paid Claims (SYP Billion), 2014-2019
Figure 50: Syrian Personal Accident and Health Insurance - Total Assets (SYP Billion), 2010-2014
Figure 51: Syrian Personal Accident and Health Insurance - Total Assets (SYP Billion), 2014-2019
Figure 52: Syrian Personal Accident and Health Insurance - Net Written Premiums (SYP Billion), 2010-2014
Figure 53: Syrian Personal Accident and Health Insurance - Net Written Premiums (SYP Billion), 2014-2019
Figure 54: Syrian Personal Accident and Health Insurance Penetration (%), 2010-2014
Figure 55: Syrian Personal Accident and Health Insurance Density (Direct Premium per Capita) (SYP), 2010-2014
Figure 56: Syrian Personal Accident Insurance - Gross Written Premium (SYP Million), 2010-2014
Figure 57: Syrian Personal Accident Insurance - Gross Written Premium (SYP Million), 2014-2019
Figure 58: Syrian Health Insurance - Gross Written Premium (SYP Billion), 2010-2014
Figure 59: Syrian Health Insurance - Gross Written Premium (SYP Billion), 2014-2019
Figure 60: Syrian Travel Insurance - Gross Written Premium (SYP Million), 2010-2014
Figure 61: Syrian Travel Insurance - Gross Written Premium (SYP Million), 2014-2019
Figure 62: Syrian Reinsurance - Premiums Ceded (Excluding Retrocession) by Insurance Segment (SYP Million), 2010-2019
Figure 63: Syrian Reinsurance - Dynamics by Insurance Segment, 2010-2019
Figure 64: Syrian Life Insurance - Percentage of Premiums Ceded (Excluding Retrocession), 2010-2014
Figure 65: Syrian Life Insurance - Percentage of Premiums Ceded (Excluding Retrocession), 2014-2019
Figure 66: Syrian Non-Life Insurance - Percentage of Premiums Ceded (Excluding Retrocession), 2010-2014
Figure 67: Syrian Non-Life Insurance - Percentage of Premiums Ceded (Excluding Retrocession), 2014-2019
Figure 68: Syrian Personal Accident and Health Insurance - Percentage of Premiums Ceded (Excluding Retrocession), 2010-2014
Figure 69: Syrian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 70: Syrian Frequency of Hazards by Type, 1990-2014
Figure 71: Syrian Mortality of Hazards by Type, 1990-2014
Figure 72: Syrian Insurance - Industry Shares, 2014
Figure 73: Syria - Insurance Regulatory Frameworks for Company Registration and Operation

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