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  4. > Lebanon Insurance Report Q4 2015

Lebanon Insurance Report Q4 2015

  • July 2015
  • -
  • Business Monitor International
  • -
  • 59 pages

Includes 3 FREE quarterly updates

BMI View: We remain of the view that Lebanon's resilient, if fragmented, insurance sector will be dominated by three key trends, both in 2015 and through the remainder of the forecast period. One is the continued growth in medical/health insurance, which is by far the largest sub-sector of the non-life segment in terms of premiums written. This is due to higher premiums on (mainly) group health policies in a country where private healthcare spending is growing quite rapidly. A second is continued low growth in motor and fire/property insurance due to price competition. Life insurance, too, is likely to grow slowly, but for a
different reason: the insurers are already doing business with all potential users of their products.

Lebanon's insurance sector stands out for a number of reasons. Firstly, even by the standards of the Middle East, the sector is fragmented, consisting of around 50, mostly composite, companies. For most companies, the business that they write can be measured in tens of millions of USD - or less. Secondly, the life segment is well established, accounting for about one quarter of total premiums. Thirdly, the non-life segment is dominated by health insurance, which currently accounts for around 50% of non-life premiums written and is expected to grow further.

Table Of Contents

Lebanon Insurance Report Q4 2015
BMI Industry View 7
SWOT 9
Political 10
Economic 12
Operational Risk 13
Industry Forecast 15
Life Premiums Forecast 15
Table: Gross Life Premiums Written (Lebanon 2012-2019) 16
Table: Net Life Premiums Written (Lebanon 2012-2019) 17
Table: Reinsurance Life Premiums Written (Lebanon 2012-2019) 18
Life Claims 18
Table: Life Insurance Claims (Lebanon 2007-2013) 19
Life Drivers 19
Table: Life Expectancy by Gender (Lebanon 2012-2019) 19
Table: Demographic Breakdown (Lebanon 2012-2019) 20
Non-Life Premiums Forecast 20
Non-Life Premiums 20
Table: Gross Non-Life Premiums Written (Lebanon 2012-2019) 22
Table: Net Non-Life Premiums Written (Lebanon 2012-2019) 23
Table: Reinsurance Non-Life Premiums Written (Lebanon 2012-2019) 24
Non-Life Claims 24
Table: Non-Life Insurance Claims (Lebanon 2007-2013) 25
Table: Non-Life Insurance Claims by Line (Lebanon 2007-2014) 26
Non-Life Sub-Sector Forecast 26
Table: Non-Life % Breakdown (Lebanon 2012-2019) 27
Motor and Transport Insurance 28
Table: Motor Vehicle Insurance (Lebanon 2012-2019) 28
Table: Insurance Key Drivers, Autos (Lebanon 2012-2019) 29
Table: Transport Insurance (Lebanon 2012-2019) 29
Property Insurance 30
Table: Property Insurance (Lebanon 2012-2019) 30
Health and Personal Accident Insurance 30
Table: Health Insurance (Lebanon 2012-2019) 31
Table: Insurance Key Drivers, Private Health Expenditure (Lebanon 2012-2019) 32
Table: Personal Accident Insurance (Lebanon 2012-2019) 32
General Liability and Credit Insurance 33
Table: General Liability Insurance (Lebanon 2012-2019) 33
Table: Credit/Financial Guarantee Insurance (Lebanon 2012-2019) 34
Industry Risk Reward Ratings 35
MENA Insurance Risk/Reward Index 35
Table: MENA Insurance Risk/Reward Index 36
Market Overview 37
Life Market Overview 37
The Product Offering 37
The Competitive Landscape 37
Table: Life Insurance Premiums (USDmn) 39
Table: Life Insurance Market Shares (%) 40
Non-Life Market Overview 41
The Product Offering 41
The Competitive Landscape 42
Table: Non-Life Insurance Premiums (USDmn) 43
Table: Non-Life Market Shares (%) 44
Company Profile 46
Arabia Insurance srl 46
Demographic Forecast 48
Lebanon Demographic Forecast 48
Table: Population Headline Indicators (Lebanon 1990-2025) 49
Table: Key Population Ratios (Lebanon 1990-2025) 49
Table: Urban/Rural Population and Life Expectancy (Lebanon 1990-2025) 50
Table: Population By Age Group (Lebanon 1990-2025) 50
Table: Population By Age Group % (Lebanon 1990-2025) 51
Methodology 53
Industry Forecast Methodology 53
Risk/Reward Index Methodology 56
Table: Indicators 58
Table: Weighting of Indicators 59

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