Non-Life insurance in Lebanon, Key Trends and Opportunities to 2019

Published: Apr, 2016 | Pages: 118 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
Timetric's 'Non-Life insurance in Lebanon, Key Trends and Opportunities to 2019' report provides a detailed outlook by product category for the Lebanese non-life insurance segment, and a comparison of the Lebanese insurance industry with its regional counterparts.

it provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, 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 Lebanese economy and demographics, explains the various types of natural and man-made hazards and their impact on the Lebanese insurance industry, 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 'Non-Life insurance in Lebanon, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Lebanese non-life insurance segment, including:

 The Lebanese non-life insurance segment's detailed outlook by product category

 A comprehensive overview of the Lebanese economy and demographics

 A comparison of the Lebanese insurance industry with its regional counterparts

 The various distribution channels in the Lebanese non-life insurance segment

 Detailed analysis of natural and man-made hazards and their impact on the Lebanese insurance industry

 Details of the competitive landscape in the non-life insurance segment in Lebanon

 Details of regulatory policy applicable to the Lebanese insurance industry

Scope
This report provides a comprehensive analysis of the non-life insurance segment in Lebanon:

 it provides historical values for the Lebanese non-life insurance segment 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 categories in the Lebanese non-life insurance segment, and market forecasts to 2019.

 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 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 was the largest segment in the Lebanese insurance industry, accounting for 36.6% of gross written premium in 2014. . 

 Motor insurance was the largest non-life category, accounting for 62.3% of the segment's gross written premium in 2014. 

 Cyber-crime rates are on the rise supporting the emergence of professional liability insurance. 

 Despite facing economic and political pressures due to the ongoing Syrian crisis, Lebanon's construction industry remains one of the most attractive to investors.

 The Lebanese non-life segment is moderately consolidated, with the 10 leading non-life insurers accounting for 57.5% of the total segment's gross written premium in 2014. 

 insurers are looking to strengthen their positions and gain market share by launching new products and widening product portfolios.

 Table of Content
1 Key Facts and Highlights
2 executive Summary
3 economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment indicators
4.2.1 Gross written premium and penetration
4.2.2 Policies sold
4.2.3 Claims
4.2.4 Profitability
4.2.5 Assets and investments
5 Outlook by Category
5.1 Property insurance
5.1.1 Product overview
5.1.2 Premium
5.1.3 Policies
5.1.4 Claims
5.1.5 Profitability
5.2 Motor insurance
5.2.1 Product overview
5.2.2 Premium
5.2.3 Policies
5.2.4 Claims
5.2.5 Profitability
5.3 Liability insurance
5.3.1 Product overview
5.3.2 Premium
5.3.3 Policies
5.3.4 Claims
5.3.5 Profitability
5.4 Marine, Aviation and Transit insurance
5.4.1 Product overview
5.4.2 Premium
5.4.3 Policies
5.4.4 Claims
5.4.5 Profitability
6 Distribution Channel Outlook
6.1 Analysis by Distribution Channel
7 Natural and man-made Hazards
7.1 earthquakes
7.2 Storms
7.3 Wildfires
7.4 Floods
7.5 Man-made calamities
7.6 exposure
8 Competitive Landscape
8.1 Company Rankings
8.2 Comparison of the Top Five insurers
8.2.1 Gross written premium
8.3 Company Profiles
8.3.1 Bankers Assurance SAL - company overview
8.3.2 Arope insurance SAL - company overview
8.3.3 LiA insurance SAL - company overview
8.3.4 Axa Me SAL - company overview
8.3.5 Libano-Suisse insurance Co. SAL - company overview
9 Governance, Risk and Compliance
9.1 Legislation Overview and Historical evolution
9.2 Latest Changes in Regulations
9.3 Legislation and market practice by Type of insurance
9.3.1 Life insurance
9.3.2 Property insurance
9.3.3 Motor insurance
9.3.4 Liability insurance
9.3.5 Marine, aviation and transit insurance
9.3.6 Personal accident and health insurance
9.4 Compulsory insurance
9.4.1 Motor third-party liability insurance (bodily injury only)
9.4.2 Work injury coverage scheme
9.4.3 Universal health coverage scheme
9.5 Supervision and Control
9.5.1 international Association of insurance Supervisors (iAiS)
9.5.2 insurance Control Commission
9.5.3 Association des Compagnies d'Assurances au Liban (ACAL)
9.6 Non-Admitted insurance Regulations
9.6.1 Overview
9.6.2 intermediaries
9.6.3 Market practices
9.6.4 Fines and penalties
9.7 Company Registration and Operations
9.7.1 Types of insurance organization
9.7.2 establishing a local company
9.7.3 Foreign ownership
9.7.4 Types of license
9.7.5 Capital requirements
9.7.6 Solvency margins
9.7.7 Reserve requirements
9.7.8 investment regulations
9.7.9 Statutory return requirements
9.7.10 Fee structure
9.8 Taxation
9.8.1 insurance premium or policy taxation
9.8.2 Corporate tax
9.8.3 VAT
9.8.4 Captives
9.9 Legal System
9.9.1 introduction
9.9.2 Access to court
9.9.3 Alternative dispute resolution (ADR)
10 Databook
10.1 Policies and Premium
10.2 Claims and expenses
10.3 Assets and investments
10.4 Direct Marketing
10.5 insurance Brokers
10.6 Property insurance
10.7 Property insurance by Product
10.8 Motor insurance
10.9 Motor insurance by Product
10.1 Liability insurance
10.11 Marine, Aviation and Transit insurance
11 Definitions and Methodology
11.1 Definitions
11.2 Methodology
12 About Timetric
12.1 Contact Timetric
12.2 About Timetric
12.3 Timetric's Services
12.4 Disclaimer

List of Tables
Table 1: Lebanese Non-Life insurance - Key Facts, 2014
Table 2: Lebanese Non-Life insurance - Segment Shares of the Top insurers, 2014
Table 3: Lebanese Government Credit Ratings
Table 4: Lebanese Non-Life insurance - Gross Written Premium (LBP Billion and US$ Million), 2010-2014
Table 5: Lebanese Non-Life insurance - Penetration (%), 2010-2014
Table 6: Lebanese Non-Life insurance - Gross Written Premium (LBP Billion and US$ Million), 2014-2019
Table 7: Lebanese Non-Life insurance - Penetration (%), 2014-2019
Table 8: Lebanese Non-Life insurance -  Premium per Capita (LBP and US$), 2010-2014
Table 9: Lebanese Non-Life insurance -  Premium per Capita (LBP and US$), 2014-2019
Table 10: Lebanese Non-Life insurance - Number of Policies Sold (Thousand), 2010-2014
Table 11: Lebanese Non-Life insurance - Number of Policies Sold (Thousand), 2014-2019
Table 12: Lebanese Non-Life insurance - Paid Claims (LBP Billion and US$ Million), 2010-2014
Table 13: Lebanese Non-Life insurance - Paid Claims (LBP Billion and US$ Million), 2014-2019
Table 14: Lebanese Non-Life insurance - Profitability Ratio (%), 2010-2014
Table 15: Lebanese Non-Life insurance - Profitability Ratio (%), 2014-2019
Table 16: Lebanese Non-Life insurance - Total Assets (LBP Billion and US$ Million), 2010-2014
Table 17: Lebanese Non-Life insurance - Total Assets (LBP Billion and US$ Million), 2014-2019
Table 18: Lebanese Non-Life insurance - Total investment income (LBP Billion and US$ Million), 2010-2014
Table 19: Lebanese Non-Life insurance - Total investment income (LBP Billion and US$ Million), 2014-2019
Table 20: Lebanese Non-Life insurance - investment Portfolio (LBP Billion), 2010-2014
Table 21: Lebanese Non-Life insurance - investment Portfolio (LBP Billion), 2014-2019
Table 22: Lebanese Non-Life insurance - Gross Written Premium by Category (LBP Billion), 2010-2014
Table 23: Lebanese Non-Life insurance - Gross Written Premium by Category (LBP Billion), 2014-2019
Table 24: Lebanese Property insurance - Gross Written Premium by Sub-Category (LBP Billion), 2010-2014
Table 25: Lebanese Property insurance - Gross Written Premium by Sub-Category (LBP Billion), 2014-2019
Table 26: Lebanese Property insurance - Number of Policies Sold by Sub-Category (Thousand), 2010-2014
Table 27: Lebanese Property insurance - Number of Policies Sold by Sub-Category (Thousand), 2014-2019
Table 28: Lebanese Property insurance - Paid Claims (LBP Billion and US$ Million), 2010-2014
Table 29: Lebanese Property insurance - Paid Claims (LBP Billion and US$ Million), 2014-2019
Table 30: Lebanese Property insurance - Loss Ratio (%), 2010-2014
Table 31: Lebanese Property insurance - Loss Ratio (%), 2014-2019
Table 32: Lebanese Motor insurance - Gross Written Premium by Sub-Category (LBP Billion), 2010-2014
Table 33: Lebanese Motor insurance - Gross Written Premium by Sub-Category (LBP Billion), 2014-2019
Table 34: Lebanese Motor insurance - Number of Policies Sold by Sub-Category (Thousand), 2010-2014
Table 35: Lebanese Motor insurance - Number of Policies Sold by Sub-Category (Thousand), 2014-2019
Table 36: Lebanese Motor insurance - Paid Claims (LBP Billion and US$ Million), 2010-2014
Table 37: Lebanese Motor insurance - Paid Claims (LBP Billion and US$ Million), 2014-2019
Table 38: Lebanese Motor insurance - Loss Ratio (%), 2010-2014
Table 39: Lebanese Motor insurance - Loss Ratio (%), 2014-2019
Table 40: Lebanese Liability insurance - Gross Written Premium (LBP Billion), 2010-2014
Table 41: Lebanese Liability insurance - Gross Written Premium (LBP Billion), 2014-2019
Table 42: Lebanese Liability insurance - Number of Policies Sold (Thousand), 2010-2014
Table 43: Lebanese Liability insurance - Number of Policies Sold (Thousand), 2014-2019
Table 44: Lebanese Liability insurance - Paid Claims (LBP Billion and US$ Million), 2010-2014
Table 45: Lebanese Liability insurance - Paid Claims (LBP Billion and US$ Million), 2014-2019
Table 46: Lebanese Liability insurance - Loss Ratio (%), 2010-2014
Table 47: Lebanese Liability insurance - Loss Ratio (%), 2014-2019
Table 48: Lebanese Transport Network - Global Rankings
Table 49: Lebanese Marine, Aviation and Transit insurance - Gross Written Premium (LBP Billion), 2010-2014
Table 50: Lebanese Marine, Aviation and Transit insurance - Gross Written Premium (LBP Billion), 2014-2019
Table 51: Lebanese Marine, Aviation and Transit insurance - Number of Policies Sold (Thousand), 2010-2014
Table 52: Lebanese Marine, Aviation and Transit insurance - Number of Policies Sold (Thousand), 2014-2019
Table 53: Lebanese Marine, Aviation and Transit insurance - Paid Claims (LBP Billion and US$ Million), 2010-2014
Table 54: Lebanese Marine, Aviation and Transit insurance - Paid Claims (LBP Billion and US$ Million), 2014-2019
Table 55: Lebanese Marine, Aviation and Transit insurance - Loss Ratio (%), 2010-2014
Table 56: Lebanese Marine, Aviation and Transit insurance - Loss Ratio (%), 2014-2019
Table 57: Lebanese Average Annual Loss by Hazard, 1990-2014
Table 58: List of Man-made Attacks in Lebanon, 2004-2016
Table 59: Shares of Key insurers in the Lebanese Non-Life Segment (%), 2014
Table 60: Bankers Assurance SAL - Key Facts
Table 61: Bankers Assurance SAL - Key Financials (LBP Million), 2010-2014
Table 62: Arope insurance SAL - Key Facts
Table 63: Arope insurance SAL - Key Financials (LBP Million), 2010-2014
Table 64: LiA insurance SAL - Key Facts
Table 65: LiA insurance SAL - Key Financials (LBP Million), 2010-2014
Table 66: Axa Me SAL - Key Facts
Table 67: Axa Me SAL - Key Financials (LBP Million), 2010-2014
Table 68: Libano-Suisse insurance Co. SAL - Key Facts
Table 69: Libano-Suisse insurance Co. SAL - Key Financials (LBP Million), 2010-2014
Table 70: Lebanon - insurance Regulatory Framework Key Features
Table 71: Lebanon - Life insurance Regulatory Framework
Table 72: Lebanon - Property insurance Regulatory Framework
Table 73: Lebanon - Motor insurance Regulatory Framework
Table 74: Lebanon - Liability insurance Regulatory Framework
Table 75: Lebanon - Third-Party Liability Cover Limits
Table 76: Lebanon - Amendment of Deemed Profit Rates
Table 77: Lebanon - Corporate Tax Rates for the Financial Year 2015
Table 78: Lebanese insurance industry - Policies and Premium, 2010-2014
Table 79: Lebanese insurance industry - Policies and Premium, 2014-2019
Table 80: Lebanese Non-Life insurance - Claims and expenses, 2010-2014
Table 81: Lebanese Non-Life insurance - Claims and expenses, 2014-2019
Table 82: Lebanese Non-Life insurance - Assets and investments, 2010-2014
Table 83: Lebanese Non-Life insurance - Assets and investments, 2014-2019
Table 84: Lebanese Non-Life insurance - Direct Marketing, 2010-2014
Table 85: Lebanese Non-Life insurance - Direct Marketing, 2014-2019
Table 86: Lebanese Non-Life insurance - insurance Brokers, 2010-2014
Table 87: Lebanese Non-Life insurance - insurance Brokers, 2014-2019
Table 88: Lebanese Non-Life insurance - Property insurance, 2010-2014
Table 89: Lebanese Non-Life insurance - Property insurance, 2014-2019
Table 90: Lebanese Non-Life insurance - Property insurance by Product, 2010-2014
Table 91: Lebanese Non-Life insurance - Property insurance by Product, 2014-2019
Table 92: Lebanese Non-Life insurance - Motor insurance, 2010-2014
Table 93: Lebanese Non-Life insurance - Motor insurance, 2014-2019
Table 94: Lebanese Non-Life insurance - Motor insurance by Product, 2010-2014
Table 95: Lebanese Non-Life insurance - Motor insurance by Product, 2014-2019
Table 96: Lebanese Non-Life insurance - Liability insurance, 2010-2014
Table 97: Lebanese Non-Life insurance - Liability insurance, 2014-2019
Table 98: Lebanese Non-Life insurance - Marine, Aviation and Transit insurance, 2010-2014
Table 99: Lebanese Non-Life insurance - Marine, Aviation and Transit insurance, 2014-2019
Table 100: insurance industry Definitions