Reinsurance in Lebanon Key Trends and Opportunities to 2020

Published: Jul, 2017 | Pages: 36 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis

Timetric’s 'Reinsurance in Lebanon Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the Lebanese reinsurance segment. 

It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2011–2015) and forecast period (2015–2020).

The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Lebanese economy and demographics, and provides detailed analysis of natural hazards and their impact on the Lebanese insurance industry. 

The report brings together Timetric’s research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.

Summary

Timetric’s 'Reinsurance in Lebanon Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Lebanese reinsurance segment, including:

• An outlook of the Lebanese reinsurance segment

• A comprehensive overview of the Lebanese economy and demographics 

• Detailed analysis of natural hazards and their impact on the Lebanese insurance industry

• The competitive landscape in the Lebanese reinsurance segment

Scope

This report provides a comprehensive analysis of the reinsurance segment in Lebanon:

• It provides historical values for the Lebanese reinsurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.

• It offers a detailed analysis of the key categories in the Lebanese reinsurance segment, and market forecasts to 2020.

• It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Lebanon, and the reinsurance segment's growth prospects.

• It analyzes various natural and man-made hazards and their impact on the Lebanese insurance industry

Reasons To Buy

• Make strategic business decisions using in-depth historic and forecast market data related to the Lebanese reinsurance segment, and each category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the Lebanese reinsurance 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

• In 2017, Gen Re partnered with Monsenso, a Danish technology company, to offer mental health solutions.

• In March 2017, the government announced plans to provide subsidized loans to encourage consolidation in the insurance industry. 

• In 2017, Nasco Insurance Group acquired a 93.9% stake in Lebanese insurer Al Ittihad Al Watani (L’Union Nationale) for LBP26.4 billion (US$17.5 million).

• In June 2015, Chedid Europe Reinsurance Brokerage Ltd – a subsidiary of Chedid Re – announced its registration as a Lloyd’s broker. 

• In May 2016, Chedid Capital Holdings acquired a majority stake in Emirati Al Manara Insurance Services Co. Ltd.

 Table of Content

1 KEY FACTS AND HIGHLIGHTS

2 EXECUTIVE SUMMARY

3 ECONOMY AND DEMOGRAPHICS

4 REINSURANCE OUTLOOK
4.1 Reinsurance Segment Size, 2011–2020
4.1.1 Total reinsurance premium accepted
4.2 Reinsurance Segment Size by Premium Ceded, 2011–2020

5 NATURAL AND MAN-MADE HAZARDS
5.1 Flooding
5.2 Storms
5.3 Earthquakes
5.4 Wildfires
5.5 Man-made Hazards
5.6 Exposure

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Arab Reinsurance Company – company overview
6.1.2 Gen Re Beirut Sal – company overview
6.1.3 The Mediterranean and Gulf Insurance and Reinsurance Co. – company overview

7 DEFINITION AND METHODOLOGY
7.1 Definitions
7.2 Methodology

8 ABOUT TIMETRIC
8.1 Contact Timetric
8.2 About Timetric
8.3 Timetric’s Services
8.4 Disclaimer

List of Tables

Table 1: Lebanese Reinsurance – Key Facts, 2015
Table 2: Lebanese Reinsurance – Leading Reinsurers, 2015
Table 3: Lebanese Government Credit Ratings
Table 4: Lebanese Reinsurance – Total Premium Accepted (LBP Million and US$ Million), 2011–2015
Table 5: Lebanese Reinsurance – Total Premium Accepted (LBP Million and US$ Million), 2015–2020
Table 6: Lebanese Reinsurance – Premium Ceded by Type of Insurance (LBP Billion), 2011–2015
Table 7: Lebanese Reinsurance – Premium Ceded by Type of Insurance (LBP Billion), 2015–2020
Table 8: Lebanese Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2015
Table 9: Lebanese Life Insurance – Percentage of Reinsurance Ceded (%), 2015–2020
Table 10: Lebanese Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2015
Table 11: Lebanese Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2015–2020
Table 12: Lebanese Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2015
Table 13: Lebanese Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2015–2020
Table 14: Lebanese Reinsurance Industry – Leading Insurers, 2015
Table 15: Arab Reinsurance Company – Key Facts
Table 16: Gen Re Beirut Sal Company – Key Facts
Table 17: The Mediterranean and Gulf Insurance and Reinsurance Co. (Medgulf) – Key Facts
Table 18: Insurance Industry Definitions

List of Figures 

Figure 1: Lebanese Real GDP (LBP Trillion), and Annual Growth (%) 2011–2020
Figure 2: Lebanese Consumer Price Inflation (%), 2011–2020
Figure 3: Lebanese Current Account Balance as Percentage of GDP (%), 2011–2015
Figure 4: Lebanese Unemployment Rate, 2011–2020
Figure 5: Lebanese Population by Age Group, 1991–2025
Figure 6: Lebanese Reinsurance – Total Premium Accepted (LBP Million), 2011–2020
Figure 7: Lebanese Reinsurance – Premium Ceded by Type of Insurance (LBP Billion), 2011–2020
Figure 8: Lebanese Reinsurance – Premium Ceded Dynamics by Type of Insurance, 2011–2020
Figure 9: Lebanese Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2020
Figure 10: Lebanese Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2020
Figure 11: Lebanese Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2020
Figure 12: Lebanese – Frequency of Hazards by Type, 1990–2014
Figure 13: Lebanese Mortality by Hazards Type, 1990–2014
Figure 14: Lebanese Economic Loss by Hazards Type, 1990–2014