The insurance industry in lebanon

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Information about The insurance industry in lebanon
Finance

Published on March 5, 2014

Author: JSBMarketResearch

Source: slideshare.net

Description

Lebanons insurance industry is one of the most developed in the Middle East region. Foreign insurers have a considerable presence in the countrys insurance industry due to the governments liberal regulatory regime. In terms of gross written premium, the industry posted a review-period (20082012) 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 is US$1.5 million. On account of the lower capital threshold, there are more than 50 operational insurers in the industry resulting in intense completion. Pressure is mounting on regulatory authorities to increase the minimum paid up capital requirements.

The Insurance Industry in Lebanon

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

Key Highlights - The Insurance Industry  The country was rated 48th globally and first in the Middle East and North African (MENA) region, in terms of insurance penetration by Swiss Re in 2013  The life segment was led by the individual life category, followed by the endowment category with respective segment shares of 59.2% and 40.8%  The non-life segment was led by the motor insurance category, followed by property insurance, marine, aviation and transit insurance, and general liability insurance.  The industry comprises many small insurers due to the minimum paid-up capital being only US$1.5 million.  The industry is highly competitive with 52 operational insurers present in 2012 For More Information Kindly Click on this Link:- http://www.jsbmarketresearch.com/finance-banking/r-The-InsuranceIndustry-in-Lebanon-Key-Trends-and-Opportunities-to-2016-48266

About JSB Market Research • Jsbmarketresearch.com is an online repository of an extensive collection of market research reports available online. This online portal contains high-quality reports with well-researched and highquality content on a wide range of industries. These market research reports help us give a detailed insight into new opportunities in the industry, prevailing market trends, competitor analysis and future prospects. • JSB’s reports are developed by the domain experts and publishers under a closely observed surveillance of industry specialists. Therefore, the researched data is well researched, well- organized and matching up to the best standards in the industry. Also JSB’s database consists of detailed insights of the leading players in the global market, products and trends.

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