Insurance industry in Lebanon: 2015 results

Insurance industry in Lebanon: ranking of companies per turnover in 2015

in thousands
 2015 turnover2014 turnover2015 market shares
 In LBP(1) In USDIn LBP(1)In USD
Allianz SNA
185 330 000124 709174 081 000116 5658.1%
ALICO - Metlife
171 159 000115 173164 542 000110 1777.5%
Medgulf
171 068 000115 112193 214 000129 3767.4%
Bankers
162 353 000109 247176 872 000118 4347.1%
Libano Arabe
146 648 00098 679142 510 00095 4256.4%
AXA M.E.
143 547 00096 593161 644 000108 2376.3%
Arope
141 057 00094 917143 214 00095 8966.1%
Bancassurance
112 505 00075 70591 288 00061 1264.9%
Fidelity
106 846 00071 89798 336 00065 8464.6%
Libano-Suisse
103 653 00069 748104 264 00069 8154.5%
Adonis (ADIR)
92 750 00062 41183 318 00055 7904.0%
Continental trust
77 402 00052 084512 0003433.4%
Al-Mashrek
61 218 00041 19460 098 00040 2422.7%
ALIG
51 085 00034 37543 887 00029 3872.2%
Assurex
50 478 00033 96743 374 00029 0432.2%
The Capital
37 643 00025 33033 783 00022 6211.6%
Cumberland
36 838 00024 78842 315 00028 3341.6%
Arabia
34 319 00023 09337 080 00024 8291.5%
Trust Compass
30 020 00020 20032 777 00021 9471.3%
Liberty
27 434 00018 46021 343 00014 2911.2%
UCA
26 905 00018 10428 121 00018 8301.2%
UFA
26 780 00018 02024 264 00016 2471.2%
Credit Libanais
26 377 00017 74933 682 00022 5531.2%
Security
25 898 00017 42732 421 00021 7091.1%
Sogecap
23 488 00015 80521 291 00014 2571.0%
North Insurance
19 220 00012 93318 052 00012 0880.8%
Commercial
18 284 00012 30315 904 00010 6490.8%
Amana
16 507 00011 10815 285 00010 2350.7%
Burgan (Arab Life)
14 544 0009 78712 923 0008 6530.6%
Beirut Life
13 911 0009 36112 656 0008 4740.6%
Total top thirty companies
2 155 267 000 1 450 279 2 063 051 000 1 381 419 93.8%
Rest of the market(2)
144 391 00097 161160 432 000107 4256.2%
Total
2 299 658 0001 547 4402 223 483 0001 488 844100%
(1) Lebanese pound
(2) 19 companies

Insurance industry in Lebanon: turnover per class of business (2014-2015)

in thousands
 2015 turnover2014 turnover2015 market shares
 In LBP(1) In USDIn LBP(1) In USD
Fire
165 294 000111 226159 414 000106 7437.2%
Marine
57 135 00038 44664 095 00042 9182.5%
Motor
527 145 000354 716507 553 000339 85722.9%
Health
670 788 000451 373655 540 000438 95029.2%
Accident
107 677 00072 456110 738 00074 1504.7%
Others(2)
78 936 00053 11783 612 00055 9873.4%
Total non life
1 606 975 000 1 081 334 1 580 952 000 1 058 605 69.9%
Life
240 884 000162 091250 323 000167 61610.5%
Savings
253 111 000170 318211 214 000141 42911.0%
Capitalization
198 688 000133 697180 994 000121 1948.6%
Total life
692 683 000 466 106 642 531 000 430 239 30.1%
Grand total
2 299 658 0001 547 4402 223 483 0001 488 844100%
(1) Lebanese pound

Breakdown of turnover per class of business in 2015

(2) Including miscellaneous accident, contractor’s all risks, credit and third party liability
(3) Including capitalization and savings
Source: Insurance Control Commission (ICC)
Exchange rate
LBP/USD as at 31/12
2014
2015
0.0006696
0.0006729

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