Lebanese insurance market: evolution of turnover per class of business (2014-2018)
In thousands USD
In millions LBP
| 2014 | 2015 | 2016 | 2017 | 2018 | 2018-2017 evolution (1) | 2018 shares | |
|---|---|---|---|---|---|---|---|
Health | 426 102 | 436 013 | 456 930 | 476 086 | 501 308 | 5.30% | 30.80% |
Motor | 329 909 | 342 645 | 360 279 | 377 016 | 349 686 | -7.25% | 21.48% |
Fire | 103 619 | 107 441 | 107 545 | 108 917 | 104 031 | -4.49% | 6.39% |
Accident | 71 980 | 69 990 | 71 953 | 71 907 | 66 661 | -7.30% | 4.09% |
Marine | 41 662 | 37 138 | 31 705 | 36 171 | 34 975 | -3.31% | 2.15% |
Others (2) | 54 348 | 51 308 | 54 544 | 55 413 | 53 333 | -3.75% | 3.28% |
| Total non-life | 1 027 620 | 1 044 535 | 1 082 956 | 1 125 510 | 1 109 994 | -1.38% | 68.19% |
| Life (3) | 417 645 | 450 244 | 480 377 | 499 231 | 517 809 | 3.72% | 31.81% |
| Grand total | 1 445 265 | 1 494 779 | 1 563 333 | 1 624 741 | 1 627 803 | 0.19% | 100% |
In millions LBP
| 2014 | 2015 | 2016 | 2017 | 2018 | 2018-2017 evolution (1) | 2018 shares | |
|---|---|---|---|---|---|---|---|
Health | 655 541 | 670 789 | 692 318 | 721 342 | 759 557 | 5.30% | 30.80% |
Motor | 507 553 | 527 146 | 545 877 | 571 237 | 529 827 | -7.25% | 21.48% |
Fire | 159 414 | 165 294 | 162 947 | 165 026 | 157 623 | -4.49% | 6.39% |
Accident | 110 738 | 107 677 | 109 019 | 108 950 | 101 001 | -7.30% | 4.09% |
Marine | 64 095 | 57 135 | 48 038 | 54 804 | 52 993 | -3.31% | 2.15% |
Others (2) | 83 612 | 78 936 | 82 643 | 83 959 | 80 808 | -3.75% | 3.28% |
| Total non-life | 1 580 953 | 1 606 977 | 1 640 842 | 1 705 318 | 1 681 809 | -1.38% | 68.19% |
| Life (3) | 642 531 | 692 683 | 727 844 | 756 411 | 784 559 | 3.72% | 31.81% |
| Grand total | 2 223 484 | 2 299 660 | 2 368 686 | 2 461 729 | 2 466 368 | 0.19% | 100% |
(1) Evolution in local currency
(2) Includes miscellaneous risks, worksite insurance, credit and third part liability
(3) Includes capitalization and savings
Read also | Ranking of insurance companies in Lebanon
