Lebanese insurance industry: Ranking of insurance companies in 2018

Ranking of the Lebanese insurance companies in 2018 per GWP

Figures in thousands

 2018 GWP2017 GWP2017-2018 evolution (2)2018 shares
 In LBP (1)In USDIn LBP (1)In USD
ALLIANZ SNA
219 808 000145 073212 230 000140 0723.57%8.91%
ALICO
186 897 000123 352183 119 000120 8592.06%7.58%
BANKERS
184 898 000122 033178 521 000117 8243.57%7.50%
LIA
171 969 000113 500174 633 000115 258-1.53%6.97%
AXA ME
162 514 000107 259149 435 00098 6278.75%6.59%
FIDELITY
158 698 000104 741112 964 00074 55640.49%6.43%
AROPE
145 381 00095 951160 799 000106 127-9.59%5.89%
MEDGULF
130 536 00086 154149 940 00098 960-12.94%5.29%
BANCASSURANCE
125 734 00082 984118 506 00078 2146.10%5.10%
ADIR
116 368 00076 803109 569 00072 3166.21%4.72%
LIBANO-SUISSE
97 980 00064 66797 535 00064 3730.46%3.97%
GROUPMED
87 995 00058 077NANANA3.57%
ASSUREX
59 491 00039 26457 187 00037 7434.03%2.41%
CUMBERLAND
44 093 00029 10141 136 00027 1507.19%1.79%
UFA
43 419 00028 65743 380 00028 6310.09%1.76%
SECURITY
41 608 00027 46139 775 00026 2524.61%1.69%
ARABIA
35 986 00023 75141 547 00027 421-13.38%1.46%
ALIG
33 788 00022 300NANANA1.37%
THE CAPITAL
33 713 00022 25134 269 00022 618-1.62%1.37%
SOGECAP
30 290 00019 99127 973 00018 4628.28%1.23%
UCA
27 429 00018 10326 219 00017 3054.61%1.11%
COMMERCIAL
26 891 00017 74821 186 00013 98326.93%1.09%
BEIRUT LIFE
25 077 00016 55122 757 00015 02010.19%1.02%
NORTH ASSURANCE
23 868 00015 75322 324 00014 7346.92%0.97%
TRUST COMPASS
23 672 00015 624NANANA0.96%
CREDIT LIBANAIS
22 343 00014 74622 829 00015 067-2.13%0.91%
AMANA
21 492 00014 185NANANA0.87%
CONFIDENCE
18 804 00012 41113 200 0008 71242.45%0.76%
BURGAN
18 241 00012 03917 046 00011 2507.01%0.74%
MEARCO
18 226 00012 02913 502 0008 91134.99%0.74%
Total top 30 companies
2 337 209 0001 542 5582 091 581 0001 380 44311.74%94.76%
Rest of the market (3)
129 159 00085 245370 148 000244 298-65.11%5.24%
Grand total2 466 368 0001 627 8032 461 729 0001 624 7410.19%100%

(1) Lebanese pound
(2) Variation in local currency
(3) 20 companies
NA: Not available

Read also | Lebanese insurance market in 2019

Lebanese insurance industry: turnover per class of business (2017-2018)

Figures in thousands

 2018 GWP2017 GWP2017-2018 evolution (2)2018 shares
 In LBP (1)In USDIn LBP (1)In USD
Health
759 557 000501 308721 342 000476 0865.30%30.80%
Motor
529 827 000349 686571 237 000377 016-7.25%21.48%
Fire
157 623 000104 031165 026 000108 917-4.49%6.39%
Accident
101 001 00066 661108 950 00071 907-7.30%4.10%
Marine
52 993 00034 97554 804 00036 171-3.30%2.15%
Others (3)
80 808 00053 33383 959 00055 413-3.75%3.28%
Total non life
1 681 809 0001 109 9941 705 318 0001 125 510-1.38%68.19%
Life (4)
784 559 000517 809756 411 000499 2313.72%31.81%
Grand total2 466 368 0001 627 8032 461 729 0001 624 7410.19%100%

(1) Lebanese pound
(2) Variation in local currency
(3) including miscellaneous accident, contractor’s all risks, credit and third party liability
(4) including capitalization and savings

Exchange rate as at31/12/2018 : 1 LBP = 0.00066 USD ; as at 31/12/2017 : 1 LBP = 0.00066 USD

Related article | Insurance companies in Lebanon

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