Lebanese insurance industry: Ranking of insurance companies in 2018
Ranking of the Lebanese insurance companies in 2018 per GWP
Figures in thousands
| 2018 GWP | 2017 GWP | 2017-2018 evolution (2) | 2018 shares | |||
|---|---|---|---|---|---|---|
| In LBP (1) | In USD | In LBP (1) | In USD | |||
ALLIANZ SNA | 219 808 000 | 145 073 | 212 230 000 | 140 072 | 3.57% | 8.91% |
ALICO | 186 897 000 | 123 352 | 183 119 000 | 120 859 | 2.06% | 7.58% |
BANKERS | 184 898 000 | 122 033 | 178 521 000 | 117 824 | 3.57% | 7.50% |
LIA | 171 969 000 | 113 500 | 174 633 000 | 115 258 | -1.53% | 6.97% |
AXA ME | 162 514 000 | 107 259 | 149 435 000 | 98 627 | 8.75% | 6.59% |
FIDELITY | 158 698 000 | 104 741 | 112 964 000 | 74 556 | 40.49% | 6.43% |
AROPE | 145 381 000 | 95 951 | 160 799 000 | 106 127 | -9.59% | 5.89% |
MEDGULF | 130 536 000 | 86 154 | 149 940 000 | 98 960 | -12.94% | 5.29% |
BANCASSURANCE | 125 734 000 | 82 984 | 118 506 000 | 78 214 | 6.10% | 5.10% |
ADIR | 116 368 000 | 76 803 | 109 569 000 | 72 316 | 6.21% | 4.72% |
LIBANO-SUISSE | 97 980 000 | 64 667 | 97 535 000 | 64 373 | 0.46% | 3.97% |
GROUPMED | 87 995 000 | 58 077 | NA | NA | NA | 3.57% |
ASSUREX | 59 491 000 | 39 264 | 57 187 000 | 37 743 | 4.03% | 2.41% |
CUMBERLAND | 44 093 000 | 29 101 | 41 136 000 | 27 150 | 7.19% | 1.79% |
UFA | 43 419 000 | 28 657 | 43 380 000 | 28 631 | 0.09% | 1.76% |
SECURITY | 41 608 000 | 27 461 | 39 775 000 | 26 252 | 4.61% | 1.69% |
ARABIA | 35 986 000 | 23 751 | 41 547 000 | 27 421 | -13.38% | 1.46% |
ALIG | 33 788 000 | 22 300 | NA | NA | NA | 1.37% |
THE CAPITAL | 33 713 000 | 22 251 | 34 269 000 | 22 618 | -1.62% | 1.37% |
SOGECAP | 30 290 000 | 19 991 | 27 973 000 | 18 462 | 8.28% | 1.23% |
UCA | 27 429 000 | 18 103 | 26 219 000 | 17 305 | 4.61% | 1.11% |
COMMERCIAL | 26 891 000 | 17 748 | 21 186 000 | 13 983 | 26.93% | 1.09% |
BEIRUT LIFE | 25 077 000 | 16 551 | 22 757 000 | 15 020 | 10.19% | 1.02% |
NORTH ASSURANCE | 23 868 000 | 15 753 | 22 324 000 | 14 734 | 6.92% | 0.97% |
TRUST COMPASS | 23 672 000 | 15 624 | NA | NA | NA | 0.96% |
CREDIT LIBANAIS | 22 343 000 | 14 746 | 22 829 000 | 15 067 | -2.13% | 0.91% |
AMANA | 21 492 000 | 14 185 | NA | NA | NA | 0.87% |
CONFIDENCE | 18 804 000 | 12 411 | 13 200 000 | 8 712 | 42.45% | 0.76% |
BURGAN | 18 241 000 | 12 039 | 17 046 000 | 11 250 | 7.01% | 0.74% |
MEARCO | 18 226 000 | 12 029 | 13 502 000 | 8 911 | 34.99% | 0.74% |
Total top 30 companies | 2 337 209 000 | 1 542 558 | 2 091 581 000 | 1 380 443 | 11.74% | 94.76% |
Rest of the market (3) | 129 159 000 | 85 245 | 370 148 000 | 244 298 | -65.11% | 5.24% |
| Grand total | 2 466 368 000 | 1 627 803 | 2 461 729 000 | 1 624 741 | 0.19% | 100% |
(1) Lebanese pound
(2) Variation in local currency
(3) 20 companies
NA: Not available
Read also | Top 30 Lebanese insurers in 2019
Lebanese insurance industry: turnover per class of business (2017-2018)
Figures in thousands
| 2018 GWP | 2017 GWP | 2017-2018 evolution (2) | 2018 shares | |||
|---|---|---|---|---|---|---|
| In LBP (1) | In USD | In LBP (1) | In USD | |||
Health | 759 557 000 | 501 308 | 721 342 000 | 476 086 | 5.30% | 30.80% |
Motor | 529 827 000 | 349 686 | 571 237 000 | 377 016 | -7.25% | 21.48% |
Fire | 157 623 000 | 104 031 | 165 026 000 | 108 917 | -4.49% | 6.39% |
Accident | 101 001 000 | 66 661 | 108 950 000 | 71 907 | -7.30% | 4.10% |
Marine | 52 993 000 | 34 975 | 54 804 000 | 36 171 | -3.30% | 2.15% |
Others (3) | 80 808 000 | 53 333 | 83 959 000 | 55 413 | -3.75% | 3.28% |
Total non life | 1 681 809 000 | 1 109 994 | 1 705 318 000 | 1 125 510 | -1.38% | 68.19% |
Life (4) | 784 559 000 | 517 809 | 756 411 000 | 499 231 | 3.72% | 31.81% |
| Grand total | 2 466 368 000 | 1 627 803 | 2 461 729 000 | 1 624 741 | 0.19% | 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
