Magazine date:
Oct 2017 Insurance industry in Lebanon: ranking of companies per turnover in 2015
in thousands| 2015 turnover | 2014 turnover | 2015 market shares | |||
|---|---|---|---|---|---|
| In LBP(1) | In USD | In LBP(1) | In USD | ||
Allianz SNA | 185 330 000 | 124 709 | 174 081 000 | 116 565 | 8.1% |
ALICO - Metlife | 171 159 000 | 115 173 | 164 542 000 | 110 177 | 7.5% |
Medgulf | 171 068 000 | 115 112 | 193 214 000 | 129 376 | 7.4% |
Bankers | 162 353 000 | 109 247 | 176 872 000 | 118 434 | 7.1% |
Libano Arabe | 146 648 000 | 98 679 | 142 510 000 | 95 425 | 6.4% |
AXA M.E. | 143 547 000 | 96 593 | 161 644 000 | 108 237 | 6.3% |
Arope | 141 057 000 | 94 917 | 143 214 000 | 95 896 | 6.1% |
Bancassurance | 112 505 000 | 75 705 | 91 288 000 | 61 126 | 4.9% |
Fidelity | 106 846 000 | 71 897 | 98 336 000 | 65 846 | 4.6% |
Libano-Suisse | 103 653 000 | 69 748 | 104 264 000 | 69 815 | 4.5% |
Adonis (ADIR) | 92 750 000 | 62 411 | 83 318 000 | 55 790 | 4.0% |
Continental trust | 77 402 000 | 52 084 | 512 000 | 343 | 3.4% |
Al-Mashrek | 61 218 000 | 41 194 | 60 098 000 | 40 242 | 2.7% |
ALIG | 51 085 000 | 34 375 | 43 887 000 | 29 387 | 2.2% |
Assurex | 50 478 000 | 33 967 | 43 374 000 | 29 043 | 2.2% |
The Capital | 37 643 000 | 25 330 | 33 783 000 | 22 621 | 1.6% |
Cumberland | 36 838 000 | 24 788 | 42 315 000 | 28 334 | 1.6% |
Arabia | 34 319 000 | 23 093 | 37 080 000 | 24 829 | 1.5% |
Trust Compass | 30 020 000 | 20 200 | 32 777 000 | 21 947 | 1.3% |
Liberty | 27 434 000 | 18 460 | 21 343 000 | 14 291 | 1.2% |
UCA | 26 905 000 | 18 104 | 28 121 000 | 18 830 | 1.2% |
UFA | 26 780 000 | 18 020 | 24 264 000 | 16 247 | 1.2% |
Credit Libanais | 26 377 000 | 17 749 | 33 682 000 | 22 553 | 1.2% |
Security | 25 898 000 | 17 427 | 32 421 000 | 21 709 | 1.1% |
Sogecap | 23 488 000 | 15 805 | 21 291 000 | 14 257 | 1.0% |
North Insurance | 19 220 000 | 12 933 | 18 052 000 | 12 088 | 0.8% |
Commercial | 18 284 000 | 12 303 | 15 904 000 | 10 649 | 0.8% |
Amana | 16 507 000 | 11 108 | 15 285 000 | 10 235 | 0.7% |
Burgan (Arab Life) | 14 544 000 | 9 787 | 12 923 000 | 8 653 | 0.6% |
Beirut Life | 13 911 000 | 9 361 | 12 656 000 | 8 474 | 0.6% |
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) | 144 391 000 | 97 161 | 160 432 000 | 107 425 | 6.2% |
Total | 2 299 658 000 | 1 547 440 | 2 223 483 000 | 1 488 844 | 100% |
(2) 19 companies
Insurance industry in Lebanon: turnover per class of business (2014-2015)
in thousands| 2015 turnover | 2014 turnover | 2015 market shares | |||
|---|---|---|---|---|---|
| In LBP(1) | In USD | In LBP(1) | In USD | ||
Fire | 165 294 000 | 111 226 | 159 414 000 | 106 743 | 7.2% |
Marine | 57 135 000 | 38 446 | 64 095 000 | 42 918 | 2.5% |
Motor | 527 145 000 | 354 716 | 507 553 000 | 339 857 | 22.9% |
Health | 670 788 000 | 451 373 | 655 540 000 | 438 950 | 29.2% |
Accident | 107 677 000 | 72 456 | 110 738 000 | 74 150 | 4.7% |
Others(2) | 78 936 000 | 53 117 | 83 612 000 | 55 987 | 3.4% |
Total non life | 1 606 975 000 | 1 081 334 | 1 580 952 000 | 1 058 605 | 69.9% |
Life | 240 884 000 | 162 091 | 250 323 000 | 167 616 | 10.5% |
Savings | 253 111 000 | 170 318 | 211 214 000 | 141 429 | 11.0% |
Capitalization | 198 688 000 | 133 697 | 180 994 000 | 121 194 | 8.6% |
Total life | 692 683 000 | 466 106 | 642 531 000 | 430 239 | 30.1% |
Grand total | 2 299 658 000 | 1 547 440 | 2 223 483 000 | 1 488 844 | 100% |
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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