Lebanese insurance market in 2017: ranking of insurance companies

Magazine Issue:

China’s awakening sends shockwaves around the world [3]

Magazine date:

Oct 2018

Lebanese insurance market in 2018: Ranking of insurers per GWP

Figures in thousands

Compagny	2017 Turnover		2016 Turnover		2016-2017 evolution ⁽²⁾	2017 market shares
Compagny	In LBP ⁽¹⁾	In USD	In LBP ⁽¹⁾	In USD	2016-2017 evolution ⁽²⁾	2017 market shares
Allianz SNA	212 230 000	140 072	195 976 000	133 264	8.29%	9.25%
ALICO - Metlife	183 119 000	120 859	183 459 000	124 752	-0.19%	7.98%
Bankers	178 521 000	117 824	167 263 000	113 739	6.73%	7.78%
LIA	174 633 000	115 258	158 073 000	107 490	10.47%	7.61%
Arope	160 799 000	106 127	152 818 000	103 916	5.22%	7.01%
Medgulf	149 940 000	98 960	173 406 000	117 916	-13.53%	6.54%
AXA M.E.	149 435 000	98 627	143 926 000	97 870	3.83%	6.51%
Bancassurance	118 506 000	78 214	114 616 000	77 939	3.39%	5.17%
Fidelity Insurance	112 964 000	74 556	108 985 000	74 110	3.65%	4.92%
ADIR Insurance	109 569 000	72 316	101 054 000	68 717	8.43%	4.78%
Libano-Suisse	97 535 000	64 373	104 239 000	70 883	-6.43%	4.25%
Continental trust	83 572 000	55 158	76 369 000	51 931	9.43%	3.64%
Assurex	57 187 000	37 743	52 216 000	35 507	9.52%	2.49%
UFA Assurances	43 380 000	28 631	34 562 000	23 502	25.51%	1.89%
Arabia Insurance	41 547 000	27 421	37 058 000	25 199	12.11%	1.81%
Cumberland	41 136 000	27 150	37 982 000	25 828	8.30%	1.79%
Security Insurance	39 775 000	26 252	28 213 000	19 185	40.98%	1.73%
The Capital	34 269 000	22 618	35 307 000	24 009	-2.94%	1.49%
Sogecap	27 973 000	18 462	26 413 000	17 961	5.91%	1.22%
Liberty Insurance	26 283 000	17 347	28 662 000	19 490	-8.30%	1.15%
United Commercial Assurance	26 219 000	17 305	24 811 000	16 871	5.67%	1.14%
Credit Libanais	22 829 000	15 067	25 033 000	17 022	-8.80%	1.00%
Beirut Life	22 757 000	15 020	17 067 000	11 606	33.34%	0.99%
North Insurance	22 324 000	14 734	18 686 000	12 706	19.47%	0.97%
Commercial	21 186 000	13 983	18 468 000	12 558	14.72%	0.92%
Burgan (Arab Life)	17 046 000	11 250	15 929 000	10 832	7.01%	0.74%
Phénicienne	16 568 000	10 935	13 907 000	9 457	19.13%	0.72%
Victoire	13 530 000	8 930	13 487 000	9 171	0.32%	0.59%
Mearco	13 502 000	8 911	8 917 000	6 064	51.42%	0.59%
Confidence	13 200 000	8 712	11 978 000	8 145	10.20%	0.58%
Total top 30 companies	2 231 534 000	1 472 812	2 128 880 000	1 447 638	4.82%	97.27%
Rest of the market ⁽³⁾	62 569 000	41 296	239 805 000	163 067	-73.90%	2.73%
Total	2 294 103 000	1 514 108	2 368 685 000	1 610 706	-3.15%	100%

⁽¹⁾ Lebanese pound
⁽²⁾ including miscellaneous accident, contractor’s all risks , credit and third party liability
⁽³⁾ 20 companies

Lebanese insurance industry: turnover per class of business (2016-2017)

Figures in thousands

	2017 turnover		2016 turnover		2017market shares
	In LBP ⁽¹⁾	In USD	In LBP ⁽¹⁾	In USD	2017market shares
Fire	148 438 000	97 969	162 947 000	110 804	6.47%
Marine	49 554 000	32 706	48 038 000	32 666	2.16%
Motor	486 827 000	321 306	545 877 000	371 196	21.22%
Health	685 023 000	452 115	692 318 000	470 776	29.86%
Accident	96 880 000	63 941	109 019 000	74 133	4.22%
Others ⁽²⁾	77 230 000	50 972	82 643 000	56 197	3.37%
Total non life	1 543 952 000	1 019 008	1 640 842 000	1 115 773	67.30%
Life ⁽³⁾	750 151 000	495 100	727 843 000	494 933	32.70%
Grand total	2 294 103 000	1 514 108	2 368 685 000	1 610 706	100%

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

Exchange rate as at 31/12/2017: 1 LBP=0.00066 USD; as at 31/12/2016: 1 LBP=0.00068 USD

Lebanese insurance industry: Turnover per class of business in 2017

Read also | Lebanese insurance industry in 2018 [4]