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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Lebanese non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Lebanon's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Lebanon non-life (P&C) market as well as trends by line of business. Axco analysts also report on Lebanon's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Lebanese insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Lebanon, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Lebanon, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Lebanon with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
The Lebanese non-life insurance market is characterised by a dominance of motor business (which accounted for 52.82% of non-life (excluding private medical insurance/PMI) gross premium income in 2018. Property was the second largest line of non-life (excluding PMI) business in 2018, accounting for 18.71% and miscellaneous was the third largest with a non-life market share of 16.91%. MAT business accounted for 6.08% of non-life premium income in 2018. Other lines of business represented (individually) less than 5% of gross market ....
This is a brief extract of information; more updated information may be available in the latest published report.
