Life Report

Product Insurance Market Reports Life Rev Lebanon

Key Highlights

Get access to Axco’s online product with the latest market intelligence for the market of your choice


  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Lebanon's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in Lebanon's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Lebanon

The Lebanon life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Lebanon. Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about Lebanon’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Lebanon is available.

Axco’s report describes the regulatory framework that applies to the Lebanese domestic life insurance sector, including whether non-admitted insurance is permitted in Lebanon; as well as the legislation necessary to know regarding Lebanon’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in Lebanon with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including Lebanese market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.


The report describes the public and private healthcare system in Lebanon, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.


Axco reports on the three pillars of Lebanese pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The Lebanon report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Lebanon Life and Benefits Report Extract

Below are brief extracts of information from the Lebanon Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

The life market in Lebanon in 2018 represented 37.93% of total market premium income in all lines of business.

The composition of the market life account in 2018 was:

  • 30.98% protection business

  • 42.18% protection with savings business

  • 26.84% protection with unit-linked savings business ....


The position as regards the current state of the life insurance market as reported under subheading Summary and Trends - Life Insurance applies equally (with exception of comments relative to life protection insurance) to pensions.

The fact that the state welfare system does not currently provide an old age pension, merely an inadequate lump sum on retirement, has in the past prompted individuals ....


The market health insurance (PMI) account is recorded in Appendix No 1 to this report as PA and health business, although the statistics actually relate solely to health insurance business (classified by the regulator as a non-life class of business). PA business is recorded in a miscellaneous non-life category and cannot be separately identified.

The use of private medical facilities and PMI in Lebanon is significant in Lebanon, accounting for a reported 50.02% ....

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