Jordan & Lebanon Insurance Report - Business Monitor International - Industry Reports

Jordan & Lebanon Insurance Report

Jordan & Lebanon Insurance Report - Business Monitor International - Industry Reports
Jordan & Lebanon Insurance Report
Published Aug 13, 2016
51 pages — Published Aug 13, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

< ALACRA META ABSTRACT>BMI View: Our general view of Lebanon s insurance sector is the same as it was in Q---. The sector is small and fragmented, with many sub-scale players. ...Price competition will, we think, hamper the development of the motor vehicle and property insurance sub- sectors. The prospects for the protection and savings offerings of the life insurers are restrained by the fact that all households who understand and can afford life insurance are already using it. Price competition will, we think, hamper the development of the motor vehicle and property insurance sub- sectors. ...The prospects for the protection and savings offerings of the life insurers are restrained by the fact that all households who understand and can afford life insurance are already using it.

...One indicator that life insurance is well established in Lebanon is the rapid rise in the gross loss ratio - from -- or so in ---- to -- in ----. An already large - and increasing - number of policyholders have reached the stage where they can collect benefits from their insurers. ...The global financial crisis hit investment returns of the insurers - and the benefits payable to holders of index-linked products. Looking forward, we think that it is reasonable to look for a further rise in the gross loss ratio: however, the higher absolute level of claims means that the growth rate will likely be lower than it has been in the past. Claims have been growing annually at rates that are well into single digits. ...Looking forward, we think that it is reasonable to look for a further rise in the gross loss ratio: however, the higher absolute level of claims means that the growth rate will likely be lower than it has been in the past.

...Accounting for about one quarter of all premiums in the overall insurance sector, life insurance is better established in Lebanon than in other countries in the Middle East and North Africa (MENA) region. The segment includes a number of strong local groups - many of which have affiliations with major banks (ie, distribution partners) and/or regional footprints. ...

  
Source:
Document ID
2058-6701
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Jordan & Lebanon Insurance Report" Aug 13, 2016. Alacra Store. Dec 02, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Jordan-Lebanon-Insurance-Report-2026-1686>
  
APA:
Business Monitor International - Industry Reports. (2016). Jordan & Lebanon Insurance Report Aug 13, 2016. New York, NY: Alacra Store. Retrieved Dec 02, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Jordan-Lebanon-Insurance-Report-2026-1686>
  
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