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New Market Research Report: Jordan & Lebanon Insurance Report 2014


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2013-12-13 11:37:53 - New Financial Services research report from Business Monitor International is now available from Fast Market Research

At first glance, it is obvious that many of the weaknesses that are common to (almost) all the national insurance markets of the Middle East & North Africa (MENA) region feature in Lebanon and Jordan. However, both markets are patently open to competition from foreign insurers. In both cases, local companies are resilient. It is easy to find examples of innovation.

As of early 2014, it remains obvious that many of the weaknesses that are common to (almost) all the national insurance markets of the Middle East & North Africa (MENA) region feature in Lebanon and Jordan. Neither is a particularly large market in absolute terms - nor will either ever be so. In both countries, there are literally dozens of

undersized insurers, focusing mainly non non-life lines. They are lacking economies of scale, access to capital and ability to write risks without buying a lot of reinsurance. Life insurance is under-developed. Insurance laws may have become outdated.

Full Report Details at
- www.fastmr.com/prod/723597_jordan_lebanon_insurance_report_2014. ..

Nevertheless, there are obvious strengths, which are not necessarily shared by the other MENA markets. First, foreign capital and know-how is thick on the ground in both Lebanon and Jordan. In no particular order, Allianz, AXA, AIG, Sogecap, Munich Re and Zurich each have a presence or an affiliate in at least one of the two markets. MetLife Alico is the dominant player in life insurance in Jordan and may well be so in Lebanon as well. Several of the key regional insurers - such as MedGulf, Libano-Suisse and Arabia Insurance - are based in Lebanon even if they are mostly underwriting risks in other countries in the region.

Interestingly, the largest insurer in Jordan - Arab Orient - is an affiliate of Kuwait's Gulf Insurance. More crucially, the active trade associations - ACAL in Lebanon and JOIF in Jordan - are working with the regulators to resolve the easily identifiable problems. In both countries, the insurance laws are being modernised. ACAL is advocating changes that will compel insurance companies to become members - and is promoting training and professional development of brokers. ACAL's members are also collaborating through the Motor Risk Centre to improve information on motor risks and to combat fraud more effectively.

The regulator in Jordan is looking to introduce a number of compulsory lines - which will provide new opportunities for insurers. In both cases, the regulators have indicated that, in principle, they would be supportive of industry consolidation.

Collectively, these initiatives suggest to us that the insurers, the trade associations and the regulators are ahead of most of their counterparts in other MENA countries. In the meantime, medical insurance and life insurance are growing steadily in Lebanon, while Takaful is flourishing in Jordan.

Partial Table of Contents:

BMI Industry View
- Table: Lebanon Total Premiums, 2010-2017
- Table: Jordan Total Premiums, 2010-2017
SWOT
- Political
- Economic
- Business Environment
- Political
- Economic
- Business Environment
Industry Forecast
- Industry Forecast - Life
- Table: Lebanon Total Life Premiums, 2010-2017
- Table: Jordan - Total Life Premiums - 2010-2017
- Industry Forecast - Non-Life
- Table: Lebanon Total Non-Life Premiums, 2010-2017
- Table: Jordan Non-Life Premiums - 2010-2017
Industry Risk Reward Ratings
- Table: Jordan's Insurance Risk/Reward Rating
- Table: Lebanon's Insurance Risk/Reward Rating
- MENA Insurance Risk/Reward Ratings 2014
- Table: MENA Insurance Risk/Reward Ratings
Market Overview
- Market Overview - Life
- Market Overview - Non-Life
Industry Trends And Developments
- Life Growth Drivers and Risk Management Projections
- Table: Insurance Key Drivers, Demographics 2010-2017
- Non Life Growth Drivers and Risk Management Projections
- Macroeconomic Forecast
- Political Outlook
- Table: Middle East And Africa Regional Security Ratings
- Healthcare Sector
- Epidemiology
- Table: Insurance Key Drivers, Disease Adjusted Life Years 2010-2017
- Autos
- Life Growth Drivers and Risk Management Projections
- Table: Insurance Key Drivers, Demographics 2010-2017
- Non Life Growth Drivers and Risk Management Projections
- Macroeconomic Forecast
- Political Outlook
- Table: Middle East And Africa Regional Security Ratings
- Healthcare Sector
- Epidemiology
- Table: Insurance Key Drivers, Disease Adjusted Life Years 2010-2017
Competitive Landscape
- Competitive Landscape - Middle East and North Africa Q4 2013
Company Profile
- AIG
- Allianz
- Arabia Insurance s.a.l.
- Arab Orient Insurance Company
- AXA Group
- Gulf Insurance Company
- Islamic Arab Insurance Company (Salama)
- MedGulf
- MetLife ALICO
- Nest Investments (Holdings) Group/Trust International companies
- Royal London 360deg
- Zurich Insurance Group
Regional Overview
- Middle East and Africa Overview Life Sector Overview
- Table: Life Premiums (US$mn) 2010-2017

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=723597&dt=t

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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