Fast Market Research recommends "Jordan & Lebanon Insurance Report Q2 2015" from Business Monitor International, now available
Boston, MA -- (SBWIRE) -- 01/29/2015 -- Insurers in Lebanon and Jordan face some key risks during our forecast period through to 2019, including downwards pressure on pricing caused by intense competition within a fragmented marketplace and demographic challenges. In Lebanon, economic uncertainty and currency fluctuations mean we expect to see overall contractions in life and non-life insurance by 2019. The outlook for Jordan is more positive, with healthier domestic economic growth supporting expansion of a range of life and non-life lines.
In 2015, both Lebanon and Jordan are expected to record overall increases in life and non-life insurance premiums written. The key driver of this growth is economic expansion. Healthy domestic economic growth in Jordan, boosted by falling global oil prices, will increase household consumption and demand for products that fill in the gaps in under pressure government services such as health insurance and personal accident cover. Indeed health insurance, which dominates the non-life sector in Lebanon and accounts for over a quarter of premiums in Jordan, will be an outperformer - providing opportunities for both non-life insurers and private healthcare providers. Total insurance premiums are expected to reach USD781mn in Jordan and USD1.39bn in Lebanon.
View Full Report Details and Table of Contents
Throughout the remainder of the forecast period, certain sectors will come under downwards pressure, such as motor vehicle insurance in Lebanon where demand for new cars will likely stagnate as growth in the domestic economy slows down from 2016 onwards. A key concern will be improving control of spiralling motor vehicle insurance costs, with insurers reporting high levels of claims fraud in recent years. Health insurance will continue to be the focus of the non-life sector, as governments in Jordan and Lebanon face increasing pressure on state resources in light of the influx of refugees from the Syrian crisis and as medical care costs increase. The life insurance in Jordan will remain small by global...
The Jordan & Lebanon Insurance Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.
BMI's Jordan & Lebanon Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Jordanian, Lebanese insurance industry.
- Benchmark BMI's independent insurance industry forecasts for Jordan, Lebanon to test other views - a key input for successful budgeting and strategic business planning in Jordan, Lebanon's insurance market.
- Target business opportunities and risks in Jordan, Lebanon through our reviews of latest industry trends, regulatory changes and major deals, investments and macroeconomic developments.
- Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).
BMI Industry View
Summary of BMIs key industry forecasts and views, covering the Life and Non-Life segments, the evolving competitive landscape and business operational risks.
Industry SWOT Analysis
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the insurance sector and within the broader political, economic and business environment.
BMI Industry Forecasts
Historic data series (2005-2014) and forecasts to end-2019 for key industry indicators, supported by explicit assumptions, plus analysis of key risks to the main forecasts. Indicators include:
- Life/non-life Premiums: Total premium growth (USDmn), premium growth (% y-o-y), penetration (% of GDP), density (USD per capita) for Life and Non-Life sectors, claims reinsurance, and assets and liabilities.
- Non-life subsectors: Data on gross written premiums for all major Non-Life segments (motor, transport, property, personal accident, health, general liability and credit financial).
BMIs Insurance Risk Reward Index
BMIs Risk Reward Indices provide investors (Life and Non-Life) looking for opportunities in the region with a clear country-comparative assessment of a market?s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide an indices of highest to lowest appeal to investors, with each position explained.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 800-844-8156
Browse all Financial Services research reports at Fast Market Research
You may also be interested in these related reports:
- New Zealand Insurance Report Q2 2015
- Philippines Insurance Report Q1 2015
- Taiwan Insurance Report Q1 2015
- Malaysia Insurance Report Q1 2015
- Mexico Insurance Report Q1 2015