Publication:
Lebanon - The Insurance Sector : A Market and Risk Based Review

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dc.contributor.authorWorld Bank
dc.date.accessioned2014-01-29T21:04:55Z
dc.date.available2014-01-29T21:04:55Z
dc.date.issued2013-12
dc.description.abstractThis note summarizes the conclusions of the review of the insurance sector in the Lebanon as part of the Financial Sector Assessment Program (FSAP). The main objectives of the assessment are to review the performance and structure of the insurance sector with respect to: the potential exposure of the sector to vulnerabilities, either generated from the sector or in response to other circumstances outside the sector that could either be magnified or dampened by the sector; the potential for the sector to grow and develop, in its own context and also to contribute to the overall long term growth and development of the economy and the well-being of the Argentine people; and the relationship between the oversight and regulatory arrangements for the sector against international norms and best practices. The note focusses, primarily, on the 'developmental' objective. The note is prepared in varying levels of detail selectively identifying then developing issues and based firmly in an analysis of the existing market situation and performance. The insurance sector is material compared to other markets in the region but small by worldwide standards. The sector has grown in nominal and real terms supported by growth in motor and medical insurance. Life insurance growth has been supported by the development of a bancassurance model, including the introduction of single premium credit life products.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/12/18862283/lebanon-financial-sector-assessment-program-insurance-sector-market-risk-based-review-technical-note
dc.identifier.doi10.1596/16685
dc.identifier.urihttps://hdl.handle.net/10986/16685
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectAGENTS
dc.subjectBANK POLICY
dc.subjectBARRIER
dc.subjectBARRIER TO ENTRY
dc.subjectBROKER
dc.subjectBROKERAGE
dc.subjectBROKERAGE FIRMS
dc.subjectBROKERS
dc.subjectBUSINESS OPPORTUNITIES
dc.subjectCAPITAL CONSTRAINTS
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCASH FLOW
dc.subjectCASH FLOW UNDERWRITING
dc.subjectCATASTROPHES
dc.subjectCOMMISSIONS
dc.subjectCOMPENSATION
dc.subjectCOMPLEX RISK
dc.subjectCOMPULSORY INSURANCE
dc.subjectCONSUMER PROTECTION
dc.subjectCORPORATE BONDS
dc.subjectCORPORATE GOVERNANCE
dc.subjectCOVERAGE
dc.subjectCURRENCY
dc.subjectDEMOGRAPHIC
dc.subjectDEPOSITS
dc.subjectEXPENSE RATIO
dc.subjectEXPOSURE
dc.subjectEXPOSURES
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SUPERVISION
dc.subjectFIXED ASSETS
dc.subjectFIXED INTEREST
dc.subjectFOREIGN INSURERS
dc.subjectFRAUD
dc.subjectGOVERNMENT BONDS
dc.subjectGROWTH RATES
dc.subjectINCOME
dc.subjectINFLATION
dc.subjectINFORMAL INSURANCE
dc.subjectINSURABILITY
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE COMPANY INVESTMENTS
dc.subjectINSURANCE COVERAGE
dc.subjectINSURANCE GROWTH
dc.subjectINSURANCE LAW
dc.subjectINSURANCE MARKET
dc.subjectINSURANCE MARKETS
dc.subjectINSURANCE PENETRATION
dc.subjectINSURANCE PREMIUM
dc.subjectINSURANCE PRODUCTS
dc.subjectINSURANCE REGULATION
dc.subjectINSURANCE SUPERVISORS
dc.subjectINSURANCES
dc.subjectINSURER
dc.subjectINSURERS
dc.subjectINTERNAL CONTROL
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTMENT OPTIONS
dc.subjectINVESTMENT PRODUCTS
dc.subjectJURISDICTION
dc.subjectJURISDICTIONS
dc.subjectLAWS
dc.subjectLEVEL PLAYING FIELD
dc.subjectLIABILITY
dc.subjectLIFE INSURANCE
dc.subjectLIFE INSURANCE PREMIUM
dc.subjectLIFE INSURANCES
dc.subjectLIFE INSURERS
dc.subjectLIQUID ASSETS
dc.subjectLOCAL CURRENCY
dc.subjectLONG TERM SAVING
dc.subjectLOSS RATIO
dc.subjectMARGIN REQUIREMENT
dc.subjectMARGIN REQUIREMENTS
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET PENETRATION
dc.subjectMARKET SHARE
dc.subjectMARKET SIZE
dc.subjectMATURITY
dc.subjectMEDICAL INSURANCE
dc.subjectMINIMUM CAPITAL REQUIREMENTS
dc.subjectMOTOR INSURANCE
dc.subjectNEW MARKETS
dc.subjectNEW PRODUCTS
dc.subjectNON LIFE INSURANCE
dc.subjectNON-LIFE INSURANCE
dc.subjectOPERATIONAL RISK
dc.subjectPENSION
dc.subjectPENSION PRODUCT
dc.subjectPORTFOLIO
dc.subjectPREMIUMS
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPROFITABILITY
dc.subjectPROTECTION OF POLICYHOLDER
dc.subjectRATE OF GROWTH
dc.subjectRATES
dc.subjectREGULATORY SYSTEM
dc.subjectREINSURANCE
dc.subjectREINSURERS
dc.subjectRESERVES
dc.subjectRETIREMENT SAVING
dc.subjectRISK ASSESSMENT
dc.subjectRISK EXPOSURE
dc.subjectRISK MANAGEMENT
dc.subjectRISK PROFILE
dc.subjectSAVINGS
dc.subjectSECURITIES
dc.subjectSHAREHOLDERS
dc.subjectSOLVENCY
dc.subjectSTOCKS
dc.subjectTAX
dc.subjectTAX EXEMPTIONS
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTERM DEPOSITS
dc.titleLebanon - The Insurance Sector : A Market and Risk Based Reviewen
dspace.entity.typePublication
okr.date.disclosure2014-01-28
okr.date.doiregistration2025-05-07T12:37:01.027020Z
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program (FSAP)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2013/12/18862283/lebanon-financial-sector-assessment-program-insurance-sector-market-risk-based-review-technical-note
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid685281468054667508
okr.identifier.externaldocumentum000333037_20140128103615
okr.identifier.internaldocumentum18862283
okr.identifier.report84238
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/01/28/000333037_20140128103615/Rendered/PDF/842380ESW0whit0Box0382136B00PUBLIC0.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.countryLebanon
okr.sectorFinance :: General finance sector
okr.themeInternational financial standards and systems
okr.themeFinancial and private sector development
okr.topicInsurance and Risk Mitigation
okr.topicLaw and Development::Insurance Law
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Non Bank Financial Institutions
okr.topicFinance and Financial Sector Development::Debt Markets
okr.unitFinancial Sector Assessment Prog (FFSFP)
okr.volume1 of 1
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