The annual survey by Al-Bayan magazine of the insurance sector in Lebanon indicates that overall life and non-life premiums reached $1.63bn in 2019, constituting a decrease of 5% from $1.71bn in the previous year, compared to a growth rate of 3.6% in 2018. Life premiums accounted for 30.2% of aggregate premiums in 2019 relative to 31.7% in 2018, while non-life premiums represented 69.8% of the total last year compared to 68.3% in 2018. In real terms, aggregate life and non-life premiums declined by 7.6% in 2019 and by 2.3% in 2018.
 
Byblos Bank's insurance affiliate ADIR generated $70.8m in premiums in 2019, and ranked in 12th place in terms of life and non-life premiums in 2010. The composition of the top 10 insurers was unchanged from 2018. The rank of Bankers Assurance improved by one spot to second place and Fidelity Assurance & Reinsurance moved up by two spots in the rankings to fourth place, while the ranking of MetLife ALICO regressed by one spot to third place and the position of LIA Insurance declined by two spots to sixth place. The ranks of the remaining six insurers were unchanged year-on-year.

The top five insurers in Lebanon accounted for 36.9% of the combined life and non-life markets in 2019 compared to 36.2% in 2018, while the top 10 firms generated 62.3% of overall premiums in 2019 relative to 62.8% in the previous year. In addition, the top 20 firms represented 86.3% of total life and non-life premiums in 2019 compared to 85.5% in 2018.

Further, the insurance penetration rate in Lebanon, or premiums relative to the size of the economy, stood at 2.9% of GDP in 2019 relative to 3.1% of GDP in 2018. Also, Lebanon's insurance density, or premiums per capita, reached $336 in 2019 compared to $353 in 2018.