Commercial Insurance

What Commercial Insurance does

Commercial Insurance S.A.L. is a privately held, family-owned composite insurance company headquartered in Beirut, Lebanon, founded in 1962 by Roger Zaccar following the nationalization of his prior Egyptian insurance venture. Operating under both life and non-life insurance licenses (Insurance Register No. 101/62) and a member of the Association of Insurance Companies in Lebanon (ACAL) since 1974, the firm underwrites a broad product portfolio spanning personal lines (motor, medical with lifetime renewal guarantee, home, life, personal accident, travel, pet, fine art, drone, yacht, and foreign labor), corporate lines (property all risk, workmen's compensation, third party liability, cyber, marine, contractors' all risk, bankers blanket bond, engineering, hull, money, and school insurance), and a microinsurance vertical for vulnerable populations developed with Bill & Melinda Gates Foundation support.

The company earns revenue primarily through recurring insurance premiums collected across its personal, corporate, and microinsurance lines, supplemented by underwriting income and investment returns on float; pricing is quote-based and risk-adjusted rather than publicly disclosed. It distributes through a multi-channel architecture: a direct sales force and an embedded agent/broker network, a 24-hour call center (1280), a POS portal for agents, the consumer-facing Comin mobile app on iOS and Android enabling quote requests and online claim submissions, and physical offices in Beirut (Starco Center) and Zounieh/Zouk Mekael. Medical claims processing is supported by the NEXtCARE online system integrated at hospital and university hospital premises.

Technology infrastructure is described as internal insurance technology supporting online quote requests, policy issuance, claims submission, and the Comin mobile app for self-service; no proprietary AI/ML systems, external APIs, or SDKs are disclosed, and the firm maintains an active website and news presence along with CSR partnerships including the UN Global Compact and IFC/LTA corporate governance recognition. The 11-50 employee headcount is notably lean for the breadth of products underwritten, indicating heavy reliance on agent/broker distribution, reinsurance partners retained for over 50 years, and outsourced claims administration through NEXtCARE rather than employed underwriting scale.

Name

Commercial Insurance

Legal name

COMMERCIAL INSURANCE S.A.L.

Website

https://commercialinsurance.com.lb

Company type

Private

Founded year

1962

Operating status

Operating

Headcount range

11–50 employees

Short description

Commercial Insurance S.A.L. is a Beirut-based, family-owned composite insurer founded in 1962, offering life and non-life coverage to individuals, corporations, and vulnerable populations across Lebanon and select Arab League markets through agents, brokers, a 24/7 call center, and the Comin mobile app.

Ownership category

akta.pro rank

Product category

Commercial Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Life, Health, and Medical Insurance Carriers (52411), Insurance Agencies and Brokerages (524210)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Commercial Property Insurance (FSAJACAE)

akta.pro secondary industries

Commercial Auto & Fleet Insurance (FSAJAMAB), Commercial Umbrella Insurance (FSAJANAB), Fleet & Commercial Auto Liability (FSAJABAA), Commercial Lines Insurance Brokerage (FSAEADAB)

Keywords

• Composite insurance
• Personal insurance
• Commercial insurance
• Microinsurance products
• Risk consulting services

Headquarters

HQ city

Beirut

HQ country

Lebanon

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Premium Revenue: Commercial Insurance generates revenue through insurance premiums collected from policyholders across both personal and corporate lines. As a composite insurance company (life and non-life), it collects recurring premiums and earns income through underwriting results and investment of float.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Commercial Insurance is a Lebanese insurance company providing both life and non-life (general) insurance products. The company serves personal, corporate, and microinsurance segments with offerings spanning motor, medical, home, property, marine, engineering, travel, and specialty lines including cyber, fine art, drone, pet, and labor insurance.

Product overview

Commercial Insurance is a Lebanese insurance company established in 1962 offering a comprehensive portfolio of insurance products across personal, corporate, and microinsurance categories. The company operates as a composite insurer holding both life and non-life insurance licenses. Its personal product suite includes Motor, Medical, Home, Life Insurance, Personal Accident, Yacht & Jet Ski, Drone, Pet, Fine Art, Travel, and Foreign Labor insurance. The corporate portfolio covers Property, Workmen's Compensation, Third Party Liability, Cyber Insurance, Marine, Contractors' All Risk, Bankers Blanket Bond, Engineering, Hull, Corporate Life Insurance, Miscellaneous, Money Insurance, and School Insurance. The company also offers specialized Microinsurance products for vulnerable populations developed in partnership with the Bill & Melinda Gates Foundation. Additional offerings include Guaranteed Renewability medical plans and the Orange Card for cross-border motor coverage in Arab countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Motor Insurance Vehicle insurance coverage for individuals and corporate fleets.
• Medical Insurance Health and medical expense insurance for individuals and corporate groups.
• Home Insurance Residential property insurance covering home contents and structure.
• Foreign Labor Insurance Specialty insurance covering foreign worker risks, including medical and repatriation.
• Drone Insurance Coverage for drone operators against third-party liability and physical damage.
• Fine Art Insurance Specialized coverage for fine art collections against damage and theft.
• Pet Insurance Veterinary expense and pet health insurance for companion animals.
• Travel Insurance Travel-related coverage including trip cancellation, medical, and baggage.
• Property Insurance Commercial and residential property insurance against fire and allied perils.
• Workmen's Compensation Insurance Employer liability coverage for workplace injuries and occupational illness.
• Third Party Liability Insurance General liability coverage protecting against third-party claims.
• Cyber Insurance Coverage for cyber-related losses including data breach and business interruption.
• Marine Insurance Marine cargo and transport insurance covering goods in transit.
• Contractors' All Risk Insurance Construction project coverage against material damage and third-party liability.
• Bankers Blanket Bond Coverage for financial institutions against employee dishonesty and fraud losses.
• Engineering Insurance Insurance coverage for engineering and construction project risks.
• Hull Insurance Marine hull coverage for ships and watercraft against damage.
• Money Insurance Coverage for loss of money in transit or on premises due to theft or damage.
• School Insurance Comprehensive insurance package for educational institutions and students.
• Microinsurance Affordable insurance products designed for low-income and underserved segments.
• Yacht & Jet Ski Insurance Marine leisure insurance coverage for yachts and jet skis.
• Personal Accident Insurance Coverage for accidental death, disability, and medical expenses for individuals.
• Miscellaneous Insurance Other specialized insurance products outside the standard line categories.
• Life Insurance (Personal) Life and savings insurance products marketed to individual consumers.
• Life Insurance (Corporate) Group life and credit life insurance products for corporate clients.

Quantifiable outcome

• More than 90% renewal rate for the past 5 years
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Six partnerships are on record, tiered minor and core.

• International Finance Corporation (IFC) and Lebanese Transparency Association (LTA)minorStrategic or Co-development Partner · 1 January 2009Commercial Insurance was selected as a corporate governance case study for family owned enterprises by the International Finance Corporation (IFC) and the Lebanese Transparency Association (LTA) in 2009.
• Istishfa Hospital NetworkcoreStrategic or Co-development Partner · 1 January 2007Since 2007, Commercial Insurance has been pioneering and signing agreements with different hospitals to enlarge the 'Istishfa' health insurance network. This special medical insurance offers reduced premiums with high-quality network of hospitals and laboratories across Lebanon.
• Bill & Melinda Gates FoundationcoreStrategic or Co-development PartnerCommercial Insurance is a grantee of the Bill & Melinda Gates Foundation for microinsurance, having invested heavily to develop microinsurance products as part of its corporate social responsibility program. A dedicated department serves the most vulnerable populations through this partnership.
• NEXtCAREcoreTechnology or IntegrationNEXtCARE provides an online system for medical claims processing. Commercial Insurance uses NEXtCARE's platform for claim submissions at provider premises and university hospitals where NEXtCARE nurse delegates are present. Claims can be submitted via fax to 01-498323 or email [email protected].
• UN Global CompactcoreStrategic or Co-development PartnerCommercial Insurance has signed the UN Global Compact, adopting sustainable and socially responsible policies to protect human rights, labor laws, the environment, and anti-corruption. This is part of the company's corporate social responsibility commitment.
• Schools (School Fees Protection Plan)minorChannel Partner/ Reseller/ DistributorCommercial Insurance partners with schools to offer the School Fees Insurance Protection Plan, where schools purchase the insurance to pay all tuition fees to the school up to graduation should any parent or student sponsor face an accident.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• MedNet: MedNet is a leading MENA healthcare third-party administrator and managed-care provider, intersecting with Commercial Insurance's medical line through claims administration, network management, and provider-side infrastructure. Comparable to the role NEXtCARE plays for Commercial Insurance's medical book.

Others

• NEXtCARE: NEXtCARE is the third-party administrator that already powers Commercial Insurance's online medical claims system. As a technology/infrastructure partner rather than a direct competitor, NEXtCARE represents both an enabler and a potential dependency for Commercial Insurance's medical operations.

Broad incumbents

• AIG Middle East: AIG serves regional commercial clients with specialty lines (marine, aviation, BBB, cyber, energy) where Commercial Insurance also competes. Larger balance sheet and global network position AIG as a broad incumbent in the same specialty commercial space.
• Allianz Middle East: Allianz operates in MENA with a broad composite product suite (motor, property, life, health, marine) via local partners. Larger global incumbent with overlapping commercial lines, particularly attractive for cross-border corporate clients that Commercial Insurance also courts.

Regional players

• Saudi Enaya Cooperative Insurance: Saudi Enaya offers health, motor, and general insurance primarily in Saudi Arabia with regional expansion ambitions. Comparable product mix and digital distribution orientation, but operating primarily in a different geography than Commercial Insurance.
• Qatar Insurance Company (QIC): QIC is a regional composite insurer headquartered in Doha with MENA-wide operations in motor, medical, marine, energy, and reinsurance. Comparable product breadth and regional ambition, though primarily serving a different home market than Commercial Insurance.

Direct peers

• AXA Middle East: AXA operates a composite insurance franchise across the Middle East (including Lebanon) offering motor, medical, life, property, and commercial lines with multi-channel distribution. Directly comparable to Commercial Insurance's product breadth and regional positioning, though materially larger in scale and capital base.
• Libano-Suisse Insurance: Libano-Suisse is a Lebanese composite insurer serving both personal and commercial segments with motor, medical, property, and life products. Competes head-to-head with Commercial Insurance for Lebanese retail and corporate premiums.
• MetLife Lebanon: MetLife's Lebanese operation offers life, health, and group benefits with strong agent/broker distribution — overlapping directly with Commercial Insurance's life and medical lines for both individual and corporate clients in the same domestic market.
• Bankers Assurance (Lebanon): Bankers Assurance is a long-standing Lebanese composite insurer offering motor, medical, fire, marine, life, and engineering lines through a similar agent/broker network. A close head-to-head competitor in Commercial Insurance's home market with comparable product portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/comins1962
• Facebookfacebook.com/CommercialInsuranceCo
• LinkedInlinkedin.com/company/commercial-insurance-sal

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Commercial Insurance