SNA

Name

SNA

Legal name

SNA s.a.l.

Website

https://sna.com.lb

Company type

Private

Founded year

1963

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Beirut

HQ country

Lebanon

HQ region

Middle East

Offices16 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Individual Insurance Premiums: SNA collects recurring insurance premiums from individual customers across life, health, motor, property, and travel insurance product lines. Premiums are collected monthly, quarterly, semi-annually, or annually as per policy terms.
2. Group/Corporate Insurance Premiums: SNA provides group health, life, accident, and retirement insurance plans to corporate clients. Premiums are collected under annual or multi-year group policy contracts, with contributions potentially shared between employer and employee.
3. Investment-Linked (UL) Product Charges: SNA's unit-linked (UL) insurance products (Spiral Prime UL, Symphonia UL, Spiral UL) generate revenue through premium charges, fund management fees, and investment allocation. Fund performance data shows various internal and external fund options (Global Gate, Pimco, Amundi, etc.).
4. Travel Insurance Single-Trip and Annual Policies: SNA sells single-trip travel insurance policies (Travel Plus, Travel Extra, Travel Gold) and annual multi-trip policies with optional winter sports coverage. Policies are sold online via credit card payment.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

SNA is a Lebanese insurance company offering a comprehensive portfolio of personal and corporate insurance products, including life, health, motor, property, travel, personal accident, expat, and specialty insurance. The company distributes these products through a nationwide branch network of 16+ offices, 350+ independent sales agents, an online sales portal, and partnerships with NEXtCARE (claims/provider network) and Allianz Care (international healthcare). It also provides digital self-service via a mobile application and a Client Web Space portal.

Product overview

SNA is a Lebanese insurance company offering a comprehensive portfolio of insurance products across individual and corporate segments. The individual products are organized under the Spiral brand sub-categories: Spiral Life (Spiral Prime UL unit-linked life insurance, Spiral Term term life insurance), Spiral Safety (Motor, Health, Travel, Property, Personal Accident, and Expat insurance), and International Healthcare Plans in partnership with Allianz Care. Corporate products include Group Life & Health offerings (Group Health, Group Life & Accident, Group Retirement with Power Plan), and Corporate Specialty Insurance (Engineering, Property & Casualty, Cargo, Yacht). The company also provides digital service platforms including a mobile app and Client Web Space for policy management. SNA was established in 1963 and became a wholly owned subsidiary of Global Gate Capital in 2023, operating from over 16 offices with more than 100,000 customers.

Differentiator

Problem solved

Functional benefit

Brands

• Spiral Prime UL: Life investment and protection plans offering retirement, savings, and education benefits.
• Spiral Term
• Spiral Safety
• Spiral Life
• Spiral UL
• Symphonia Funds

Products and services

• Spiral Prime UL Unit-linked life insurance solution for individuals combining death benefits, retirement savings, and children's education funding with flexible fund allocation across internal and external funds (Global Gate, Pimco, Amundi, etc.).
• Spiral Term Term life insurance policy for individuals providing financial protection against death or disabilities, with renewability options and passive war risk coverage.
• Spiral Safety Health Insurance Health insurance for individuals covering hospitalization, emergency treatments, parental accommodation, and passive war risk with access to network of hospitals and polyclinics.
• Spiral Safety Motor Insurance Motor vehicle insurance for individuals and vehicle owners providing third-party liability, own damage coverage, fire/theft protection, 24/7 road assistance, and agency repair options.
• Spiral Safety Property Insurance Multirisk insurance for individuals covering damages to buildings, contents, and precious objects from fire, theft, natural disasters, and other unforeseen events.
• Spiral Safety Travel Insurance Travel insurance for individuals providing coverage for trip cancellation, medical expenses, personal possessions, and emergency assistance, available as single-trip (Travel Plus, Travel Extra, Travel Gold) or annual multi-trip policies with optional winter sports coverage.
• Spiral Safety Personal Accident Insurance Personal accident coverage for individuals providing worldwide protection, disability benefits, weekly income payments, and medical hospitalization benefits for accident-related incidents.
• Spiral Safety Expat Insurance Insurance package for foreign nationals working in Lebanon covering annual hospitalization up to USD 23,000, repatriation up to USD 8,000, and personal accident benefits.
• International Healthcare Plans Global health insurance offered in partnership with Allianz Care providing international coverage with flexible modular plans for in-patient, out-patient, dental, wellness, and maternity benefits, with cashless access and 24/7 multilingual helpline.
• Group Health Insurance Group health insurance for corporate clients offering in-patient basic and special coverage plus optional out-patient plans for company employees and organization members.
• Group Life & Accident Insurance Corporate life and personal accident insurance for groups covering critical illness, natural death, passive war, and total/permanent disabilities with flexible payment options.
• Group Retirement Insurance (Power Plan) Group retirement saving plan for corporate clients allowing employees to accumulate savings with minimum $25 contributions, tax-deferred growth, and payout options at age 64.
• Engineering Insurance Engineering coverage for corporate and industrial clients including Contractors' All Risks, Erection All Risks, Machinery Breakdown, and Electronic Equipment insurance for construction and industrial risks.
• Property and Casualty Insurance Corporate property and liability coverage including Fire and Allied Perils, Property All Risks, Money Insurance, Fidelity Guarantee, Workmen Compensation, and Third Party/Product Liability.
• Cargo Insurance Coverage for loss or damage to goods during transportation by sea, air, or land, available for single shipments or annual coverage for corporate clients.
• Yacht Insurance Comprehensive yacht coverage protecting private pleasure boats against risks including fire, explosion, sea perils, sinking, collision, earthquake, and machinery damage, plus third-party liability.

Quantifiable outcome

• Customer base exceeding 100,000 policyholders served across Lebanon
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Allianz CarecoreStrategic or Co-development PartnerSNA distributes international health insurance plans in collaboration with Allianz Care, the award-winning international health and life division of Allianz Partners. This partnership provides access to premium healthcare through fast, flexible, and reliable services, with modular plans covering in-patient, out-patient, dental, wellness, maternity, and repatriation options, backed by a global provider network.
• NEXtCARE LebanoncoreTechnology or IntegrationSNA partners with NEXtCARE for medical claims management and provider network services. NEXtCARE provides the Lumi mobile app enabling policyholders to access digital insurance cards, submit and track medical claims, and access a direct billing network of hospitals, clinics, pharmacies, and diagnostic centers across Lebanon.
• Global Gate Capital (Fund Manager)minorOthersSNA offers investment-linked (UL) insurance products that invest in funds managed by or associated with Global Gate Capital, including Global Gate Fixed Income Fund and Global Gate Multi-Asset Balanced Fund. These funds are available within the Spiral UL, Symphonia UL, and Prime UL product lines.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Bupa Arabia for Cooperative Insurance: Leading Saudi health insurer specializing in health and group benefits with strong corporate client focus. Comparable to SNA's group health and international health lines via Allianz Care partnership, particularly for corporate benefits clients.

Regional players

• Saudi National Insurance (Walaa): Leading Saudi-listed multi-line insurer with comprehensive life, health, motor, and P&C products. Comparable as a regional multi-line carrier with agency distribution and corporate group benefits focus, though operating primarily in Saudi Arabia rather than Lebanon.
• ADNIC (Abu Dhabi National Insurance Company): UAE-listed multi-line insurer offering personal and commercial lines (motor, health, property, marine). Comparable product portfolio and digital servicing approach, though UAE-focused rather than Lebanese.
• Tawuniya (The Company for Cooperative Insurance): Largest Saudi-listed insurer offering health, motor, and P&C lines with strong agency and digital distribution. Comparable as a multi-line regional carrier with similar product breadth to SNA, though serving a different primary geography.

Broad incumbents

• Allianz Insurance Middle East: The former parent-affiliate of SNA continues to operate in the broader region. Highly comparable product overlap (life, health, motor, P&C) and shared heritage, though now a separate entity since SNA's 2023 transition.
• MetLife Lebanon (formerly Alico): Lebanese arm of MetLife offering life insurance, savings, and retirement products. Comparable to SNA on life and group retirement lines, especially as both serve corporate benefits clients in Lebanon.
• AXA Middle East (AXA Cooperative Insurance): Regional arm of global insurance giant AXA operating across the Middle East with multi-line life, health, and P&C offerings. Comparable to SNA as an internationally-backed multi-line insurer serving Lebanese and broader regional customers.

Direct peers

• Mediterranean Insurance Brokers Group (Medgulf): Lebanese insurance group providing life, health, and P&C coverage across individual and corporate segments. Comparable multi-product, multi-channel model serving the same Lebanese customer base as SNA.
• Bankers Assurance (BLC Insurance): One of Lebanon's largest multi-line insurers offering life, health, motor, and P&C products with a broad branch network. Directly comparable to SNA on product mix, geographic focus, and distribution-led GTM within the Lebanese market.
• Libano-Suisse Insurance (Trust Insurance): Established Lebanese insurer offering life, health, motor, and property products through a similar agency-and-branch model. Direct competitor to SNA in Lebanon on both individual and group lines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@snalebanon
• Facebookfacebook.com/SNALEBANON
• LinkedInlinkedin.com/company/sna-lebanon
• Instagraminstagram.com/snalebanon

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 SNA