BERYTUS Insurance

Name

BERYTUS Insurance

Legal name

BERYTUS Insurance and Reinsurance Co. S.A.L.

Website

https://berytus.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

General Insurance

NAICS

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

SIC

Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321)

akta.pro primary industry

Marine & Aviation Insurance (FSAJAMAI)

akta.pro secondary industries

Commercial General Liability (CGL) (FSAJADAA), Personal Accident Insurance (Injury, Disability & Income Benefit) (FSAJAJAD), International/Expatriate Individual Health Insurance (FSAIAEAH)

Keywords

• General insurance services
• Motor insurance coverage
• Property insurance products
• Marine insurance solutions
• Medical insurance plans

Headquarters

HQ city

Beirut

HQ country

Lebanon

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Insurance Premiums: BERYTUS Insurance generates revenue through collection of insurance premiums from policyholders across multiple insurance product lines including Motor, Fire, Marine, Medical, Engineering, Burglary, Personal Accident, Workmen Compensation, Public Liability, Expatriate, and Cash In Safe/Cash In Transit coverage.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

BERYTUS Insurance is a full-service Lebanese general insurance company providing motor, fire, marine, medical, engineering, burglary, cash-in-safe/cash-in-transit, personal accident, workmen compensation, public liability, and expatriate health insurance products to individuals and businesses in Lebanon. The company underwrites policies on a quote-based, risk-assessed basis and operates a branch network for direct sales, policy servicing, and claims processing, extending marine coverage internationally through a Cyprus-based sister company.

Product overview

BERYTUS Insurance is a full-service Lebanese insurance company offering a comprehensive portfolio of insurance products. The company operates as a unified product offering with multiple product lines covering property, casualty, health, and specialty insurance segments. The product portfolio includes Marine (Hull, Cargo, P & I), Fire, Engineering, Burglary, Cash In Safe/Cash In Transit, Personal Accident, Workmen Compensation, Motor, Public Liability, Medical, and Expatriate insurance. The company also has a sister company, BERYTUS Marine Insurance Co. established in Cyprus, to accommodate overseas activities primarily in the Arab World and worldwide Marine Hull and Cargo business.

Differentiator

Problem solved

Functional benefit

Products and services

• Motor Insurance Motor insurance offered to individuals and businesses with two policy types: compulsory bodily injury insurance and material damage insurance covering All Risk, Total Loss, and Third Party Liability options.
• Fire Insurance Fire policy covering property against fire and allied perils including lightning, flood, earthquake, storm, explosion, aircraft, vehicle impact, and water damage.
• Marine Insurance Marine insurance covering Hull, Cargo, and P&I (Protection and Indemnity) for maritime operations, including overseas activities handled through the Cyprus sister company.
• Engineering Insurance Comprehensive protection against loss or damage in respect of contract works, construction plant, equipment and machinery, as well as third-party claims for property damage or bodily injury in construction projects.
• Burglary Insurance Financial compensation against loss or damage to property caused by acts of burglary, housebreaking, or forcible entry.
• Cash In Safe / Cash In Transit (CIS-CIT) Insurance Cash-in-Safe covers cash, currency, securities, stamps and cheques against burglary while locked in a safe. Cash-in-Transit indemnifies for loss of funds during transport due to theft, murder, violence, or force majeure including road accidents.
• Personal Accident Insurance Tailor-made personal accident insurance valid 24/24 hours worldwide, providing compensation for death, total or partial permanent disablement, weekly indemnity, and medical expenses resulting from accidents.
• Workmen Compensation Insurance Indemnifies the insured employer against all sums liable under Lebanon Labour Law No. 136 dated 18 September 1983 for employee injuries.
• Public Liability Insurance Covers legal liability towards third parties while present in the insured's premises.
• Medical Insurance Tailor-made health and medical insurance plans based on the healthcare system applicable in Lebanon.
• Expatriate Insurance Health insurance designed for foreigners working in Lebanon, written in accordance with the Lebanese Ministry of Labor's limits, terms and conditions.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• BERYTUS Marine Insurance Co. (Ltd)coreStrategic or Co-development PartnerSister company established in Cyprus as an Off-Shore Insurance Company to accommodate the overseas activities of BERYTUS Insurance, mainly in the Arab World in addition to the Worldwide Marine Hull and Cargo business. Located in Limassol, Cyprus with P.O.BOX 57113, CY3312.

Scale indicators1 record

Recent moves6 records

Expansion highlights3 records

Regional players

• Bupa Arabia: Bupa Arabia is a leading health insurer in Saudi Arabia offering individual and corporate medical plans. Comparable to BERYTUS's Medical and Expatriate product lines, particularly for cross-border expatriate health coverage in the MENA region.
• Tawuniya (The Company for Cooperative Insurance): Tawuniya is Saudi Arabia's largest cooperative insurer, offering motor, medical, property, and engineering lines. Comparable to BERYTUS as a regional general insurer competing in similar product categories, though at significantly larger scale in a different geography.
• Oman Insurance Company (OIC): Oman Insurance Company is a UAE-domiciled multi-line insurer with motor, fire, marine, engineering, and health lines. Comparable to BERYTUS as a regional general insurer with significant marine and property exposure serving MENA corporate clients.
• Saudi Enaya Cooperative Insurance: Saudi Enaya is a publicly listed Saudi cooperative insurer offering health and general insurance. While operating in a different geography, it is comparable as a multi-line MENA general insurer of similar scale that competes for regional commercial accounts and benchmarks regional premium growth.
• National Insurance Company of Egypt (NICE): NICE is one of Egypt's largest state-linked general insurers, offering motor, fire, marine, and engineering coverage. Comparable to BERYTUS as a regional general P&C insurer serving MENA markets with similar product breadth.

Broad incumbents

• MetLife Lebanon: MetLife is one of the established international insurers operating in Lebanon, with strength in life and health insurance. It competes with BERYTUS for expatriate and medical insurance accounts and represents the multinational benchmark against which BERYTUS's health/expatriate portfolio is judged.
• AXA Middle East: AXA operates a broad general insurance franchise across the Middle East including Lebanon, offering motor, fire, marine, health, and life lines. As a global incumbent with deeper capital and reinsurance capacity, it competes with BERYTUS for the same Lebanese households and SMEs across multiple product categories.
• Qatar Insurance Company (QIC): QIC is the largest MENA-domiciled insurance group, with broad P&C, marine, and specialty lines. It is comparable to BERYTUS in offering marine hull and cargo coverage from the region and competes for Arab World marine and energy risks that BERYTUS's Cyprus subsidiary targets.
• AIG Middle East: AIG operates general insurance businesses across the Middle East, with strength in property, casualty, marine, and specialty lines. Comparable to BERYTUS in providing multi-line coverage in the region, particularly for marine and specialty commercial risks.
• Allianz Insurance Middle East: Allianz operates general insurance businesses across the Middle East, including Lebanon, with motor, property, health, and engineering lines. Its global brand, scale, and reinsurance relationships make it a direct competitor to BERYTUS in the Lebanese multi-line market, particularly for commercial accounts.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/BerytusInsurance
• LinkedInlinkedin.com/company/berytus

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 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 BERYTUS Insurance