Lebanon – Growth of insurance sector continues despite difficulties
Wednesday, 06 17 2015, Category: Insurance and Reinsurance, Country: Lebanon
The insurance sector in Lebanon is still today unaffected to this date by the difficult economic conditions which affect the remaining sectors. This is due to the fact that premiums size growth in the first half of year 2015 reached 20,7% compared to the last quarter of year 2014.
The president of Lebanese Insurance Association ACAL Mr. Max Zaccar confirmed that new council of the association will continue the previous efforts in strengthening the ties with the different concerned ministries in addition to Banque du Liban.
He also indicated that the insurance sector faces challenges like any other economic sector today. He confirmed to “Al Joumhouria” newspaper that “our sector is far away from the recession witnessed by most of the sectors, so we do not suffer from important problems and the sector is growing annually and is unaffected by the current conditions”.
Source: Lebanon 24