Lebanon – Insurance Association issues 2015 figures
Friday, 12 16 2016, Category: Insurance and Reinsurance, Country: Lebanon
The Lebanese Insurance Association (ACAL) issued the 2015 Annual Report, which it prepared based on the annual statistics received by member companies. The report completes the quarterly publications issued by the association starting from 2011 and it aims at shedding light on the results achieved during year 2015 in order allow members to draw comparisons with the results and figures of the market.
The consolidated balance sheet for year 2015 as well as the profit and loss of each business line showed the following: total written premiums increased compared to year 2014 reaching 1 billion 518 million and 740 thousand USD for the year2015. Total claims paid increased compared to year 2014 by 7.69% reaching eight hundred nineteen million USD.
Source: National News Agency