Lebanon – 2016 Annual Report of Insurance Sector
Thursday, 12 21 2017, Category: Insurance and Reinsurance, Country: Lebanon
The Lebanese Insurance Association (ACAL) distributed its 2016 annual report. The association indicated that the objective of this report is to shed light of the achieved results in year 2016 in order to allow comparisons. The consolidated financials for year 2016 were as follows:
- Written premiums increased by 4% compared to year 2015 reaching USD 1,581,107,630.
- Total paid claims increased by 8.5% compared to year 2015 reaching USD 890,100,517.