Lebanon – Insurance GWP at $1.63 billion in 2017
Monday, 04 16 2018, Category: Insurance and Reinsurance, Country: Lebanon
The numbers issued by the Lebanese Insurance Association (ACAL) indicate that insurance premiums in Lebanon reached USD 1.63 billion in year 2017, which represents a 4 percent increase compared to written premiums of USD 1.57 billion in year 2016. Revenues reached USD 447 million in the first quarter of year 2017, USD 400.6 in the second quarter, USD 401 million in the third quarter and USD 382.7 million in the fourth quarter of the same year.
Moreover, life insurance premiums reached USD 504.9 million in year 2017, which represents 30.9 percent of the total premiums of the sector.
Source: Al Mustaqbal