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Insurance Up. Life, Fire Categories Record Highest Growth

Insurance premiums generated in Lebanon totaled $680.8 million in the first half of 2012, according to the Association of Insurance Companies in Lebanon (ACAL).

 

These figures constitute an increase of 8.6% from $626.7 million in the same last year period. Aggregate premiums reached $318.5 million in the first quarter of the year, up 5.3% from the same quarter last year; while they stood at $362.3 million in the second quarter up 11.8% from the same last year period.

 

The life and fire insurance were the main drivers of premium growth in the first half of 2012, registering an increase of 23% and 16% respectively.

A growth of 10% for workmen insurance premiums has been reported, 8% for cargo premiums and 4% for medical premiums; while motor premiums contracted by 1%.

Beirut

Migration to cities is increasing so much that, by 2050, the UN predicts that approximately two thirds of the world’s population will be living in cities.

ECO INITIATIVES

  • A fundraising event, entitled Think Green, will be held by Zero Waste ACT for all its business members on September, 10,2013, at WHITE, Dora.
  • The Green Mind Association invited all Green Mind Award Participants, finalists, runner ups and winners to the GREEN MIND DAY on  Jan-16-2013 in Beirut, to create a platform where interested Venture Capital and Potential Investors met with participants.
  • A green initiative launched by Ashrafieh 2020 project aims to transform Ashrafieh into a tranquil and unpolluted area.Green spaces allow residents to walk and ride bicycles.

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