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%.
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