A 4% growth of the Lebanese insurance market in 2012

Despite regional tensions and the decline of the economic activity, the Lebanese insurance market has posted a 4% growth of its premium income in 2012. The overall companies reported a turnover of 1.282 billion USD.

Non-life insurance dominates with a 70.9% share (909 million USD) in comparison with 29.1% in life insurance (373 million USD).

Fire, marine and workmen’s compensation have exhibited the biggest growth, with respective rates of 10%, 8% and 7%. However, they remain far behind motor and health insurance in terms of premiums volume.

The latter classes of business have respectively increased by 1% and 4% at 324.5 million USD and 363.5 million USD.