The Lebanese insurance market: Figures of the first quarter 2012

Lebanon’s association of insurance companies (ACAL) has just posted the figures of the first quarter 2012. Over the first three months of the year, the market results are alarming: the total number of written premiums fell by 13% while many insured reduced their guarantees especially in health and motor insurance where third party liability is gradually replacing the damage-to-vehicle coverage.

The 4% growth in the market’s turnover is accounted for solely by the increase of the health policies following the rise of hospitalization costs.