Lebanon: Increase of the medical insurance tariffs in 2012

The association of Lebanese insurance companies (ACAL) is expecting an increase in the tariff of medical insurance of about 10%. This rise is accounted for by the increasing hospitalisation costs from 10 to 14%.

According to ACAL, the premiums volume growth for the entire market in 2011 was limited to 10% compared to 20% earlier. This deflection is due to the falling demand in marine insurance along with the decrease of cash inflow from motor.

Private individuals are today investing in small cars, which triggers a decline in sums insured and premiums consequently.

The economic crisis is partially responsible for these evolutions.