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.