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Vital and seeking vibrancy April 5, 2017 The numbers for overall premiums growth, penetration and density in the Lebanese insurance market in 2017 may not bring huge surprises. In 2016 the sector delivered 3 percent nominal growth in gross premiums, from $1.52 billion in 2015 to $1.56 billion, according to the latest quarterly report of the Association of Insurance Companies of Lebanon (ACAL). The compounded annual growth rate (CAGR) of written gross premiums for the period 2009 – 2015 was 7.6 percent, according to the latest figures published by the Insurance Control Commission in its annual report for 2015. The 7.6 percent CAGR of written gross premiums was eclipsed by the CAGR of claims at 15.6 percent, but in line with the 7.1 percent CAGR of the sector’s net income after tax. It also is notable that year-on-year growth for gross written premiums in 2015 was better than in 2014, at 7.8 percent versus 4.3 percent, but that the last three years have witnessed significantly l

Raed labakiAnthony khawamAl manaraFarid chedidGeorge orwellInternational monetary fundChedid capital holdingLebanon insurance control commissionAssociation of insurance companies lebanonFinancial stability assessment programBeirut stock exchangeInsurance control commissionInsurance companiesStability assessment programMiddle easternஅல் மனர