Figures released by the Association of Insurance Companies in Lebanon (ACAL) indicate that insurance premiums generated in Lebanon totaled $478.2m in the first quarter of 2018, constituting an increase of 7% from $446.9m in the same quarter of 2017. 

Medical insurance premiums totaled $188.2m in the first quarter of 2018 and accounted for 39.4% of the sector's aggregate premiums. Life insurance premiums followed with $116.7m (24.4%), then motor insurance with $95.2m (19.9%), fire premiums with $35.8m (7.5%), workmen compensation premiums with $15.5m (3.2%), cargo premiums with $8m (1.7%), public liability premiums with $5.7m (1.2%), engineering premiums with $2m (0.4%) and credit insurance premiums with $1.5m (0.3%), while premiums from other categories amounted to $9.6m and accounted for 2% of the total.

Further, ACAL indicated that total benefits and claims paid by insurance companies stood at $215.4m in the first quarter of 2018, constituting a decrease of 11% from $243m in the same quarter of 2017. Benefits and claims paid for the non-life categories reached $163.4m in the covered quarter, constituting an increase of 3% from $158.6m in the first quarter of 2017, while claims disbursed for the life insurance category amounted to $52m and decreased by 38.3% year-on-year from $84.4m in the first quarter of 2017.