Total non-life premiums rise to $870m in Lebanon in 2011

11 March 2012

According to a report by Lebanon's Byblos Bank Group, total non-life premiums generated in the Lebanese insurance market rose 7.6% to $869.6m in 2011, compared with $808.1m a year earlier, The Daily Star has reported. Non-life insurance penetration was equivalent to 2.1% of GDP, while insurance density was at about $104.75 per capita in 2011, the report said. MEDGULF maintained its first place with $100.8m in non-life premiums, followed by Bankers with $79.7m, AXA Middle East with $71.6m, Libano-Suisse with $56.8m and AROPE with $54.9m, as the top five non-life insurers.

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