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Life premiums in Lebanon up 6% in 2012
- Lebanon: Saturday, March 16 - 2013 at 03:30
According to a report by Lebanese lender Byblos Bank Group, life insurance in the country premiums rose 6% last year to $391.6m from $369.8m in 2011, The Daily Star has reported. Life insurance penetration was equivalent to 0.94% of GDP, while insurance density reached between $89 and $97.9 per capita in 2012, depending on population count, the report said. A total of 23 out of 34 providers of life insurance posted increases in their life premiums, as 15 posted double-digit growth rates, two firms registered a triple-digit rise in life premiums, and six companies had single-digit growth, the report added.
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