Arab Today, arab today life premiums in 2012 rise 6 to 392m
Last Updated : GMT 16:32:01
Arab Today, arab today
Arab Today, arab today

Life premiums in 2012 rise 6% to $392m

Arab Today, arab today

Arab Today, arab today Life premiums in 2012 rise 6% to $392m

Beirut - Arabstoday

Lebanon’s life insurance premiums in 2012 surged by 6 percent to reach $391.6 million compared to $369.8 million in 2011. Although 2012 saw higher growth in life insurance premiums than the 4 percent in 2011, it was still lower than the results achieved in 2010, hich stood at 14.5 percent. Life insurance premiums stood at $355.8 million in 2010, $311 million in 2009 and $290 million in 2008. Life insurance penetration was equivalent to 0.94 percent of GDP, while insurance density reached between $89 and $97.9 per capita in 2012, depending on population count, as reported by Lebanon This Week, the economic publication of the Byblos Bank Group. Metlife ALICO maintained its market lead with $72.2 million in life premiums, equivalent to an 18.7 percent market share and down from 19.5 percent in 2011, 19.9 percent in 2010 and 22.4 percent in 2009. It was followed by Allianz SNA with $52.9 million, Bancassurance with $47.1 million, LIA with $41.6 million, and AROPE with $39.5 million as the top five providers among 34 life insurers operating in Lebanon. Royal London 360°, a new entrant to the Lebanese market, registered the highest jump in the rankings from 2011, moving from 34th to 17th place with premiums of $3.2 million in its first full year of operation. 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. Also, seven firms saw a decline in their life premiums, while the premiums of two firms were unchanged. Further, seven of the top 10 life insurers posted increases in their premiums. Byblos Bank’s insurance affiliate ADIR registered a 17.6 percent rise in life premiums, posting the second best performance among the top 10 providers of life insurance and the best performance among those providers that are majority-owned by banks. In parallel, MEDGULF posted a 19.8 percent drop in its premiums, constituting the steepest fall among the top 10 firms, followed by CLA with a 10.8 percent decline. dailystar

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today life premiums in 2012 rise 6 to 392m Arab Today, arab today life premiums in 2012 rise 6 to 392m

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced

GMT 05:29 2017 Tuesday ,21 February

Sovereign funds pulled $38bn from markets in 2016
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday