The Lebanese insurance market is achieving steady economic performance with incremental business innovations, all the while making very small steps in addressing long-standing issues and concerns. Despite the difficult macroeconomic context of Lebanon’s distressed security and economic environment, the latest available data on insurance premiums are mostly in positive territory. Total gross premiums in 2013 reached $1.42 billion, up from $1.31 billion in 2012, and the growth in annual premiums doubled from the rate achieved in 2012 according to the figures published last month by the Association des Compagnies d’Assurances au Liban, ACAL, in its quarterly report. The Insurance Sector Annual Report for 2012 by the Insurance Control Commission (ICC) at the Ministry of Economy and Trade shows a small upward variance, of about 1.5 percent, when compared with the 2012 gross premiums figures that ACAL first published one year ago. The ICC’s report, whose initial issue on 2007 came
