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Jun 2024

Lebanon struggles to grow amid economic crisis

Source: Middle East Insurance Review | May 2024

The Lebanese insurance market recorded LBP2.48tn in gross written premiums in 2022, down 2.94% from 2021, attributed to an economic crisis and the aftermath of the Beirut port explosion. Gross paid claims rose by 17%, with non-life premiums surging to LBP2.06tn, led by health and motor insurance.

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