BEIRUT: Lebanese insurance is among the very few sectors that are still recording a fair growth in an economy dragged down by years of political and security complications, according to Assaad Mirza, president of the association of Lebanese insurance companies. “Lebanon’s insurance sector is still in good shape when compared to other Lebanese industries,” Mirza said.

By the end of the first quarter of 2014, total insurance premiums represented a marginal increase of 2 percent and reached $393 million compared to the same period in 2013 while premiums are expected to grow by 7 percent in 2014.