The Insurance Control Commission published its “Insurance Sector Quarterly Report”, conveying a 0.87% annual increase in the sector’s gross written premiums to $873.79 million in the first half of the current year, from $866.30 million during that same period last year. In detail, non-life insurance premiums rose by 1.85% y-o-y to $635.06 million, eclipsing as such the 1.67% drop in life insurance premiums to $238.73 million. The health insurance segment amassed 36.71% of the Lebanese insurance sector’s gross written premiums in H1-2019, followed closely by the life (27.32%), motor (19.59%), and property & casualty (16.37%) insurance segments. It is worth noting, in this vein, that SNA led the list of insurance companies in Lebanon in terms of gross written premiums, which stood at $77.04 million at end of June (8.82% of the sector’s combined gross written premiums), followed by GMI ($66.66 million; <7.63%>), Bankers ($66.24 million; <7.58%>), ALICO ($59.31 million; <6.79%>), and Medgulf ($57.43 million; <6.57%>), only to name a few. From another standpoint, the Lebanese insurance sector’s gross settled claims soared by 12.57% annually to $502.10 million in the first half of this year, up from $446.03 million a year before, on the back of some 15.90% hike in life insurance settled claims to $145.43 million and an 11.27% expansion in non-life insurance settled claims to $356.67 million. Claims settled were mostly concentrated in the health insurance segment (39.90%), followed by the life (28.96%), motor (20.82%), and property & casualty (10.32%) insurance segments. Furthermore, the Lebanese insurance sector’s expenditures for acquisition and administration came in 1.69% higher on a yearly basis at $243.79 million, while its net investment income rallied by 37.96% to $97.38 million. As a result, the ratio of gross settled claims to gross written premiums stood at 57.46% at end of June, with the ratio of net investment income to gross written premiums attaining 11.14%.