The Insurance Control Commission published its “Insurance Sector Quarterly Report”, conveying a 2.96% annual drop in the sector’s gross written premiums to $1,563.58 million during the year 2020, from $1,611.26 million in 2019. In detail, non-life insurance premiums inched upwards by 0.86% to $1,149.96 million, outweighed by the 12.21% drop in life insurance premiums to $413.61 million. The health insurance segment amassed 35.99% of the Lebanese insurance sector’s gross written premiums, followed by the life (26.45%), motor (21.80%), and property & casualty (15.76%) segments. It is worth noting, in this vein, that Bankers led the list of insurance companies in Lebanon in terms of gross written premiums, which stood at $147.80 million in 2020 (9.45% of the sector’s combined gross written premiums), followed by SNA ($135.61 million; <8.67%>), ALICO ($125.00 million; <7.99%>), and Medgulf ($118.40 million; <7.57%>), only to name a few. However, the Lebanese insurance sector’s paid benefits increased by 2.06% annually to $1,070.32 million during the year 2020, up from $1,048.74 million a year before, on the back of some 21.78% expansion in life insurance reported claims to $409.68 million outweighing the 7.26% contraction in non-life insurance reported claims to $660.64 million. Reported claims were mostly concentrated in the health insurance segment (69.79%), followed by the motor (20.51%), life (6.15%), and property & casualty (3.56%) insurance segments. Furthermore, the Lebanese insurance sector’s expenditures for acquisition and administration came in 0.39% lower on a yearly basis at $470.05 million, while it registered a net investment loss of $58.89 million.