The Insurance Control Commission published its “Insurance Sector Quarterly Report”, conveying a 9.16% annual hike in the sector’s gross written premiums to $1,706.84 million in 2021, from $1,563.58 million in 2020. In detail, non-life insurance premiums soared by 18.16% to $1,358.80 million, outweighing the 15.85% drop in life insurance premiums to $348.04 million. The health insurance segment amassed 36.26% of the Lebanese insurance sector’s gross written premiums, followed by the motor (27.23%), life (20.39%), and property & casualty (16.12%) 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 $179.80 million in 2021 (10.53% market share), followed by Medgulf ($130.76 million; <7.66%>), Allianz SNA ($130.51 million; <7.65%>), and ALICO ($122.42 million; <7.17%>), only to name a few. Similarly, the Lebanese insurance sector’s paid benefits increased by 13.92% annually to $1,219.29 million during the year 2021, up from $1,070.32 million a year before on the back of some 27.93% expansion in non-life insurance reported claims to $845.17 million, outweighing the 8.68% decrease in life insurance reported claims to $374.13 million. Claims were mostly concentrated in the health insurance segment (67.46%), followed by the motor (22.75%), life (6.99%), and property & casualty (2.80%) insurance segments. Furthermore, the Lebanese insurance sector’s expenditures for acquisition and administration came in 19.72% higher on a yearly basis at $562.76 million, while it registered a net investment income of $86.70 million in comparison with a net investment loss of $58.89 million in 2020.