The Insurance Control Commission published its “Insurance Sector Quarterly Report” conveying a sizeable annual increase in the sector’s gross written premiums to LBP 101.55 trillion in 2024, compared to 77.10 trillion in 2023. This annual 31.71% increase in gross written premiums may be attributed to the change in the official exchange rate over the studied period. In detail, life insurance premiums stood at LBP 8.10 trillion, while non-life insurance premiums amounted to LBP 93.45 trillion. The health insurance segment amassed 50.15% of the Lebanese insurance sector’s gross written premiums, followed by the property & casualty (21.69%), motor (20.19%), and life (7.97%) 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 LBP 10.04 trillion in 2024 (9.89% market share), followed by Fidelity (LBP 9.49 trillion; <9.35%>), LIA (LBP 9.16 trillion; <9.02%>), and Medgulf (LBP 9.03 trillion; <8.89%>), only to name a few. Concurrently, the Lebanese insurance sector’s paid benefits reached LBP 62.27 trillion compared to LBP 46.34 trillion in 2023, noting that the non-life segment of paid benefits amounted to LBP 54.10 trillion and the life segment’s paid benefits stood at LBP 8.18 trillion. The number of claims were mostly concentrated in the health insurance segment (80.16%), followed by the motor (14.57%), property & casualty (3.13%), and life (2.14%) insurance segments. Furthermore, the Lebanese insurance sector’s expenditures for acquisition and administration ended the year 2024 up at LBP 32.37 trillion, while net investment income reached LBP 8.83 trillion, up by 65.25% year-on-year when compared to the LBP 5.34 trillion figure reported in 2023.