Insurance premiums up
16 percent to $1.3 billion

Benefits paid to the insured

rise by 11 percent to $776 million

The value of total written premiums of the insurance sector increased by 16 percent to $1.3 billion in 2025 compared to the previous year, according to the Insurance Sector Quarterly Report issued by the Insurance Control Commission. Despite the growth, total written premiums are still 19 percent lower than their pre-crisis level in 2019 ($1.6 billion).


Source: Insurance Control Commission

Health insurance premiums, which accounted for half of total premiums, rose by 16 percent. The largest growth was recorded in motor and life insurance with the value of premiums increasing by 22 percent in both categories.

Total benefits paid by insurance companies to their customers grew by 11 percent to $776 million while the number of reported claims increased by 13 percent to 2.1 million.

The insurers’ combined net investment income jumped by 24 percent to more than $122 million.