Author Archives: Ibrahim Muhanna

How secured is the Lebanese insurance sector?

How secured is the Lebanese insurance sector?

Reading Time: 6 minutes The insurance penetration rate in Lebanon for 2014 was $557 premium per capita or 3.3 percent of GDP and very low for personal lines. Hence, there is much room for growth. However, if the insurance sector continues to grow without enforcing the appropriate solvency adequacy and corporate governance reform, the possibilities of default would certainly

Repair our pensions

Reading Time: 3 minutes As part of Executive’s ‘10 Ways to Save Lebanon’ issue, we asked leading figures from a range of fields to put the case for one major changes for the country. In this article, pensions expert Ibrahim Muhanna argues for better care for elderly people.   The quintessential goal of social security is to protect individuals against

Executive Insight – A fund for the future

Reading Time: 3 minutes “Pending the institution of an old-age insurance scheme, an end-of-service indemnity (EOSI) Fund shall be set up.” So begins article 49 of the 1963 Social Security Law. Run by Lebanon’s National Social Security Fund (NSSF), the public provider of insurance for the private sector, the EOSI still pays retirees a lump-sum payment upon retirement but