Historically, insurance companies and organizations for mutual protection have originated from taking on roles in the acceptance and coverage of risks that led them in a next step to develop strategies for risk mitigation and, with further passing of time, assume responsibilities to prepare for future risks. With the present era’s accumulations of uncertainties and concentration of both known and yet unknown risks of unprecedented dimension, from climate change to new technologies, the role of insurance companies in preparing for global and local risks is of massively increasing importance in every single economy. In this global context, Lebanese insurance companies in 2015 served the local economy with a portfolio of services focused on traditional needs for coverage. Of the $1.15 billion in premiums written until the end of September, $352.4 million were in medical insurance, $252.4 million in motor, and $88.8 million in fire. In the life insurance segment, premiums
