Insurance

The numbers for overall premiums growth, penetration and density in the Lebanese insurance market in 2017 may not bring huge surprises. In 2016 the sector delivered 3 percent nominal growth …

Insurance broking is a business of consulting and risk advisory that historically bears the onus of being the “middle man”, with all the common questions of what value this function …

It has been said with some justification that the global economy could be saved from recession if enough people collectively started believing that the end of the world was upon …

Lebanese entrepreneurs traditionally have approached risks with the attitude that they prefer to carry them themselves rather than pay for risk transfer, unless there is a compelling reason to buy …

Low insurance penetration rates, growing economies, and privatization in the financial services sector have continued to attract international insurance firms, particularly those from Europe, in developing North Africa’s domestic insurance …

The concept of business process outsourcing (BPO) emerged at the end of the 20th century. Tasks viewed as difficult or time consuming, and where companies had no real competency, were …

Bancassurance is a sector that has been growing steadily in Lebanon in the last few years. After all, the country is known for its thriving banking sector. The consolidation of …

Lebanon is one of the region’s insurance pioneers with 53 registered insurance companies.  Yet Libano-Suisse General Manager Lucien Letayf believes that penetration levels in Lebanon fall short, with a yearly …

Compared to the global insurance industry market, the MENA industry is characterized by a severe under-penetration. The demographics of the region are partly responsible for this, as the region’s majority …