Lost in the fog Lebanese insurers seek to ward off economic pressures and evil opinion spells The best thing to say about the performance of insurance companies in the year…
Category:
Insurance
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The Beirut port explosion on August 4, 2020 resulted in the loss of more than 200 lives, countless wounded, and also massive insured losses now estimated to range between $1…
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“In 2014, [we will] conduct a series of training courses for our member companies. Having strong and growing skills is the key for the success of our member companies” “We…
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Considering the consistency with which the Lebanese insurance market has contributed to GDP — 3 percent has been the magic number for many years — it would have been remarkable…
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The task of insurance sector supervision in Lebanon is the domain of the Insurance Control Commission, a body attached to the Ministry of Economy and Trade. The ICC team is…
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“The insurance industry has shown its resilience, because it is growing. When we drill down, we see that we have some very good professional companies that have good returns on…
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Fateh Bekdache General manager, Arope Insurance In the early 1990s, bank insurance — insurance underwritten by a bank’s own insurance company and distributed as a bank product — started to…
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Lebanon’s insurers soldier on but struggle to hold onto their market without government assistance. Ignored by the government and plagued by a lack of transparency and an oversaturated market, the…
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The introduction of mandatory insurance legislation by regional governments is seen by many in the industry as the major driver of the regional insurance industry, especially in the GCC. “When…
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The underwriting division of the regional insurance industry is expected to expand substantially over the next year, as companies reeling from the effects of the global financial crisis concentrate more…
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