Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Jul 2017

Country Profile


Lebanon

On the hard path of consolidation

Lebanon’s oversaturated marketplace is in dire need for consolidation in the face of consistent tardy growth in the past five years due to tough economic and sociopolitical conditions. The government has offered insurers incentives to consider M&A seriously. Would this solve the market problems and would the government’s grand plan work? There are big challenges standing in the way.
 

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Interview with the regulator: Right steps for right track

The Insurance Control Commission (ICC) of Lebanon is taking serious measures to put the sector on the right track and launching bold initiatives in line with the best international standards for the insurance industry to grow healthily, says Mrs Nadine El-Habbal, Acting Head of the ICC.
 

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Association: Accelerating growth to capture potential

The market has started seeing some promising signs of consolidation. With greater move towards M&A, insurers need to adopt best practices and corporate governance policies to overcome the challenges and grow, says Mr Max Zaccar, President of the Lebanese Insurance Association (ACAL).
 

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