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Aug 2022

Lebanese general insurers face multiple crises

Source: Middle East Insurance Review | Jul 2022

Lebanon’s financial crisis has had a profound impact on insurers in the country. Some insurers are writing premiums in US dollars to manage the unstable Lebanese pound. Insurers also face issues paying reinsurers who have become more cautious about working with them. Middle East Insurance Review spoke to AXA’s Mr Joseph Nasnas about the crises burdening general insurers.

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