Tag Search Result

Show result per page
Page 1 of 6

Lebanon tag returned 54 results

  • Lebanon: Arabia Insurance to sell 67% stake

    A group of Lebanese and other Arab investors have made a bid to purchase no less than 67% of Arabia Insurance, according to a letter sent to shareholders of the company last week.

    Middle East | 23 Jun 2020
  • Lebanon: Aggregate insurance premiums down by 5% to $1.6bn in 2019

    The overall Lebanese insurance industry saw total life and non-life premiums of $1.63bn in 2019, constituting a decrease of 5% from $1.71bn in the previous year, according to a report in Lebanon This Week published by the Economic Research & Analysis Department of Byblos Bank. In comparison, in 2018, the industry grew by 3.6%.

    Middle East | 14 May 2020
  • Lebanon: Demand for health insurance may remain unsatisfied due to weak purchasing power

    Demand for medical insurance in Lebanon will remain strong because people buy insurance for protection, says Beirut-based international actuary Ibrahim Muhanna.

    Middle East | 03 May 2020
  • Lebanon: Insurers concerned over possible haircut on bank deposits

    In a pessimistic scenario in Lebanon's current economic situation, up to 17 insurance companies, out of 48, would have their equity completely depleted if a 50% haircut on deposits with banks is implemented in some form by the government, says Beirut-based international actuary Ibrahim Muhanna.

    Middle East | 30 Apr 2020
  • Lebanon: Life premiums lower by 9% to US$492m in 2019

    Total life premiums generated by 32 life insurers in the Lebanese market reached $491.7m in 2019, constituting a decline of 9.2% from $541.5m in 2018, according to an annual survey by the Al-Bayan magazine of the insurance sector in Lebanon.

    Middle East | 28 Apr 2020
  • Lebanon: Currency crisis forces insurers to take action

    The Association of Insurance Companies in Lebanon (ACAL) has proposed that wef 1 May, insurance companies will collect premiums in US dollars or the equivalent in Lebanese pounds according to the market exchange rate instead of the official peg.

    Middle East | 27 Apr 2020
  • Lebanon: Ministry of Economy asks insurers to cover COVID-19

    Lebanese Minister of Economy, Mr Raoul Nehme, called on insurance companies to cover COVID-19 in their insurance plans, stressing the need for "all parties to play their part in providing appropriate support in view of the economic and living conditions the country is going through".

    Middle East | 07 Apr 2020
  • Lebanon: GWPs slip by 4% in 2019

    The gross written premiums of 50 licensed insurance companies in Lebanon reached $1.61bn in 2019, constituting a decrease of 4% from $1.68bn in 2018, according to data released by the Insurance Control Commission.

    Middle East | 06 Apr 2020
  • Lebanon: Non-life insurance sector posts first annual decline in premiums

    Total non-life premiums generated by 44 insurance companies in Lebanon reached $1.13bn in 2019, down by 3% from $1.17bn in 2018, constituting the first annual decline on record.

    Middle East | 10 Mar 2020
  • Lebanon: Economy Ministry bars insurers from distributing dividends

    The Ministry of Economy & Trade has barred insurance companies in Lebanon from distributing dividends to shareholders for financial year 2019, or any dividends accumulated in previous years.

    Middle East | 09 Mar 2020