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Lebanon tag returned 30 results

  • Lebanon: Insurance market posts marginal premium growth

    The insurance sector achieved growth of 3% during 2018, with the gross written premium reaching around $1.7bn, according to the Minister of Economy and Trade, Mr Mansour Bteich.

    Middle East | 18 Mar 2019
  • Lebanon: Saradar Group expands into insurance arena with acquisition

    Saradar Capital Holding, the holding company of a Lebanese conglomerate, has acquired 51% of Assurex, a 40-year old Lebanese insurance company owned by the Fattal Group.

    Middle East | 27 Feb 2019
  • Lebanon: Economy needs urgent "surgery" as it nears collapse

    Lebanon's economy needs urgent "surgery" or it could collapse, Prime Minister Saad al-Hariri said on Sunday, and he also said that politicians remained fully united behind reforms agreed on last year, reported Reuters.

    Middle East | 13 Feb 2019
  • Lebanon: Online insurer seeks strategic partners

    Online insurance startup, Comin Insure, is looking to raise funds of between $3m and $5m from a strategic partner, to fund its regional expansion.

    Middle East | 15 Jan 2019
  • Lebanon: Life insurance business weakens in 2018

    The life insurance market in Lebanon is estimated to have declined by 7% in 2018, weakened by lower new business and little activity on mortgage and personal loans, according to Ms Nadine Habbal, the acting head of the Insurance Control Commission of Lebanon, which is the sector's regulatory authority.

    Middle East | 08 Jan 2019
  • Lebanon: Study conducted on influenza among beneficiaries of insurers & 3rd party payers

    The mortality rate for those who contracted influenza was 5.7% in the population aged at least 65 and 0.4% in those younger than 65, according to a study conducted by the medical team at GlobeMed Lebanon, one of the companies within GlobeMed Group, a leading healthcare management group in the Middle East and Africa.

    Middle East | 12 Nov 2018
  • Lebanon: Lloyd's to help boost insurance market

    The insurance authority in Lebanon, the Insurance Control Commission, has announced that it is allowing the Lloyd's market to conduct business in the country through general management agents and coverholders.

    Middle East | 29 Oct 2018
  • Lebanon: Net profit of health insurers fall 27% to $15.6m in 2017

    The aggregate net profit of insurance companies active in the health insurance branch in Lebanon reached $15.6m in 2017, constituting a decline of 27% from $21.3m in 2016, according to data released by the Insurance Control Commission.

    Middle East | 27 Sep 2018
  • Lebanon: Total premiums rise 2.4% in 1H

    Total insurance premiums written in Lebanon reached $868m during the first half of this year, which represents a 2.4% increase over the corresponding period in 2017, figures released by the Association of Insurance Companies in Lebanon (ACAL) show.

    Middle East | 16 Sep 2018
  • Lebanon: Combined net profits of insurers jump by nearly 20% in 2017

    Insurance companies saw their combined net profits increase by 19.7% in 2017, to $167m, according to the annual report published by the Insurance Control Commission (ICC), attached to the Ministry of the Economy and Trade.

    Middle East | 23 Aug 2018