Libano-Suisse Insurance and healthcare benefits management company GlobeMed Lebanon have won a tender from the Order of Engineers and Architects of Beirut (OEAB) to manage health insurance for over 125,000 beneficiaries, including engineers, employees and their families.
Corporate Risk Management Institute (CRMI), the educational arm of Chedid Capital, a leading insurance and reinsurance investment group, has been awarded Approved Professional Development Centre (APCD) accreditation by the reputed UK-headquartered Chartered Insurance Institute (CII).
The geographically diversified operations of Arabia Insurance Company (AIC) across the Middle East partially shields the group from the very high political, economic and financial system risks in Lebanon, said AM Best.
The conflict escalation between Israel and Hezbollah, following the death of Hezbollah leader Hassan Nasrallah, alongside Israel's military action in Lebanese territory, have severely weakened the recovery prospects of Lebanon's already fragile economy and political landscape, says S&P Global Ratings (S&P).
Chedid Capital, an investment group in the insurance and reinsurance industry, has raised its global governance capacity by appointing Mr Stuart Davies as an independent non-executive director at Milestone Risk Solutions in the United Kingdom and a Strategic Committee member at Momentum Insurance.
Large private insurers in the Lebanese market have indicated that they will raise health insurance premiums by 10%, starting 1 July, because of the rising costs of medical care.
CRMI (Corporate Risk Management Institute), IRM London (Institute of Risk Management), and ESA (École Supérieure des Affaires) Business School, have announced the launch of the second cohort of their joint Certificate in Risk Management for Insurance and Reinsurance Professionals.
The Arab War Risk Insurance Syndicate (AWRIS) has placed Lebanon on "Hold cover" status, given heightened risks in the wake of the outbreak of war between Hamas and Israel.
Gross insurance premiums of the 46 insurance companies operating in Lebanon totalled LBP2,456.4bn ($1.6bn) in 2022, falling by 4.5% from LBP2,573.1bn in 2021, according to figures released by the Insurance Control Commission (ICC) under the Ministry of the Economy.
GlobeMed Group, provider of healthcare benefits services, and the Beirut-based Higher Institute of Public Health (ISSP) at Saint Joseph University have announced the launch of two tailored diploma programmes in Clinical Coding and Health Information Analysis for 2023.