Lebanon:Insurers concerned over possible haircut on bank deposits

30 Apr 2020

Lebanon Risk Management Life & Health Regulation Property & Casualty Financial Performance

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.

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