Gross Premiums Down 4.5% in 2022 in a Year
According to figures from the Insurance Control Commission under the Ministry of Economy, gross insurance premiums from the 46 insurance companies operating in Lebanon totaled LBP 2,456.4 billion in 2022
Tag Archives: ICC
Merger between LIA Insurance and Assurex Insurance
mergerOn 27 July 2021, the Insurance Control Commission (ICC) approved the merger between the two Lebanese insurance companies LIA Insurance and Assurex Insurance and Reinsurance.
Complaint handling specialist engaged to help with Beirut port insurance claims
Conflict between businesses and insurance companies concerning responsibility for damages from the 4 August Beirut port explosion has erupted into the open, pushing a major trade chamber to engage a complaint handling specialist to negotiate between the two sides.
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
The Insurance Control Commission organized an introductory lunch for the Minister of Economy and Trade, HE Mr. Mansour Bteich with the insurance sector
The Insurance Control Commission organized an introductory lunch for the Minister of Economy and Trade, HE Mr. Mansour Bteich with the insurance sector.
Insurance Control Commission (ICC) says Lloyd’s underwriters permitted to appoint coverholders in Lebanon
The Insurance Control Commission (ICC) announced today that Lloyd’s underwriters are permitted to appoint coverholders in Lebanon to write reinsurance business. Intermediaries in Lebanon licensed by the ICC
Acting head of the ICC discusses the state of health insurance in Lebanon
At the end of April, the imposition of rules on guaranteed renewability (GR) in health insurance was introduced to the public under ministerial decree 186, issued by the Ministry of Economy and Trade (MoET). Executive sat down with Nadine Habbal,