Medical care costs are experiencing significant inflation. Major private insurers in the Lebanese market, contacted by This is Beirut, have indicated that their health insurance premiums will increase by about 10% starting July 1st.
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
Around 15 percent of Lebanese no longer have insurance on their cars in 2023, according to the head of the insurance companies’ union in Lebanon.
The total gross written premiums of 46 licensed insurance companies in Lebanon reached $928.8m in the first half of 2021, constituting an increase of 12.1% from $828.8m
Lebanese insurance companies are refusing to compensate for damages caused by last year’s explosion at the Beirut port, pending investigation results.
The American University of Beirut Medical Center (AUBMC) has adopted the banks’ approved dollar exchange rate, which is 3,900 Lebanese pounds, in a number of its departments instead of the official exchange rate
Practically every private household in Lebanon relies on one or other insurance service, beginning with the mandatory protection of motorists under third-party liability insurance or savings schemes offered by life insurers.
Lebanon’s nonlife insurance companies saw their total premiums in 2018 rise by 3.4 percent to reach $1.17 billion. According to the annual survey by Al-Bayan magazine, the total nonlife premiums generated by 44 insurance companies reached $1.17 billion in 2018
It’s a misconception that private health insurance is expensive. After all, how much do you value your health and that of your loved ones? When you are seeking a speedier access to medical professionals, faster diagnosis and treatment