Latest News
27/10/2023
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
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28/03/2023
Healthcare insurance chaos: Patients still paying out-of-pocket despite full coverage
Even if you pay a health insurance company and receive a card that covers you 100% in and out of the hospital in US dollars, you may not be able to undergo a simple medical test without paying for it yourself due to the rampant chaos in this sector.
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28/02/2023
Fifteen percent of Lebanese no longer have active car insurance plans
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.
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22/02/2023
Lebanon’s inflation hits 124% as energy, healthcare costs soar
Lebanon’s inflation more than doubled in January, as rising living costs continued to impact consumers and businesses.
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10/09/2022
AM Best Affirms Credit Ratings of Arabia Insurance Company s.a.l.
AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Arabia Insurance Company s.a.l. (AIC) (Lebanon). The outlook of these Credit Ratings (ratings) is negative.
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10/08/2022
Political instability in Lebanon hinders insurance sector reforms
According to A.M. Best Co. Inc., political instability in Lebanon has hindered the implementation of insurance reforms in the country, including new governance guidelines and transition to a risk-based solvency framework, Middle East Insurance Review reported.
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04/03/2022
Paying a lot more for much less: The woes of an insurance industry and its clients in a crisis-ridden land
“More and more cancer patients tell me that specific medications are not being covered by insurance … while it was previously covered,” said Cherine Bazzane, a family medicine specialist who practices in Clemenceau Medical Center.
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27/02/2022
The difference between Workmen Compensation and Employer’s Liability explained
Considering that Workmen Compensation insurance is compulsory in Lebanon, most employers, especially in high risk industries, are well familiar with it. On the other hand, Lebanon is not what one would call a litigious country.
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