Latest News
30/06/2024
Health Insurance: Premiums on the Rise
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.
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03/06/2024
Lebanon’s economic crisis affects the insurance market, sales of premiums decline
The insurance sector has recorded declines of 25 percent in sales of non-life insurance premiums and 43.7 percent in sales of life insurance policies since 2019.
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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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