Latest News
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.
Read More
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.
Read More
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.
Read More
22/12/2021
INSURANCE PREMIUMS IN LEBANON AT $1,332.33 MILLION YTD SEPTEMBER 2021
The Insurance Control Commission published its “Insurance Sector Quarterly Report”, conveying a 12.39% annual hike in the sector’s gross written premiums to $1,332.33 million during the first nine months of 2021, from $1,185.45 million during that same period in 2020.
Read More
30/11/2021
Lebanon: Healthcare as luxury
Between shortages and skyrocketing prices, a trip to the pharmacy in Lebanon exposes huge inequalities, while a trip to a charity clinic for treatment has become the norm for hundreds of thousands of people.
Read More
31/10/2021
Lebanon:Insurers see GWP rise by 12% to US$929m in 1H2021
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
Read More
23/08/2021
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.
Read More
05/08/2021
Lebanon: Insurers pay out less than 10% of claims 12 months after Beirut Port blast
Of an estimated $1.1bn in insured losses caused by the 4 August 2020 Beirut Port explosion, only about $100m have been paid to date
Read More