Latest News
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.
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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.
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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
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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.
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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
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04/08/2021
Lebanese insurance companies still not compensating Beirut blast victims
Lebanese insurance companies are refusing to compensate for damages caused by last year's explosion at the Beirut port, pending investigation results.
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26/05/2021
Lebanon: Insurance association elects new board
The Association of Insurance Companies in Lebanon (ACAL) has elected a new board, with Mr Elie Nasnas, general manager of AXA Middle East as chairman of the association
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19/01/2021
Thousands Still Wait for Compensation Amid Delay of Beirut Port Blast Investigations
Five months on from the devastating Beirut port explosion that killed over 200 people, and injured thousands more, many claimants inquire about the fate of compensations they expect to receive from insurance companies pending the release of an official report on the cause and nature of the blast.
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