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insurance lebanon beirut blast 2020
07/08/2020

Insured losses from Beirut blast seen around $3 billion

Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an explosion at the Chinese port of Tianjin in 2015, industry sources and analysts say.
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beirut port explosion damage insurance lebanon
06/08/2020

After Beirut Port Explosion, AM Best Comments on Potential Insurance Exposures

The devastating explosion at the Beirut’s port on Tuesday, Aug. 4 caused many casualties and considerable damage, but local insurance penetration rates in Lebanon generally are low, said AM Best in a market commentary.
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beirut port explosion damage insurance lebanon
05/08/2020

Hannover Re expects ‘major loss’ from Beirut explosion

German reinsurer Hannover Re SE on Wednesday said it will see a “major loss” from the explosion in Beirut, Lebanon, as it reported net income fell 39.3% to €402 million ($478 million) for the first half of the year.
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arabia insurance lebanon logo
23/06/2020

Arabia Insurance to sell 67% stake

A group of Lebanese and other Arab investors have made a bid to purchase no less than 67% of Arabia Insurance, according to a letter sent to shareholders of the company last week.
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insurance lebanon Insurance ways
28/04/2020

Q&A with actuary Ibrahim Muhanna on insurance liabilities amid economic crisis

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.
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Car Insurance lebanon
24/04/2020

Insurance firms to hike pound rates to current market levels

Lebanon’s insurance companies will change most of their insurance policies to the current pound price rates in the parallel market as the sector reels under the severe economic conditions
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insurance lebanon CORONA coverage
22/04/2020

Confused outlook on insurance coverage for Lebanese COVID-19 patients

In the immediacy of the coronavirus crisis, the most pertinent insurance question for the holder of a medical policy is simple: Who will pay if I need to be hospitalized?
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ICC lebanon
22/04/2020

Q&A with Nadine Habbal, acting head of the Insurance Control Commission

Lebanon’s insurance sector is highly fragmented, featuring extreme competition between small local players, bank-affiliate insurers, providers that are parts of multinational insurance giants, and—outside of the regulated sphere of commercial insurance companies
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