Summer Safety: A Stress-Free Travel Guide
The summer is a prime time for adventure, but the key to a carefree trip is ensuring your travels are safe. To make the most of your summer vacation while staying secure, consider this essential guidance
Category: insurance
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.
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.
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.
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.
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.
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.
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.
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.
Lebanon: $10 Billion Stocked In People’s Homes, Companies
The Lebanese are stocking their cash inside their homes or companies due their lack of trust in the country’s banking system.
$1.1 billion in insurance claims are being sought in fresh dollars
More than 14,700 insurance claims for damages resulting from the Port of Beirut explosion have been reported by November 6 with a total value of LL1.66 trillion ($1.1 billion at the official exchange rate of LL1,507), according to a report by the Insurance Control Commission (ICC).
Thousands of Lebanese caught in insurance trap after Beirut port blast damage
Owners of damaged homes and businesses are still waiting for insurance companies to pay compensation three months after August 4 explosion
How to get the CORONA VIRUS insurance in Lebanon?
As per Lebanese General Security circular regarding entry of Arab and Foreign visitors or residents required to have negative PCR with basic healthcare insurance cover at least coronavirus treatment expenses
Liberalization of dollar exchange rate at hospitals leaves people dying in their homes in Lebanon
The American University of Beirut Medical Center (AUBMC) has adopted the banks’ approved dollar exchange rate, which is 3,900 Lebanese pounds, in a number of its departments instead of the official exchange rate
Lebanon’s Health Minister Hasan says hospitals can’t hike exchange rate
Caretaker Health Minister Hamad Hasan tried to reassure anxious Lebanese Thursday that the price of hospital fees and medicines would not increase, as the head of the Private Hospitals Syndicate warned that hospitals would soon adjust their pricing of the dollar.
Insurers await Beirut port investigation report
The only obstacle to paying all the insurance claims resulting from the unfortunate 4 August blast at the Beirut port is that there has been no release yet of the report on the investigation into the explosion