Lebanese Minister of Economy, Mr Raoul Nehme, called on insurance companies to cover COVID-19 in their insurance plans, stressing the need for “all parties to play their part in providing appropriate support
All the insurance companies in the country will fully cover policyholders that are being treated for coronavirus infection, said Elie Torbey Chairman of the Association of Insurance Companies (ACAL).
Investors in credit insurance on Lebanon are set to receive a payout after a binding ruling from a CDS committee.
Up to roughly $400 million of contracts could pay after the heavily indebted nation failed to honor a $1.2 billion Eurobond due earlier this month.
COVID-19, the disease caused by the 2019 Novel Coronavirus is a known and rapidly evolving epidemic that is affecting travel worldwide, with continued spread and impacts expected.
Lebanon has a long history of economic and political instability. In the past, local insurers have been successful at navigating this challenging environment.
INSURIA has announced the appointment of its new General Manager Ali Y. Noureddine, effective from October 1, 2019. Mr. Noureddine graduated from the Lebanese University – Faculty of Business Administration.
The General Arab Insurance Federation (GAIF) is working on improving technical standards among its members, according to Mr Chakib Abouzaid, the secretary general of the organisation.
According to the 2019 emerging risks barometer, established by the French Federation of Insurance, cyber risk appears to be a major risk for insurance and reinsurance companies.
AROPE Insurance S.A.L. – Zalka, Lebanon: In collaboration with the global reinsurer Munich Re, AROPE Insurance hosted, a special gathering for Insurance Brokers to officially launch EXPAND AROPE’s
The insurance written premiums in the Middle East and North Africa (MENA) reached 56.965 billion USD in 2018 against 58.936 billion USD in 2017, thus decreasing by 3.5%. Global premiums, however, rose by 4.8%.
Over the past 2,000 years, Lebanon has experienced over 13 major earthquakes. These tremors are a result of the country’s location within an active tectonic system called the Dead Sea Rift,
Under the patronage and in the presence of HE Minister of Economy and Trade Mansour Bteish, Notre Dame University-Louaize, in cooperation with Chedid Re,
GlobeMed Group, the visionary leader in Healthcare Benefits Management in the MENA region, held its 2019 Executive Seminar at Hilton Habtoor Grand Hotel Lebanon
On the occasion of his visit to Lebanon, Thomas Buberl, CEO of the AXA Group, one of the largest global insurers, has welcomed the Group’s presence in Lebanon for 115 years
The Insurance Control Commission organized an introductory lunch for the Minister of Economy and Trade, HE Mr. Mansour Bteich with the insurance sector.
Lebanon’s nonlife insurance companies saw their total premiums in 2018 rise by 3.4 percent to reach $1.17 billion. According to the annual survey by Al-Bayan magazine, the total nonlife premiums generated by 44 insurance companies reached $1.17 billion in 2018