Political instability in Lebanon hinders insurance sector reforms

Published on: 10/08/2022

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. The reforms, which have been in the pipeline for a few years now, could be delayed further amid continued political turmoil and economic crisis in the country.