Gross Premiums Down 4.5% in 2022 in a Year
According to figures from the Insurance Control Commission under the Ministry of Economy, gross insurance premiums from the 46 insurance companies operating in Lebanon totaled LBP 2,456.4 billion in 2022
Tag Archives: Insurance Premiums
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.
The difference between Workmen Compensation and Employer’s Liability explained
Considering that Workmen Compensation insurance is compulsory in Lebanon, most employers, especially in high risk industries, are well familiar with it. On the other hand, Lebanon is not what one would call a litigious country.
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
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.
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
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.
Lebanon: Nonlife insurance premiums up 3.4 pct to $1.2B in 2018
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