Business Insurance will be back online in October. Please check back then to subscribe/register.

All existing subscriptions will be honored. Contact info@businessinsurance.com with any questions.

GLOBAL FOCUS

Lebanon's insurance market requires further consolidation, industry experts say

Comments Email Reprints

Lebanon consists of more than 50 insurers, but 10 account for about 80% of the market, The Daily Star reported.

Industry experts said the market requires further consolidation, and the insurers' minimum capital requirement should be increased from the present $1.5 million to at least $10 million.

Asaad Mirza, head of the Lebanese Insurance Association, said premiums rose by about 8% year-on-year in 2013.

Read more

More from BI