Lebanon Insurance Q4 2018
Although currently underdeveloped, Lebanon's insurance industry does offer growth potential. The country is expectedto make steady, if unspectacular, economic gains that will help to improve unemployment rates and drive up consumer spending, inturn increasing demand for a range of life and non-life insurance products. The presence of several multinational players helps tobring more depth and diversity to the available product ranges, though basic lines continue to dominate, and carriers are takingsteps to increase consumer awareness and understanding. That being said, with few households able to afford all but the most basicmandatory covers, the Lebanese insurance market will not live up to its theoretical potential for some time.
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