Lebanon Pharmaceuticals & Healthcare Q1 2019
The insurance industry in Lebanon, though underdeveloped, does offer some growth potential. In the non-life sector,high demand for health insurance and motor insurance, both of which include compulsory covers, will support significant short-term growth in terms of written premiums. In the smaller life segment, the outlook is more subdued, as low average income ratesrestrict capacity for savings and investments to a relatively limited number of higher income households. In both segments, thepresence of multinational carriers does help to improve accessibility and currently low coverage rates mean long-term potential issubstantial.
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