The Insurance and Social Security Supervisory Authority (ACAPS) is launching numerous projects to respond to the profound changes that the sector is experiencing, according to its president, Mr Abderrahim Chaffai.
Large private insurers in the Lebanese market have indicated that they will raise health insurance premiums by 10%, starting 1 July, because of the rising costs of medical care.
Shareholders at the annual general meeting of Takaful Emarat Insurance Company have approved a special resolution allowing for a capital increase of AED185m ($50.4m) for the company.