Libano-Suisse Insurance and healthcare benefits management company GlobeMed Lebanon have won a tender from the Order of Engineers and Architects of Beirut (OEAB) to manage health insurance for over 125,000 beneficiaries, including engineers, employees and their families.
OEAB is an entity that protects, regulates and ensures the advancement of the engineering profession in Lebanon.
Under the agreement, signed on 12 February 2025, Libano-Suisse and GlobeMed Lebanon will manage the health insurance scheme for OEAB. Libano-Suisse will provide health insurance services while GlobeMed Lebanon will offer third-party administration services.
The contract, effective from 1 March 2025 to 28 February 2026, was won in a competitive tender exercise, according to a media statement released by GlobeMed Group. The tender results were announced on 24 January 2025 at a public and transparent session attended by prominent insurance and TPA companies in Lebanon.
Libano-Suisse and GlobeMed Lebanon were selected based on their expertise and leadership in the field of health insurance sector as well as for offering competitive prices, the media statement said.
Commenting on the cooperation with GlobeMed Lebanon, MD of Libano-Suisse Insurance Pierre Pharaon said, “Winning this tender is another testament to Libano-Suisse commitment to the values on which it was founded 65 years ago, in serving its clients in Lebanon and in the eight Arab countries where the company offers a wide range of insurance coverages which has attracted many syndicates, companies, groups and individuals.
GlobeMed Lebanon general manager Joe Abou Chacra said, “GlobeMed will put at the Order’s disposal its expertise and know-how accumulated over the past three decades in Lebanon, and its innovative systems that will facilitate beneficiaries’ access to health services.”
Libano-Suisse is a pioneer in the insurance industry, which has been operating for more than 65 years and has a presence in eight countries in the Middle East, Gulf and North Africa.
With more than 34 years of experience, GlobeMed Lebanon is a franchisee of GlobeMed Group, the leading healthcare benefits management group in the Middle East and North Africa. The Group has expanded its presence to 11 countries in the region. Today, GlobeMed provides services to more than 220 clients in the public and private sectors, with a portfolio of over 26m insured members, processing nearly $3bn of claims annually. The group’s healthcare network in the region includes over 24,000 directly contracted providers and more than 120,000 providers worldwide through cooperation with international partners.
GlobeMed Lebanon offers insured members access to healthcare services within a wide medical network of more than 1,000 healthcare providers including hospitals, clinics, pharmacies, and others across Lebanon. It also runs field offices and a 24/7 call centre.