Lebanon – Projects of insurers in insurance sector
Friday, 02 24 2017, Category: Insurance and Reinsurance, Country: Lebanon
The Minister of Economy and Trade HE Mr. Raed Khoury welcomed a delegation of the Lebanese Insurance Association (ACAL) under the leadership of its president Mr. Max Zaccar in the presence of Mrs. Nadine Habbal, acting insurance commissioner. The situation of the insurance sector was discussed in light of the memorandum submitted by the president of ACAL Mr. Zaccar to the minister Mr. Khoury. The memo tackled the main projects to be launched including: mergers and acquisitions. In light of the economic globalization and the development that took place in the region we need to maintain the competitiveness of our sector, so the Lebanese insurance companies need financial incentives in order to cope with the situation. Therefore, the minister’s support to the mergers and acquisitions projects is essential through which financial and economic incentives are granted by offering preferential loans to be granted by Banque du Liban.
Source: National News Agency