Subsidized loans to incite mergers among insurers in lebanon

The ministry of the economy and finance is working on a draft bill designed to encourage mergers among insurers who would be granted soft loans.

TNearly 60 insurance companies are operating in Lebanon. Experts believe that the number of the players is well too big for the size of the local market. The minimum capital required of 1.5 million USD is inadequate and does not stand as an obstacle for the entry of new pretenders.

TMergers among insurers are likely to give birth to companies endowed with larger capital base. Such operations would also enable policyholders to have greater security and higher quality services.

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