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Results of the orange card in 2002

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Magazine Issue: 
Risk Management [3]
Magazine date: 
Feb 2004

According to Lebanon's Insurance Companies Association (ACAL), the use of the Orange Card has generated in 2002 a 2.08-million USD premium turnover, yielding 416 700 USD in net profits. Lebanon adhered to the “Orange Card” system at the end of 2001. This system features a motor insurance scheme covering 14 Arab countries. It also enables Lebanese underwriters to issue a motor insurance policy covering vehicles as they travel around Arab member countries.
In a total, 31 Lebanese insurance companies take part in this scheme managed by ACAL.

Sat, 25/05/2013 - 10:40

Source URL: https://www.atlas-mag.net/en/article/results-of-the-orange-card-in-2002

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