Going further
April 21, 2017
Allianz SNA is one of the most active insurance companies in Lebanon and the Middle East. Executive sat down with its Chairman and Regional Chief Executive Officer, Antoine Issa, to talk about the state of the insurance industry and the interconnections between consolidation, governance and institutional investments.
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How do you view Lebanon from the perspective of a regionally active multinational insurance company?
I have worked in most of the countries in the ME region, in some directly and also as a board member of insurers working in these markets, so I have lot of experience in the [region’s] insurance sector. I can tell you that, despite everything, the level of technical know-how and the level of quality, and pricing of the insurance market in Lebanon is probably the highest [in the region] still today.
Hidden pathways to wealth for the Lebanese middle class
September 12, 2018
Certain roads to wealth for the middle class are less traveled in some lands but well known in others. Describing life insurance as an obscure path to savings would honestly be preposterous in most developed economies. Accounting for $2.7 trillion in premiums, or about 3.5 percent of global GDP, life insurance represents well over half of the total worldwide insurance industry premiums activity (over $4.9 trillion in 2017, according to the Sigma research unit of reinsurer Swiss Re). Even when one notes that $4 out of every $5 in life insurance premiums are generated in developed economies, life insurance is actually the path most trodden to savings by millions of low-, average-, and high-income earners from San Francisco to Seoul, in Helsinki and in Adelaide.