Successful Business Trends
Nasco France is a member of the Nasco Insurance Group and is one of the leading names among the reinsurance brokers in the MENA region, and ranks among the top three reinsurance brokers in France.
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Nasco France is a member of the Nasco Insurance Group and is one of the leading names among the reinsurance brokers in the MENA region, and ranks among the top three reinsurance brokers in France.
Amid Lebanon's constant political upheaval, the unfolding economic crisis has negative implications on the real estate sector. Lebanon’s real estate market has entered a slowdown phase.
The renowned businessman Sheikh Faisal Bin AbdulAziz Bin Jassem Al-Thani, Chairman and Managing Director of Ahlibank Q.S.C who stands behind the remarkable success of the bank expects a very encouraging performance for the bank and he thinks the business could benefit from the government’s budget spending for the coming years.
Despite its weak and fragmented state, Lebanon's Insurance premiums are up by 6% year-on-year to $418m in first quarter of 2015, claims and benefits are down by 1% to $179m.
Insurance companies play a major role in the economy. However, the year 2014 was a challenging one for Lebanon due to the political and economic situation that impacted the entire region, and also because of the tough competition. Nevertheless, there are two positive facts that stand out.