A NEW CHARACTER
A NEW CHARACTER
WELCOME TO THE
ICC CARE 01-999069
WE ARE A CALL AWAY!
WELCOME TO THE
INSURANCE CONTROL COMMISSION (ICC)
The ICC is an independent institution, in charge of maintaining an efficient and stable Insurance market and protecting the interest of policyholders and other stakeholders against eventual unfair market practices emanating from entities and persons that fall under its supervisory mandate, enhancing hence public confidence in the sector.
The Insurance Control Commission organized a visit-workshop to Washington DC where meetings were respectively held with officials from the Worldbank, and the Insurance Commissioner of the District of Columbia.
The Insurance Control Commission organized a visit-workshop to the Insurance Authority of the UAE on 8 May 2018.
The Insurance Control Commission organized a press conference that was chaired by HE Raed Khoury Minister of Economy and Trade, to announce the issuance of a new ministerial decision enforcing the guaranteed renewability of all medical insurance contracts issued by insurance companies. The decision applies to new and in-force policies and should be implemented within one month from the date of issuance of the decision.
The Insurance Control Commission is happy to publish the first version of its quarterly report on the insurance market for the fourth quarter of 2017. The report includes a number of dashboards extracted from the analysis of the quarterly regulatory forms filed by the insurance companies.
In the context of preparing for a number of projects as part of its action plan for 2018, the Insurance Control Commission (ICC) organized a technical workshop with the Autorité de Contrôle Prudentiel et de Résolution (ACPR), which in charge of supervising the insurance industry in France.
The Insurance Control Commission has launched its new website.
In respect of Notification 921 issued on 26/12/2017 by the Central Bank and related to the selling and commercialization of insurance products by banks and financial institutions, the Insurance Control Commission underlines the following:
The Insurance Control Commission published the annual report for the insurance sector for the financial year 2016. The report exhibits a large number of financial and technical statistics, indicators, and analytics, which the ICC makes available to a large number of stakeholders, including experts, financial analysts, shareholders, and policyholders.
The Insurance Control Commission (ICC) and the Capital Market Authority (CMA) signed today a memorandum of understanding (MOU) to strengthen the mutual cooperation between them and organise the supervisory work related to the financial instruments included in insurance contracts.
The ICC concluded a cooperation agreement with the Autorité de Contrôle Prudentiel et de Résolution (ACPR), where the strategic objectives were set in line with the present context of the Lebanese insurance market. The agreement is unlimited in time; it paves the way for an advanced level of cooperation including the exchange of financial and technical information on the supervised entities. The agreement was concluded following a number of exchanges with the market conduct and international affairs departments of the ACPR.
Press conference to announce the issuance of a new ministerial decision enforcing the guaranteed renewability of all medical insurance contracts issued by insurance companies
Launching of the Insurance Control Commission’s new website
MOU Signing between the Insurance Control Commission (ICC) and the Capital Market Authority (CMA)
Insurers and intermediaries should play a fundamental role in helping policyholders manage risk efficiently through the provision of adequate insurance products and services.
The ICC Care has been revamped to offer better assistance and consultation for complaints related to insurance policies and services.