What is the Minimum Capital Requirement (MCR)?

The minimum capital for Lebanese insurance companies should be no less than 2,250m LBP.

Any decrease in capital should be pre-approved by the Minister of Economy and Trade based on a report prepared by the ICC, and after consulting with the National Insurance Board. MCR cannot be violated under any circumstances.

For branches of foreign companies, the minimum capital should be at least equal to 6,750m LBP

Legal references: Insurance Law, articles 13 and 15.