The Insurance Control Commission has published its periodical monitoring report related to the Beirut Aug 04 blast, noting that the official report that specifies the cause of the blast and assigns responsibilities has not yet been released.
The Insurance Control Commission has published the list of insurance companies providing coverage for the treatment of the new corona-virus COVID-19 for all or part of their insured members.
The Insurance Control Commission has published the insurance sector annual report for the financial year 2018. The report presents 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 organized the first internal workshop on IFRS 17, to which local and international experts were conveyed. In the introductory presentation, the Acting Head of the ICC, Mrs. Nadine El Habbal, confirmed that the Commission intends to stage a frontline involvement in the implementation process of the new reporting standard. Mrs. El Habbal confirmed throughout the day that the ICC will propose a largely prescriptive approach with minimum requirements, and issue clear implementation guidelines to help clarify the way forward.