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  • Lebanon Opportunities

    Saving for the future

    May 08, 2019 4 minutes
    Reported by Gisele Khalaf

    The savings business represents two thirds of life insurance contracts, giving the insurers high reserves and access to huge investments. Insurance companies are attempting to encourage more people to create savings plans through different products, mainly savings policies aimed at retirement, education and housing. Insurance companies are competing to provide customers with attractive yield rates on their money.

    SCANNING FOR DEMAND

    Around 125,000 new savings policies were issued in 2018. Demand for these policies has been stable in the last two years, according to , Chief Operating Officer at AXA Middle East. Insurance products aimed at savings have achieved around a two percent increase of gross written premiums in 2018 compared to

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