GRS GENERAL REINSURANCE SERVICES LTD | INDEX OF LEBANON (2024)

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Grs General Reinsurance Services Ltd

Grs General Reinsurance Services Ltd Address

: Bloc B, Floor 12, Sodeco Square Center, Sodeco, Sodeco, Beirut, Lebanon

Sodeco, Lebanon

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Grs General Reinsurance Services Ltd is active in Lebanon, specialized in:
  • Reinsurance Brokerage

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GRS GENERAL REINSURANCE SERVICES LTD | INDEX OF LEBANON (2)

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Grs General Reinsurance Services Ltd Contacts:


  • Website: grsre.com
  • Telephone: +9611612702
  • Telephone: +9611612703
  • Telephone: +9611612704

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    Insurance Companies In Lebanon

    Lebanon hosts a wide range of both private and public health care. There is a high standard of medical and dental care, especially in Beirut and it s surrounding areas. Many, if not all, health professionals speak English and/or French in addition to Arabic.
    Many employees in Lebanon have their healthcare insurance covered by their employer. The Lebanese Labour Ministry usually demands that even expat workers are covered by insurance in order to approve a work permit. Make sure that you yourself or your employer is paying for medical insurance that meets the requirements of the Labour Ministry.
    If you do not intend to work in Lebanon but still want to be on the safe side, you should consider looking for private health insurance that covers Lebanon. Another option would be to contact one of the many private insurance companies offering custom made health insurance packages for expats.
    For patients without insurance, cash payment have to be done before any treatment will be executed. If you are not covered by insurance but still needs to go to hospital during your stay in Lebanon, make sure that you can afford the treatment before signing in.
    Dental care is comparable to most other Western countries. It is very cheap but still keeps a high international standard.

    The economy of Lebanon is a developing economy, with a private sector that contributes to 75% of aggregate demand and a large banking sector that supports this demand. The IMF forecast a growth of 7% for Lebanons real GDP in 2010 and 2011 following 9% growth in 2009 and 8.5% in 2008. It has the 54th richest GDP per capita in the world, and it was forecasted that Lebanons GDP per capita would reach $20,000 by 2015, making it one of the strongest economies in the region. However, the Lebanese economy was badly affected by the Syrian civil war. The institute of international finance forecasted GDP growth of only 0.7% for 2013. Lebanon also suffers from a very high degree of public debt, the third-highest in the world in terms of the ratio of debt-to-GDP. As a consequence, interest payments consumed 48% of government revenues in 2016, thus limiting the government’s ability to make needed investments in infrastructure and other public goods.

    The major industrial sectors include metal products, banking, agriculture, chemicals, and transport equipment. Lebanon has a competitive and free market regime and a strong laissez-faire commercial tradition. The Lebanese economy is service-oriented; main growth sectors include banking and tourism. There are no restrictions on foreign exchange or capital movement.

    Lebanon has a competitive and free market regime and a strong laissez-faire commercial tradition. The Lebanese economy is service-oriented; main growth sectors include banking and tourism. There are no restrictions on foreign exchange or capital movement, and bank secrecy is strictly enforced. Lebanon has recently adopted a law to combat money laundering. There are practically no restrictions on foreign investment. There are no country-specific U.S. trade sanctions against Lebanon.

    Lebanon is a country in Asia and it is located in the western part of the Asian continent. Lebanon shares borders with just two countries Israel and Syria. The capital of Lebanon is Beirut and the official language of Lebanon is Arabic but many Lebanese also speaks French and English. As a matter of fact, English is rapidly becoming the first choice language that is used for business interactions in Lebanon.

    The Lebanese economy revolves around Agriculture, Tourism, Commerce, and Banking.

    Beirut the capital city of Lebanon has a very rich and robust nightlife hence attracting tourists who are heading towards the Middle East on vacation. It is important to note that Lebanon is ranked as 10th best country in terms of quality education and the 4th best country for math and science education in the world.

    Lebanon is famous for its exquisite beauty, diversity, glamour, European flavor, and hospitable people. Its rich culture and history have placed it on the 'must see' list of every world traveler. Lebanese cities are among the most famous names in ancient history and majestic ruins still stand today as a testimony to the greatness of people who lived in this land.
    The nature of Lebanon makes it the only country in the Arab world that embraces four seasons yearly. No matter what the season, there is always something special to enjoy. In the winter season, ski resorts offer tourists slopes that are comparable to even the best resorts in Europe. In the summer, international festivals all over the country in Baalbek, Byblos, Beiteddine, Batroun, and Jounieh bring together Lebanese and foreign artists to perform in stunning archaeological and historical sites. These events have given Lebanon an enviable place on the cultural map of the Middle East.


    GRS GENERAL REINSURANCE SERVICES LTD | INDEX OF LEBANON (2024)

    FAQs

    What is the credit rating of General Reinsurance Corporation? ›

    General Reinsurance Corporation
    Rating (Rating Category):A++ (Superior)
    Outlook (or Implication):Stable
    Action:Affirmed
    Effective Date:May 02, 2024
    Initial Rating Date:June 30, 1925

    What is the market cap of Gen re? ›

    With $17.7 billion in capital and $13.5 billion in net premiums written, we only make promises we can keep. Price is what you pay. Value is what you get.

    What is the combined ratio of Gen Re? ›

    Of the reinsurers included in the survey, General Re Group achieved the lowest combined ratio at 78.7%, while Swiss Re recorded the highest at 387.7%. Only 5 of the 17 reinsurers recorded combined ratios above 100%. Combined net income for the group in Q1 of 2023 improved to $2.7 billion, up from $1.5 billion in 2022.

    What is reinsurance credit risk? ›

    Te reinsurance credit risk is the risk of the reinsurance counterparty failing to pay reinsurance recoveries in full to the ceding insurer in a timely manner, or even not paying them at all. In a wide sense it is the part of company's overall credit risk.

    What is the highest corporate credit rating? ›

    Highest credit quality

    'AAA' ratings denote the lowest expectation of default risk.

    Who is Gen Re owned by? ›

    A subsidiary of Berkshire Hathaway Inc., General Re Corporation is a holding company that owns General Reinsurance Corporation (Gen Re), which in turn owns General Reinsurance AG. One of the world's leading reinsurance groups, Gen Re transacts international reinsurance business and related operations.

    Is Gen a good stock? ›

    GEN is a #2 (Buy) on the Zacks Rank, with a VGM Score of A. Additionally, the company could be a top pick for growth investors. GEN has a Growth Style Score of B, forecasting year-over-year earnings growth of 14.3% for the current fiscal year.

    How many employees does Gen Re have? ›

    Gen Re Information
    Websitehttp://www.genre.com
    Revenue$9.5 billion
    Employees1,731 (1,503 on RocketReach)
    Founded1921
    Address120 Long Ridge Road, Stamford, Connecticut 06902, US
    11 more rows

    What is a good combined ratio in insurance? ›

    Key Takeaways

    The combined ratio is typically expressed as a percentage. A ratio below 100 percent indicates that the company is making an underwriting profit, while a ratio above 100 percent means that it is paying out more money in claims that it is receiving from premiums.

    What is a good loss ratio in insurance? ›

    Ideal Range. An ideal loss ratio typically falls within the range of 40% to 60%. This range signifies that the insurance company is maintaining a balance between claims payouts and premium collection, ensuring profitability and sustainable growth.

    What is the formula for the reinsurance ratio? ›

    It is calculated by dividing the total amount of risk transferred to the reinsurer by the total amount of risk retained by the insurance company. For example, if an insurance company transfers $10 million of risk to a reinsurer and retains $20 million of risk, the reinsurance ratio would be 33.3% (10/30).

    What is the ranking of RGA insurance? ›

    Fitch Ratings - Chicago - 28 Mar 2024: Fitch Ratings has upgraded RGA Reinsurance Company's (RGA Reinsurance) Insurer Financial Strength (IFS) rating to 'A+' (Strong) from 'A' (Strong).

    What is the credit rating of GR Infrastructure? ›

    CRISIL AA/Stable

    What is the credit rating of PVI Reinsurance Joint Stock Corporation? ›

    AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” (Good) of Hanoi Reinsurance Joint Stock Corporation (Hanoi Re) – formerly known as PVI Reinsurance Joint Stock ...

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