www.arope.com.lb

Services:
Established in 1974, AROPE INSURANCE has become one of the major players in the insurance industry in Lebanon. Since its foundation, AROPE INSURANCE has maintained continuous growth and sustained development, backed by a solid financial background and an excellent track of good reputation and credibility. Operating in all lines of insurance, AROPE INSURANCE is striving to stay ahead in product development and client servicing.

Products and Services:
Our comprehensive insurance products, specially conceived to satisfy all clients' requirements, include:
Life Insurance:

• Term life
• Pension and education schemes (in cooperation with BLOM BANK)
• Arope Open Life (Investment Products including a Retirement Plan and an Education Plan)

Medical Insurance:

• Hospitalization plans
• Out-hospital plans

Motor Insurance:

• All Risk
• Third Party Liability (Mandatory Bodily Injury & Material Damage)
• Orange Card

Marine Insurance:

• Cargo
• Hull

Property insurance:

• Fire
• Burglary

Credit Insurance Miscellaneous:

• Travel Insurance
• Personal Accident
• Engineering
• Workmen's compensation
• General Third Party Liability
• Professional Liability
• Money insurance
  • Cash in Transit / in Safe
  • Fidelity Guarantee
  • Bankers Blanket Bond

Branches:

• Lebanon (13 branches)

Services:
With a fully paid capital of SYP 1 Billion, Syria International Insurance (Arope Syria) is the third private insurance company which has been granted the approval and licenses to operate in Syria. Our company provides a set of wide reliable insurance products and services all over the country. AROPE Syria has also arranged reinsurance treaty agreements with leading reinsurance companies such as SCOR (French) and Munich Re (German).
 
Products and Services:
AROPE Syria has various types of insurance services among them are the following:

Medical
Covers medical expenses due to an accident or illness.
Term Life Insurance
Covers accidental or natural death.
Education plan (Waladi)
Offers investment product with education schemes
Personal Accidents
Covers death, medical expenses, and disabilities due to an accident.
Motor
Provides a multiple choice of policies such as third party liability and total or partial loss of the vehicle, as well as various additional coverage that can be added to the main policy.
Workmen’s compensation
Covers death, medical expenses, and disabilities to any of the insured employees during working hours with the ability to extend the policy to cover the employer’s liability.
Travel
Covers sudden and unforeseen events during the course of a trip outside the country of residence.
Marine
Covers the insured goods during transportation with various international clauses.
Property
Covers private and commercial properties against any loss or damage due to fire, burglary, and allied perils. This coverage could also be offered as an all-risk policy.
General Third Party Liability
Covers the legal liability of the insured in respect of bodily injury and property damages.

Branches

• Damascus (General management)
• 1 Aleppo
• 1 Latakia
• 3 Representation Offices

Arope Insurance, member of BLOM Bank Group, was granted approval from the Egyptian Insurance Supervisory Authority to establish two insurance companies, Arope Egypt for Life Insurances and Arope Egypt for Property Insurances.

This event is of utmost importance, given that these two companies will be the first to enter Egypt’s commercial insurance sector, where the demand has been for a long time restricted to the establishment of cooperative insurance companies.

The capital of each company is EGP 100 million (the equivalent of USD 17.54 million for each company), and its ownership is distributed among the shareholders as follows:

• Arope Egypt for Life Insurances:
  • Arope Insurance (Based in Lebanon) : 80%
  • BLOM Bank Egypt: 15%
  • BLOM Egypt for Stock Exchange:5%


• Arope Egypt for Property Insurances:
  • Arope Insurance (Based in Lebanon) : 60%
  • BLOM Bank Egypt: 35%
  • BLOM Egypt for Stock Exchange: 5%

Both companies will receive full support from Arope Insurance in the fields of technical expertise, training human workforce and strengthening work basics, based on the latest work programs in the insurance domain. BLOM Bank will also play a major part in promoting the insurance products according to Egypt’s Bancassurance system.

Founding these two companies comes within the regional expansion plan that Arope Insurance has been adopting, and which started in Syria with the establishment of Syria International Insurance (Arope Syria).