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The Insurance Industry in Libya, Key Trends and Opportunities to 2018 - Market Analysis,Trends

Blog post   •   Sep 12, 2014 02:44 EDT

Synopsis

The report provides in-depth industry analysis, information and insights into the insurance industry in Libya, including:

The Libyan insurance industry’s growth prospects by insurance segment and category

The competitive landscape in the Libyan insurance industry

The current trends and drivers of the Libyan insurance industry

Challenges facing the Libyan insurance industry

Detailed regulatory framework of the Libyan insurance industry

OverviewTable of contentsList of tablesList of figures

Overview

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Executive summary

The Libyan insurance industry is very small when compared to other countries in the Middle East and North Africa (MENA) region. In terms of gross written premium, the Libyan insurance industry decreased at a compound annual growth rate (CAGR) of -9.1%. Political unrest in the country in 2011 caused the industry to decline by 52%. It is expected that the industry will increase at a CAGR of 4.6% over the forecast period (2013−2018).

Scope

This report provides a comprehensive analysis of the insurance industry in Libya:

It provides historical values for the Libyan insurance industry for the report’s 2009–2013 review period and projected figures for the 2013–2018 forecast period.

It offers a detailed analysis of the key segments and categories in the Libyan insurance industry, along with forecasts until 2018.

It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions.
It profiles the top insurance companies in Libya, and outlines the key regulations affecting them.

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