The Insurance Industry in Libya, Key Trends and Opportunities to 2018, New Report Launched

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).

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

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.

Reasons to Buy

• Make strategic business decisions using in-depth historic and forecast industry data related to the Libyan insurance industry and each segment within it.
• Understand the demand-side dynamics, key trends and growth opportunities within the Libyan insurance industry.
• Assess the competitive dynamics in the Libyan insurance industry.
• Identify the growth opportunities and market dynamics within key segments.
• Gain insights into key regulations governing the Libyan insurance industry and its impact on companies and the industry's future.

Key Highlights

• The Libyan insurance industry is very small when compared to other countries in the Middle East and North Africa (MENA) region.
• Political unrest in the country in 2011 caused the industry to decline by 52%.
• Libya's insurance penetration stood at 0.47% in 2009, which is lower than other countries in the MENA region.
• The property insurance category constituted 48.4% of the non-life segment’s gross written premium in 2013.
• The Libyan insurance industry is small and concentrated. The top two companies held 70.2% of the total gross written premium.

Spanning over 127 pages, 87 Tables and 82 figures “The Insurance Industry in Libya, Key Trends and Opportunities to 2018” report covering the Executive Summary, Introduction, Libyan Insurance Industry Overview, Industry Segmentation, Governance, Risk and Compliance, Competitive Landscape, Economic Indicators, Appendix. This report Covered 4 Companies - Libya Insurance Company, United Insurance, African Insurance Company, Sahara Insurance Company.

Know more about this report at – http://mrr.cm/ZLU

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