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

Date: 2015-09

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 (2013โˆ’2018).

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