Get access to Axco’s online product with the latest market intelligence for the market of your choice
Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Libyan non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Libya's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Libya non-life (P&C) market as well as trends by line of business. Axco analysts also report on Libya's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Libyan insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Libya, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Libya, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Libya with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
The Mauritanian non-life insurance market remains relatively small and undeveloped. There is a general lack of insurance awareness among the population which together with prevailing social and religious attitudes mean that there is a low level of insurance penetration.
Total market premium written in 2020 was MRU 805.03mn (USD 22.04mn), of which 84.15% ....
This is a brief extract of information; more updated information may be available in the latest published report.