Libya & Tunisia Insurance Q1 2019
Libya’s insurance markets are extremely underdeveloped and will remain that way at the end of our forecast period in2022, after partially recovering from the collapse that occurred from a modest base as a result of the security crisis that began withthe toppling of Gaddafi in 2011. The outlook in real terms remains extremely poor, given competition between militias for rule andshifting territorial claims. It is particularly difficult for insurers to offer viable property and motor insurance policies when propertyrights are so fluid, so this will constrain both the willingness of insurers to offer viable policies and the relevance of such policies topotential consumers. Growth in insurance markets will likely lag the partial recovery of the economy as a whole but its is stillpredicted that modest growth will occur in the coming years.
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