Libya & Tunisia Insurance Report Q3 2018
Libya’s insurance markets are extremely underdeveloped and will remain that way at the end of our forecast period in2022, failing to recover from the collapse that occurred from a modest base as a result of the security crisis that began with thetoppling 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.
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