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Libya & Tunisia Insurance Report Q4 2015

Libya & Tunisia Insurance Report Q4 2015

BMI View: The ongoing civil war in Libya is likely to ensure that that country's insurance sector remains atan embryonic level of development at the end of the forecast period. Meanwhile, the latest terrorist attacksin mid-July on tourists in Tunisia will have a serious impact on the country's tourism sector. For now, weassume that the impact on the economy in general (and the insurance sector in particular) will be limited.

Tunisia's non-life segment should benefit from the growth in real GDP. In the short term, motor vehicleinsurers should benefit from the officially mandated increase in rates for CMTPL covers. The variousplayers in the very under-developed life segment should achieve some growth from the delivery of savingsand protection products to first time users among the 90% of households who currently do not buy them.

Even if Libya had not been in a state of civil war for four years, conditions would be extremely challengingfor the underdeveloped insurance sector. The limited data available indicates that non-life insurance mainlyinvolves the purchase of property covers by the government and its agencies. The Libyan insurers haveaccess to global reinsurance markets: otherwise, foreign involvement in the market is minimal. Lifeinsurance is virtually non-existent and this is reflective of the low incomes of many households, the lack ofunderstanding of the life insurers' offerings and, above all, the absence of trust in institutions. We look for asharp contraction in premiums this year. Premiums are expected to rise in a volatile manner over theforecast period. Angola provides an example of how premiums in Libya's insurance sector could growrapidly over the long term beyond 2020 if the country returns to a state of political and social stability.

However, even then, the insurance sector is likely to be dominated by coverage of property & casualty risksby public sector energy-related companies: in the absence of trust in institutions, life insurance premiumswill remain minimal.


BMI Industry View
SWOT
Political
Economic
Operational Risk
SWOT
Political
Economic
Operational Risk
Libya Industry Forecast
Life Premiums Forecast
Life Premiums
Table: Gross Life Premiums Written (Libya 2012-2019)
Life Claims
Table: Life Insurance Claims (Libya 2007-2014)
Life Drivers
Table: Life Expectancy by Gender (Libya 2012-2019)
Table: Demographic Breakdown (Libya 2012-2019)
Non-Life Premiums Forecast
Non-Life Premiums
Table: Gross Non-Life Premiums Written (Libya 2012-2019)
Non-Life Claims
Table: Non-Life Insurance Claims (Libya 2007-2014)
Non-Life Sub-Sector Forecast
Table: Non-Life % Breakdown (Libya 2012-2019)
Motor and Transport Insurance
Table: Motor Vehicle Insurance (Libya 2012-2019)
Table: Transport Insurance (Libya 2012-2019)
Property Insurance
Table: Property Insurance (Libya 2012-2019)
Health Insurance
Table: Health Insurance (Libya 2012-2019)
Table: Insurance Key Drivers, Private Health Expenditure (Libya 2012-2019)
Tunisia Industry Forecast
Life Premiums Forecast
Life Premiums
Table: Gross Life Premiums Written (Tunisia 2012-2019)
Table: Net Life Premiums Written (Tunisia 2012-2019)
Table: Reinsurance Life Premiums Written (Tunisia 2012-2019)
Life Claims
Table: Life Insurance Claims (Tunisia 2007-2014)
Life Drivers
Table: Life Expectancy by Gender (Tunisia 2012-2019)
Table: Demographic Breakdown (Tunisia 2012-2019)
Non-Life Premiums Forecast
Non-Life Premiums
Table: Gross Non-Life Premiums Written (Tunisia 2012-2019)
Table: Net Non-Life Premiums Written (Tunisia 2012-2019)
Table: Reinsurance Non-Life Premiums Written (Tunisia 2012-2019)
Non-Life Claims
Table: Non-Life Insurance Claims (Tunisia 2007-2014)
Table: Non-Life Insurance Claims by Line (Tunisia 2007-2014)
Non-Life Sub-Sector Forecast
Table: Non-Life % Breakdown (Tunisia 2012-2019)
Motor and Transport Insurance
Table: Motor Vehicle Insurance (Tunisia 2012-2019)
Table: Transport Insurance (Tunisia 2012-2019)
Property Insurance
Table: Property Insurance (Tunisia 2012-2019)
Health Insurance
Table: Health Insurance (Tunisia 2012-2019)
Table: Insurance Key Drivers, Private Health Expenditure (Tunisia 2012-2019)
General Liability and Credit Insurance
Table: General Liability Insurance (Tunisia 2012-2019)
Table: Credit/Financial Guarantee Insurance (Tunisia 2012-2019)
Industry Risk Reward Ratings
MENA Insurance Risk/Reward Index
Table: MENA Insurance Risk/Reward Index
Market Overview
Libya Market Overview
The Product Offering
The Competitive Landscape
Tunisia Market Overview
The Product Offering
The Competitive Landscape
Table: Life Insurance Market (%) 2007-2013
Table: Non-Life Insurance Market (%) 2007-2013
Company Profile
GAT
Demographic Forecast
Table: Population Headline Indicators (Libya 1990-2025)
Table: Key Population Ratios (Libya 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Libya 1990-2025)
Table: Population By Age Group (Libya 1990-2025)
Table: Population By Age Group % (Libya 1990-2025)
Demographic Forecast
Table: Population Headline Indicators (Tunisia 1990-2025)
Table: Key Population Ratios (Tunisia 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Tunisia 1990-2025)
Table: Population By Age Group (Tunisia 1990-2025)
Table: Population By Age Group % (Tunisia 1990-2025)
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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