Libya: Life insurance volume
* indicates monthly or quarterly data series
Libya |
Life insurance premium volume, percent of GDP |
---|---|
Latest value | 0.01 |
Year | 2012 |
Measure | percent |
Data availability | 1993 - 2012 |
Average | 0.03 |
Min - Max | 0.01 - 0.07 |
Source | Swiss Re |
The latest value from 2012 is 0.01 percent, a decline from 0.02 percent in 2011. In comparison, the world average is 1.45 percent, based on data from 156 countries. Historically, the average for Libya from 1993 to 2012 is 0.03 percent. The minimum value, 0.01 percent, was reached in 2004 while the maximum of 0.07 percent was recorded in 1993.
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Definition: Ratio of life insurance premium volume to GDP. Premium volume is the insurer's direct premiums earned (if Property/Casualty) or received (if Life/Health) during the previous calendar year. Premium data are taken from various issues of Sigma reports (Swiss Re). Data on GDP in US dollars is from the electronic version of the World Development Indicators.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Life insurance volume | 0.01 | 2012 | percent |
Non-life insurance premium volume | 0.22 | 2012 | percent |
Nonbank financial institutions assets to GDP | 4.54 | 2004 | percent |