Libya: Non-life insurance premium volume
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Libya |
Non-life insurance premium volume, percent of GDP |
---|---|
Latest value | 0.22 |
Year | 2012 |
Measure | percent |
Data availability | 1993 - 2012 |
Average | 0.44 |
Min - Max | 0.22 - 0.62 |
Source | Swiss Re |
The latest value from 2012 is 0.22 percent, a decline from 0.38 percent in 2011. In comparison, the world average is 1.18 percent, based on data from 163 countries. Historically, the average for Libya from 1993 to 2012 is 0.44 percent. The minimum value, 0.22 percent, was reached in 2007 while the maximum of 0.62 percent was recorded in 1996.
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Definition: Ratio of non-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 |