The Efficiency of Insurance Companies Financial Performance

Libyan Insurance Company- a Model

Abstract

This study investigates the investment and finance performance of the Libyan Insurance Company through identifying the role of these two factors in its financing performance. Insurance companies are considered as important financial institutions of the Libyan economy activities and they represent one of the largest business sectors. Therefore, these companies enjoy a strategic and prominent position in the developmental process. The findings of this revealed an obvious weakness in this company’s investment and finance policies and their implementation. It has been also shown that insurance companies do not fulfill their role as loans trusted guarantors between banks and customers. Moreover, the Libyan Insurance company does not support or finance economic and social projects; despite its possession of big financial and human resources which can be effectively invested and employed. It is recommended to develop and employ the finance and insurance policies of Libyan Insurance Company through exploiting all possible investment opportunities. The company also should support and finance the state economic projects. It is also important to review the financing policy of the company to include both internal and external resources and reducing the cost of the services provided.