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Economy Ministry Increases Insurance Oversight

Economy Ministry Increases Insurance Oversight

The Libyan Minister of Economy and Commerce issued a decision to revoke the licenses of several insurance companies that had not begun operations by June 24, 2026. This measure aims to regulate the insurance sector and enhance compliance with legal regulations. The action is part of the government's efforts to control the market, improve the efficiency of operating companies, and ensure the protection of customers' rights while supporting financial stability in the sector.

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