Abstract: The insurance sector has a significant impact on the economic development of each country. The insurance market in Libya belongs to the group of markets with significant potentials, primarily in the life insurance segments, so in the coming years, a very dynamic growth of this sector is expected. In relation to countries, both in the region and in the world, where car insurance, along with life insurance, dominates and accounts for approximately 2/3 of realized insurance premiums, the conclusion is that the motor vehicle insurance market in Libya is underdeveloped.