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Insurance purchases grow in wake of claims

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A general increase in claims spurred a jump in insurance uptake in Mexico in the third quarter, reported CNN Expansion.

The sector grew twice as much as the Mexican economy during the quarter. Mexico's insurance association said that the insurance sector is estimated to register growth between 5.6% and 6% in 2015. The association expects the sector to record growth of 7.4% in 2016.

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