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International

Asia expected to drive global insurance market growth in next few years: Munich Re

May 30, 2016 Reprints

A report by Munich Reinsurance Co. has said that growth in the global insurance market is expected to be driven by Asia in the next few years, The Philippine Star reported.

"Asia will remain the engine for the global insurance market as double-digit insurance sector growth is anticipated in Asia's emerging markets until 2017," said the report. The growth will be driven by continued high "catch-up" potential of life insurance in many emerging markets, despite uncertain macroeconomic environment, Munich Re said.

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Asia expected to drive global insurance market growth in next few years: Munich Re

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