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October 13, 2004

India, China hog the limelight in insurance: Study

Emerging markets led by India and China will be at the frontier of insurance in the 21st century, according to the latest study by research agency Swiss Re. Non-life premiums collected in emerging markets are expected to double from 123 billion dollars in 2003 to around 250 billion dollars by 2014, at constant prices.

Life premiums will increase even faster from 188 billion dollars to 450 billion dollars over the same period.

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Posted by Tom Troceen