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Groupama eyes agriculture insurance opportunities in China

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French insurer Groupama S.A. sees great opportunities for agriculture insurance in China because of the country's steps to boost the productivity of its agricultural system, the Global Times reported.

Yuri Narozniak, deputy chief of the insurer's joint venture in China, told the newspaper that the recent developments allow higher investments in machinery and productivity, "thus increasing the insurance premium."

Mr. Narozniak also said China is currently the fifth largest market for Groupama by premium income, but is expected "to become number two soon."

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