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Saudi Arabia and U.A.E. lead Gulf insurance markets

April 11, 2014 - 6:00am

Saudi Arabia and the United Arab Emirates are the biggest markets in the Gulf Cooperation Council for insurance products, Alpen Capital Ltd. said.

Saudi Arabia's insurance sector is expected to grow at a cumulative annual growth rate of 26.5% between 2012 and 2017, while the U.A.E. is forecast to grow at a CAGR of 14%, Gulf News reported.

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