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Venezuela: Industry premiums boom 53% in first half

August 11, 2014 - 6:00am

Insurers in Venezuela posted 57 billion Venezuelan bolivars ($9 billion) in premiums for the first half of 2014, up 53% year on year, El Universal reported.

However, sources said growth has not kept up with inflation. Meanwhile, claims paid during the six-month period totaled VEF 25.2 billion, up 34% year on year, reports El Universal.

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