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Pakistan: Insurance penetration and density improving

September 1, 2014 - 6:00am


Insurance penetration in Pakistan has been low for many years, but the current figure, though low, represents a marked improvement, The Express Tribune reported.

Figures show that insurance penetration increased to 1.73% of GDP in 2013 from 1.3% in 2010, while insurance density improved to 9.39% in 2013 from 6.36% in 2010.

Premiums reported in 2013 totaled 176.5 billion Pakistani rupees ($1.67 billion), up from PKR 100.7 billion ($955.6 million) in 2010, representing a compound annual growth rate of 20.55%, The Express Tribune reported.

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