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Saudi Arabia leads the country opportunity index in Aon Benfield Group Ltd.'s 2014 Insurance Risk Study, followed by Ecuador and Singapore, reports Saudi Gazette.
Aon Benfield said the property/casualty industry achieved a global underwriting profit in 2013, adding that property/casualty premium volume is likely to grow 18% in the next five years to $1.6 trillion by 2018. The report said insurance and reinsurance premium worldwide totaled $4.9 trillion in 2013, up 0.9% year on year.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms