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Brazil: Insurance premium growth to slow, says consultancy

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Brazilian insurance consultancy Rating de Seguros Consultoria has said that the country's total insurance premiums are likely to grow 8% year on year in 2014, which compares with an average growth rate of 15% over the recent years, BNamericas reports.

Combined premiums are expected to reach around 320 billion Brazilian reals ($136.8 billion) in 2014. Slow growth in the insurance sector can be attributed to the country's weakening economy.

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