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International

Risk insurance market to total $32.08 billion in Australia by June 2029: Report

June 03, 2015 Reprints

Research firm Rice Warner said in a report that the Australian risk insurance market is set to grow from $13.83 billion Australian ($10.75 billion) to 41.28 billion Australian ($32.08 billion) by June 2029, reported ifa.com.au.

"A more than doubling of the total market value over the next 15 years requires a growth rate of 7.6% per annum," said Rice Warner.

Another research firm said that risk income inflows in the country have increased by 5.7% over the past 12 months to March 2015.

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Risk insurance market to total $32.08 billion in Australia by June 2029: Report

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