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China drives global premium growth: Allianz

Posted On: Mar. 21, 2017 5:00 AM CST

Germany-based insurer Allianz S.E. said that initial projections indicate global insurance premiums rose 4.4% to nearly $4 trillion in 2016, with China being the main driving force behind the world's insurance market, Vanguard reported. The global insurance market's growth would have fallen to 2.7% without taking into account China's contribution to the sector, Allianz said.

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