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Protectionism hampering insurance industry: Experts

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Insurance and reinsurance industry experts said that growing protectionism in emerging markets such as in Asia and Latin America is hindering the industry's growth prospects, BusinessDay reported. Inga Beale, chief executive of Lloyd's of London, said that protectionist measures threaten reinsurers' ability to transfer and diversify risk. Industry association Insurance Europe said that these measures limit the amount of premiums that exit a country's market and increase the volume of risk concentration within the country.

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