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Munich Reinsurance Co. has said in a recent report that the property/casualty insurance growth in Middle East and North Africa is likely to be the second highest in the world for 10 years from 2016-25, reports Middle East Insurance Review.
Saudi Arabia, Iran and Turkey in MENA would account for three of the top 10 fastest growing property/casualty markets over the next decade, said the report.
The property/casualty market in MENA is likely to post growth rate of above 5% in 2016 and over 6.5% in 2017.