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Swiss Re predicts 5% commercial insurance premium growth


A report by Swiss Re Ltd. has forecast that commercial insurance premium will grow by 5.3% in Japan in 2016, reports Asia Insurance Review.

Demand for commercial insurance will mainly be driven by economic growth. Demand for property insurance is likely to be driven by increased awareness of business interruption risks, while business interruption and increasing awareness of the potential damage to reputation are expected to boost cyber insurance demand.

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