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Insurance adoption to rise in China, India: Hannover Re

Posted On: Sep. 12, 2019 6:23 AM CST


Germany-based Hannover Re SE expects insurance adoption to rise in China and India given their population density, a rapidly expanding middle class and the associated increase in asset values, Asia Insurance Review reported. The reinsurer expects property/casualty insurance rates to rise in medium to long term in both countries.

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