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GCC insurance market to surpass $36 billion in 2024


A report by U.A.E-based investment banking advisory firm Alpen Capital (ME) Ltd. said that the Gulf Cooperation Council's insurance market is expected to grow 4.3% annually between 2019 and 2024, Middle East Insurance Review reports. The growth will be driven by economic revival, rising population, strengthening regulatory reforms and continued implementation of mandatory insurance coverage.

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