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Insurance industry: CCP examines competition, market structure, growth constraints
ISLAMABAD: Pakistan’s insurance penetration remains at just 0.7 percent of GDP, with insurance density of only around USD 12 per capita, highlighting the limited reach of the industry despite a population of more than 240 million and significant untapped demand across agriculture, SMEs, health, microinsurance and rural markets. The figures were presented at a meeting of the Competition Consultative Group (CCG), convened by the Competition Commission of Pakistan (CCP) to examine competition, market structure and growth constraints in the insurance industry. According to the presentation made at...
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