New Market Research Report: Non-Life Insurance in Pakistan, Key Trends and Opportunities to 2017
The Pakistani non-life insurance segment recorded robust growth during the review period, driven by the positive economic outlook and favorable government regulations for the segment. In addition, growth in the Pakistani insurance industry is supported by increasing levels of risk awareness and risk avoidance knowledge among consumers. According to International Monetary Fund (IMF) statistics, the country's GDP grew at a CAGR of 19.2% during the review period (2008-2012) to reach a value of PKR20.7 trillion (US$223.6 billion) in 2012.
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