A growth of 34% in premiums

The insurance industry grew by 34% between 2007 and 2009. This growth was only 14% between 2003 and 2006. The insurance industry seems to be one of the most promising segments of the economy in the years to come. According to the National Insurance Commission (NAICOM), the premiums’ volume could double in the next five years.
Insurance today accounts for just 1% of the GDP. Many obstacles must still be resolved: lack of consumer confidence, weak technical and financial capacity, lack of innovation and transparency and inefficiency of the control system.

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