Middle East, sharp rise of insurance premiums by 2017

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These forecasts are accounted for by the strong economic growth enjoyed by the region, while the insurance penetration rate remains, on average, of 1.14% for all countries in the region, against 6.5% worldwide.
The growth of average revenues, the increasing number of expatriates, the improved public perception of insurance and the efforts made by the authorities allowed the business to prosper considerably between 2006 and 2012.