Question

Explain 'Insurance penetration' in the light of general insurance.
(min. 50 words)​

Answer 1

Question

Explain 'Insurance penetration' in the light of general insurance.

Answer

Insurance penetration is used as an indicator of insurance sector development within a country and is calculated as the ratio of total insurance premiums to gross domestic product in a given year.

Answer 2

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Explanation:

Insurance penetration is used as an indicator of insurance sector development within a country and is calculated as the ratio of total insurance premiums to gross domestic product in a given year.

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