Business Studies, asked by avnanjan1570, 15 days ago

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

Answers

Answered by AkariOzora

Question

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

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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.

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Answered by ArmylovesBTS1

$answer$

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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