In chapter two, we discussed the current situation of the insurance sector in Palestine. The insurance market can be classified as an oligopoly since three insurance companies control 60% of the market.

You are required to write a short report discussing "How the lack of a perfectly competitive insurance market in Palestine can limit the development and the spread of more comprehensive insurance services. And what are the main challenges that face the insurance industry in Palestine."

Requirements:

1) You should write no minimum than 600 words.

2) Report should be in English.

3) Please upload your report as a pdf file via ITC

4) Report should be written in your own language as plagiarism is seriously considered.