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Insurance is an important and growing part of the financial sector in virtually all developed and some developing countries. A resilient and well-regulated insurance industry
Insurance is an important and growing part of the financial sector in virtually all developed and some developing countries. A resilient and well-regulated insurance industry can significantly contribute to economic growth and efficient resource allocation through transfer of risk and mobilization of savings. In addition, it can enhance financial system efficiency by reducing transaction costs, creating liquidity, and facilitating economies of scale in investment
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