Pakistan Insurance Q4 2019
Penetration levels in both the Pakistan life and non-life insurance markets remain low at 0.6% and 0.3% respectively,especially in regards to neighbouring markets such as India. Despite this we expect to see positive growth across both sectors. Apredicted slowdown in the national economy has led to revised growth predictions, but both sectors will make gains over the five-year forecast period. Factors such as an expanding middle class and rising income levels will help drive demand, while motorinsurance coverage is expected to increase as car ownership levels begin to rise.
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