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Dominican Republic insurance market: Stable economy to help foster growth

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The Insurance Industry in the Dominican Republic, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-23 16:17:02
The Dominican insurance industry is expected to grow over the forecast period. Stable economic growth, increased investment in infrastructure, and growing demand for health insurance are the main factors which will support growth. Also, a new mortgage law to facilitate the growth of the housing market in the country will spur the demand for products related to property insurance.

The low insurance penetration will provide companies with potential for growth, supported by increasing consumer awareness of insurance. New product developments to cater to growing and changing consumer needs, along with strategic alliances by companies to expand market presence, will drive growth in the coming years.

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