New Market Study Published: The Insurance Industry in Madagascar, Key Trends and Opportunities to 2017
Volatile economic conditions in Madagascar had little impact on the insurance industry, which registered a CAGR of 26.7% during the review period. Penetration as percentage of GDP stood lower than neighboring Mozambique. This low penetration rate is expected to provide scope for growth over the forecast period. Since Madagascar Mining Corporation began mineral extraction in 2008, the country's mining industry has undergone a period of growth. The start of production at the nation's largest mine fuelled growth for mining-related insurance...
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