Microinsurance Industry Research Report 2024-2029: Increasing Government Regulations on Mandatory Insurance Coverage in Developing Countries Driving Microinsurance Market Growth [Yahoo! Fi...
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Source: Yahoo! Finance
Dublin, Dec. 02, 2024 (GLOBE NEWSWIRE) -- The "Microinsurance - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024-2029)" report has been added to ResearchAndMarkets.com's offering. The Microinsurance Market size is estimated at USD 70.10 billion in 2024, and is expected to reach USD 96.22 billion by 2029, growing at a CAGR of 6.53% during the forecast period (2024-2029). The growing utility and cost-effectiveness of mobile technology worldwide have opened the floodgates for the global microinsurance market. With increased demand from low-income individuals, emerging markets, and SMEs, the expansion of the microinsurance market lies in the use of technology and innovative financial systems. This growing market represents a significant opportunity for businesses prepared for growth. The revenue generated from microinsurance is consistently rising, indicating a growing global embrace and utilization of these products. This trend is attributed to factors s
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