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The personal accident and health insurance segment accounted for the lowest market share 10% of the French insurance industry in 2012. However, in terms of gross written premium, the segment registered strong growth and posted a review-period CAGR of 2.9%. The travel and healthcare insurance categories benefited from France’s increasing ageing population, increasing healthcare expenditure, and growth in the number of inbound and outbound travelers.
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Rising numbers of outbound travelers, sustainable economic development, and regulatory changes had a positive impact on the overall growth of the Colombian personal accident and health insurance segment during the review period. The segment grew at a CAGR of 8.9%, to reach a value of COP1.4 trillion (US$0.8 billion) in 2012. Rising medical expenses and increased numbers of fatal road traffic accidents were other contributors to the growth.
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