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“Ukraine war dashes hopes of bumper year for insurance” – Allianz

May 24, 2022

Russia’s invasion of Ukraine has ‘dashed’ hopes for a bumper year for the insurance industry, says a new report from Allianz.

The Allianz Global Insurance Report 2022 says that this year was expected to be ‘another bumper year’ for the insurance industry, but this was lain to waste by Russia’s invasion of Ukraine.

As a result, the firm said that premium income will grow by around 1pp slower than was originally assumed.

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