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Regions / Global

Insurers call for G-20 caution on capital standards

Staff | April 8, 2014

SYDNEY – The Global Federation of Insurance Associations (GFIA) has called on the Australian presidency of the G-20 group of nations to avoid new regulations that could hamper the economic benefits of the insurance sector. The industry body noted that insurance companies covered $77bn of damage from disasters in 2012, and invested $4600bn in new premiums annually, especially in government and corporate bonds.

 

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