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English to Arabic translations [PRO] Other / insurance
English term or phrase:non-life insurance market
In the world’s ten largest non-life insurance markets, commercial liability claims totalled USD 84 billion in 2002, with USD 67 billion originating from the US alone. The relative size of insured commercial liability claims costs varies across countries, with the US leading at 0.64% of GDP. This is about three times the level seen in Europe’s largest economies.