Insurance Market Analysis

Who's the target market? AB (>3 SM): 15%, 29m CD (<3SM) +/- 67% of the MI target market population, 128m 35% E: 18%, 35m 30% 25% 20% 15% 10% 5% 0% Source: FGV (2009); Beltrao et al, 2009 No income O up to % MW MW% 01% ½ to 1MW 1 to 2 MW 2 to 3 MW 3-5 MW >5 MW Did not declare TOTAL Urban Rural

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