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Spirethoughts

Spire's six most recent Spirethoughts.

Microsoft supports Asia's renewable energy industry
Microsoft supports Asia’s renewable energy industry
As Sri Lanka's population ages, the insurance market booms
Africa's aviation sector opens up
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Egyptian-Israeli gas deal to boost bilateral trade

As Sri Lanka’s population ages, the insurance market booms

As Sri Lanka experiences demographic shifts – by 2021, 16.7% of the population could be aged 60 or above – the life insurance market is booming.

The nation’s average economic growth stands at a brisk 6.2% since the end of the bitter civil war in 2009, with services and manufacturing leading the way.

As Sri Lankans live longer, demand is surging for insurance products such as endowment and pension policies, with retirement planning taking a front seat.

Will insurance continue to be one of Sri Lanka’s sunrise industries?


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Nidhi Singh
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Spire Research and Consulting
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E-mail: nidhi.singh@spireresearch.com

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