EUROSTAT REPORT
January 1st, 2002
BY KEITH NUTHALLA SIGNIFICANT trend towards the consolidation in the European Union's insurance sector has been highlighted by a report from the EU's statistical agency Eurostat, which has released detailed data about 1999.In that year, said the study, the number of EU insurance businesses decreased by 8.4 per cent between 1996 and 1999, with a particularly sharp decline in Britain, where numbers fell by 23.7 per cent.The total turnover in the industry, however, has been increasing in these years, up by 33.7 per cent, which said Eurostat "illustrated a strong ...
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