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      Question

      Insurance penetration measures:Β 

      A Premium per capita Correct Answer Incorrect Answer
      B Percentage of premiums to GDP Correct Answer Incorrect Answer
      C Total claims paid as a percentage of premiums Correct Answer Incorrect Answer
      D Market share of major insurers Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Explanation: The correct answer is B. Percentage of premiums to GDP. Insurance penetration is typically measured as the ratio of insurance premiums to the Gross Domestic Product (GDP) of a country.

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