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    Question

    Insurance penetration measures: 

    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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