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According to Swiss Re, the worldwide insurance market wrote $6.287 trillion in direct premiums in 2020. However, the European Union's single market is the actual second largest market, with 18 p.c market share. Travel insurance is an insurance cowl taken by those that travel abroad, which covers certain losses similar to medical bills, lack of private belongings, travel delay, and personal liabilities. Bloodstock insurance covers particular person horses or numerous horses beneath common ownership.

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