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A European union.

Second only to the US, Europe would seem to represent a formidable insurance market and moves towards supranational legislation for a single industry look set to cement this. However, markets within individual countries vary greatly, with some telling a completely different story, says John Burke.

The European Union now comes a close second in the world in terms of
insurance market size - not least because it is home to seven of the top
10 reinsurers and partially thanks to the euro/dollar

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