Insurance Around the World: briefly summarize the history of insurance in the country you are in.

Insurance Around the World
• If available, briefly summarize the history of insurance in this country.
• What regulations affecting insurance products and/or insurance consumers are found in this country?
• How many insurance companies operate in this country?
• Are foreign insurers from the U.S. and other countries allowed to do business in this country?
• What are the most important lines of insurance in this country? (many foreign countries classify insurance as “life” and “non-life” or “property”)
• Are the insurance markets in your chosen country growing, stagnant, declining?