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Insurance premiums to GDP


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In the latest Value Investing Letter http://valueinvestingletter.com/this-months-issue.html, Marcelo Lima comments that Jeff Ubben of Value Act Capital said current insurance premiums as a percent of GDP were at/near the same level of prior market troughs (3.0% of GDP).  I have no idea if this is true, where to find the data, etc.  Has anyone heard or seen this before?

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