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Insurance industry performance drops due to contraction of financial services sector
The insurance sector performance for calendar year 2016, plummeted from a high 21% in 2015 to just 3.6% in 2016.

The insurance sector performance for calendar year 2016, plummeted from a high 21% in 2015 to just 3.6% in 2016.

This explains the general contraction of the financial services sector which includes banks and insurance companies in the outgoing financial year.

That kind of performance adds credence to the slowed state of the economy in real terms.