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insurance

French insurer Axa pulls out of tobacco industry

PARIS: France's biggest insurance group AXA said Monday it was pulling out of the tobacco industry, divesting about 1.8 billion euros ($2.0 billion) of assets in the sector as part of the fight against smoking.

Pakistan insurance market set for takaful boost

ISLAMABAD: The insurance sector of country is set for a boost in competition which could help spread the uptake of insurance after the industry regulator allowed conventional firms to offer sharia-compliant products (takaful) earlier this…