AUSTRIA: LOWER YIELDS FOR LIFE POLICIES
Article Abstract:
Austria's insurance association has announced that insurance companies will reduce profit sharing on life insurance policies. It is estimated that the reduction will be about 0.5%-points. The decrease is explained with the weakness of capital markets and the fall of insurers' interest revenues. Until now life insurance policies have yielded an interest and profit sharing of a total of 6% to 6.5%. However, the maximum guaranteed interest was reduced by law from 4% to 3.25%.
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2001
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AUSTRIA: KEEN DEMAND FOR LIFE ASSURANCE
Article Abstract:
In the first half of 1999 Austrian insurers saw a more than 20% increase in premium income from life policies compared with a year earlier to Sch 33.3bn. The insurance association reports that single-premium policies accounted for about a third of the total. Premiums from private pensions insurance policies increased by more than 56% to Sch 6.3bn.
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 1999
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ITALY: UNIQA BOOSTS PENSION INSURANCE
Article Abstract:
The Austrian insurance group Uniqa has set up a pension insurance branch in Milan
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2000
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