Austria's Insurance Industry Is on the Rise

Professional ServicesFinancial Services ♦ Published: February 24, 2011; 00:04 ♦ (Vindobona)

In spite of still felt repercussions of the economic crisis, the Austrian insurance industry shows positive results in all divisions.

Austria's Insurance Industry Is on the Rise / Picture: ©

Preliminary calculations show premium increases in all areas for 2010. Overall, the Austrian insurance industry recorded an increase in premium income of 2.0% to € 16,753bn. Total insurance payments amounted to € 11,980m last year, a decrease of 1.7% compared wit the previous year.

With an increase of 1.9%, the premium volume in life insurance grew to € 7,557 in 2010.…