FMA publishes Q2 report on insurance industry

Professional ServicesInsurance ♦ Published: September 15, 2010; 17:10 ♦ (Vindobona)

After getting off to a strong start in 2010, Austria's insurance industry has enjoyed a solid second quarter. Premium revenues grew in all balance sheet groups.

FMA publishes Q2 report on insurance industry / Picture: © FMA Finanzmarktaufsicht

The result from ordinary activities increased by 58.2% compared with the same period of 2009 to reach €552 million, the best half‑year result of the last three years.

Premiums written in direct business - excluding reinsurance business - totalled €9.04 billion during the first six months of 2010.

Compared against the traditionally strong first quarter of the…