Increase in sales for OeKB Versicherung

Professional Services › Insurance ♦ Published: March 26, 2011; 12:24 ♦ (Vindobona)

After the crisis of 2009, the export insurer OeKB Versicherung AG recorded a significant increase in sales last year.

Increase in sales for OeKB Versicherung / Picture: © Vindobona.org

At the same time the claims ratio for the credit insurer was reduced to one fifth of its level in 2009, stated CEO Helmut Altenburger. Cause of the recovery was the return to a risk premium and increasing exports.

"While in 2009 essentially more claims were reported, we were able to reduce the claims ratio significantly in 2010. Besides our risk assessment, this is due of course…

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