Insurance Industry: Moderate Decline in Premiums

Professional Services › Insurance ♦ Published: September 15, 2011; 20:26 ♦ (Vindobona)

Total premiums written dropped by 2.87% in the period from April to June. Life insurance business was down 11.23%.

Insurance Industry: Moderate Decline in Premiums / Picture: © Vindobona.org

In the second quarter of 2011, Austrian insurance companies recorded a slight drop in premiums compared to the same period in the previous year. This is the result of the Financial Market Authority’s (FMA) latest report on the insurance industry. Premiums written (excluding reinsurance) amounted to € 3.95bn which corresponds to a decline of 2.87% year-on-year.

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