Satisfactory Results for Insurance Industry

Professional ServicesInsurance ♦ Published: March 17, 2011; 09:38 ♦ (Vindobona)

According to the FMA report, 2010 was a solid financial year for the Austrian insurance industry.

Satisfactory Results for Insurance Industry / Picture: ©

In the report released yesterday for the fourth quarter of 2010, the Finanzmarktaufsichtsbehörde (FMA, Financial Market Authority) indicates that the domestic insurance industry has enjoyed a solid financial year. Premium income increased in all divisions compared with the previous year; the profit from ordinary activities was € 1.1 bn, the second-high in the last five years.…