Strong Growth rates for BAWAG P.S.K. Insurance

Professional Services › Insurance ♦ Published: May 14, 2011; 14:09 ♦ (Vindobona)

BAWAG P.S.K. Versicherung AG was able to get into the Top-Ten group of Austrian life insurance companies for the first time, due to its growth in 2010.

Strong Growth rates for BAWAG P.S.K. Insurance / Picture: © Vindobona.org

The company which is part of the Generali Group Austria, and was created in 2007 by the merger of BAWAG Versicherung and P.S.K. Versicherung achieved a premium increase of 22.5% to € 266.5 m in 2010.

Life insurance with single premium payment was particularly in demand in 2010. Clients invested 46.5% more than in the previous year in single premium insurance, for an amount of…

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