Life Insurance in Austria, Key Trends and Opportunities to 2018 - New Report Available
In terms of gross written premium, life was the second-largest segment, behind non-life, in the Austrian insurance industry in 2013. The segment accounted for industry shares of 45.0%, 42.4%, 40.0% and 39.0% in 2010, 2011, 2012 and 2013 respectively, and fell from being the leading segment in 2011 to the second-largest in 2012 and 2013. This was mainly due to the rapid decline of single-premium life products following an increase in the lock-in period from 10 to 15 years. The...
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