Life insurance as a clear growth driver

In 2010, the UNIQA Group recorded a clear increase in premiums in all segments and regions. The clear growth driver was the life insurance line with above average growth of 13.1% to €2,664 million, which was influenced in particular by positive trends in Italy. The agreement for intensified sales cooperation with the Group’s regional partner bank Veneto Banca, which was signed in good time in 2009, enabled UNIQA to participate in the exceptionally high demand and thus increase the life insurance premiums in Western Europe by 84.6% to €533 million. However, the UNIQA Group also achieved premium growth of 1.0% to €1,675 million in the life insurance line in Austria as well.

The demand for life insurance policies also recovered significantly in Eastern and Southern Europe – although to a disparate degree. Overall, the companies of the UNIQA Group increased life insurance premiums in this region by 11.7% to €456 million in 2010.