The latest insurance industry and company news and analysis from FriedlNews
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Austrian Insurance Industry Headlines

Austrian Insurers Earnings Decline in 2014, Premiums Up

Austrian insurance firms suffered a 5.9percent y/y decline in their combine earnings on ordinary operations in 2014 to EUR 1.42 billion (USD 1.53 billion), albeit their premiums rose by 2.82 percent y/y to EUR 17.08 billion, financial market watchdog FMA data showed.

April 20, 2015

Uniqa Insurance Embedded Value Slips in 2014

Listed insurance group Uniqa saw the embedded value slip to EUR 4.201 billion (USD 4.43 billion) in 2014 from EUR 4.217 billion, the company said Wednesday.

April 15, 2015

Uniqa Insurance New Life Policy Sales in Line With Plan

Listed insurer UNIQA's sales of new life insurance policies without guaranteed interest rate are going well, CEO Hartmut Loger said in a press statement on Tuesday. Some 2.5k contracts with a premium volume of over EUR 3 million (USD 3.25 million) have been sold so far, above the plan and more than a year earlier.

April 7, 2015

Insurer Talanx has to Make Write-Down on Heta

German insurer Talanx announced it was one of the creditors of Hypo Alpe Adria successor company Heta. Talanx estimates its exposure with regard to Heta liabilities at tens of millions of euros.

March 23, 2015

Helvetia Insurer Raises Premiums in Austria in 2014

Insurer Helvetia raised total premiums in Austria by 18 percent in 2014 to EUR 310.4 million (USD 327.1 million), mostly thanks to the purchase of insurance firm Basler Versicherung completed in late August, Helvetia said.

March 17, 2015

UNIQA Keeps Business in Eastern Europe

In spite of passing problems insurance group UNIQA wants to keep its business in all 15 CEE countries and also in Russia and Ukraine, CEO Andreas Brandstetter told the press on Friday while presenting the figures for 2014. The interest level will be small over the next years though.

March 6, 2015

Allianz Austria Books Record-Breaking Results for 2014

Allianz Austria set many records in 2014. CEO Wolfram Littich expects similarly good results this year. Just as in the whole business, in the life segment the company grew in opposition to the general trend on the market.

March 6, 2015

Insurers Raised Premiums by 3.3 Percent in 2014

According to preliminary figures Austria’s insurance sector saw its premium income rise by 3.3 percent to EUR 17 billion (USD 19.3 billion) in 2014, the Austrian Insurance Association (VVO) stated.

February 26, 2015

Vienna Insurance Group Places EUR 400 Million Bond Issue

Vienna Insurance Group AG Wiener Versicherung Gruppe placed a subordinated bond with a volume of EUR 400 million with institutional investors.

February 18, 2015

Health Insurance Industry Expects EUR 129 Million Deficit

Austria’s health insurance fund managers expect after several years of surplus to generate a deficit again this year. According to the latest estimates of the Chief Association of Social Insurance Agencies (Hauptverband der Sozialversicherungsträger) the deficit might reach EUR 128.9 million (USD 147 million) in 2015, which marks a hefty drop from last year’s surplus of EUR 83 million (USD 94.9 million).

February 16, 2015