Monday, June 20, 2016

Casualty coverage



Diekmann, whose modern agreement as CEO ends in 2014, might also stay within the function for 2 extra years, supervisor Magazin said on Feb. 19.

Allianz’s belongings and casualty coverage unit became the best department to make a profit in the fourth sector. running income rose 26 percentage to €1.53 billion [$2.088 billion]. The unit’s spending on claims and other charges as a percent of premiums, referred to as the blended ratio, advanced to ninety two.2 percentage from ninety five.three percent a yr in advance. A ratio under 100 percentage manner an insurer is creating a make the most of underwriting.

take advantage of life and medical insurance dropped 14 percentage to €416 million [$568 million]. A unit Allianz phrases “corporate and other” saw earnings slide 35 percentage to €261 million [$356 million].

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