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Zurich profits driven by sales of Life Insurance

Friday, May 14, 2010

The largest insurance company in Switzerland, ‘Zurich Financial Services’, has reported a 76 per cent increase in profit for the first quarter of 2010.

This was largely driven by high sales of life insurance policies according to the company.

Zurich’s net income rose considerably from $532 million in the first quarter of 2009 to an impressive $935 million which exceeded expectations of many analysts as they all predicted a lower net income.

These increased profits were ... Read full article

Category: Life Insurance

Aviva reports 60 percent reduction in Life Insurance applications

Thursday, May 13, 2010

Well known insurer Aviva claim that they have managed to bring down the amount of report requests made to doctors by 60% by using underwriters and nurses to speak directly to customers and gather extra medical information.

The initiative, known as Improving Customer Underwriting (ICU) emphasises the necessity of underwriters to make faster and better decisions.

In addition to time saving and improved efficiency in getting customers cover sorted out quicker the plan is aimed at ... Read full article

Category: Life Insurance
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