Increasing demand for retirement products boosts life premiums

The market welcomed a new retirement insurance scheme in 2006, with almost 700,000 contracts already in force

The steady development of the Austrian non-life insurance market continued in 2005, showing a 3.7% increase, slightly slower than 2004 growth at 5.2%. According to calculations by Swiss Re, growth in inflation adjusted terms was 1.3%, against 3.1% previously.