23 Jul 2008

Zurich Financial Services Group increased 40 percent goal in life insurance

Zurich Financial Services Group announced a substantial increase in life insurance business objectives 40 percent, to 2010 reached 1.2 billion U.S. dollars worth of new business.

Comprehensive foreign May 23, Zurich Financial Services Group (Zurich FinancialServicesAG) 23 announced a substantial increase in life insurance business objectives, this shows that Swiss insurance companies and the market as a whole in good condition.

The company said its global life insurance sector's goal is to have 2010 reached 1.2 billion U.S. dollars worth of new business, than the 850 million U.S. dollars before the goal of raising 40 percent, show that Zurich Financial Services Group to enter the savings due to strong demand for the products Market.

Zurich Financial Services Group CEO of Global Life MarioGreco said that the new business value target is to amend the amendment to promote the company's strategic direction, the company's strategic direction and professional portfolio from the national to the global scope of Life.

He said that Zurich Financial Services Group will focus on three global distribution channels to better serve local customers, targeting three specific groups of customers worldwide and through regional centres focus on providing core competencies.

Insurance company life insurance business value of new business is a key industry indicator, showed that the company's life insurance business's net wealth, or the company's new life insurance policy can be sold to investors value.

This indicator is very important because it reflects an insurer's ability to promote quality growth and financial markets will be how to develop the condition. These conditions such as interest rate forecasts, to determine the value of the new policy of practical significance.

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