CIG Pannonia closes successful year
CIG Pannónia Life Insurance had before-tax revenue of HUF 954 mln in 2014, up by HUF 187 mln from the previous year, the company said in a press release today.
The company saw a gross fee income of HUF 14.42 bln in 2014, down by 13.7% as compared to the previous year. HUF 12.761 bln of this income was collected from regular fees and HUF 1.659 bln constituted occasional fees.
“The company further diversified its sales channels and reconsidered its insurance mediator network, which lead to terminating the contract with Quantas”, the press release said, adding that the increased sales from the company’s own broker network was able to compensate for losses resulting from the termination of the Quantas contract.
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