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Allianz Hungária announces increasing revenue from life policies

Allianz Hungária, Hungary's biggest insurer, has taken in revenue from premiums on life policies of Ft 20 billion so far this year, already surpassing revenue from life policies during all of 2004, deputy director for sales Tamás Kalózdi announced on Wednesday. Last year Allianz Hungária had revenue from premiums on life policies of Ft 19 billion. The company said earlier it aimed to boost its share of the life market from 7.8% at the end of 2004 to 10% by the end of 2006. Allianz Hungária had a 25.9% share of Hungary's entire insurance market at the end of last year.