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CIG Pannonia revenue from premiums doubles in 2010

CIG Pannonia Life Insurance on Thursday said it had revenue from premiums exceeding HUF 25 billion in 2010, more than double the HUF 12 billion in 2009.

CIG Pannonia signed more than twice as many new policies in 2010 than in 2009. Sales of unit linked policies were over the target in Hungary and were in line with the targets in Slovakia and Romania, the company said. Sales channels continued to grow and be diversified, it added.

CIG Pannonia expects revenue from premiums to continue to rise in 2011. (MTI Econews)