Life insurance in Europe is taking off

International Insurance fund news

As consumers stay away from riskier investments, they’re choosing this coverage instead. Two of the largest European insurers, Axa and Allianz, are exceeding the profit predictions as consumers who are shying away from risky investments are choosing traditional life insurance for its comparative stability and safety. The top insurer in Europe, Allianz, saw 2.8 percent greater year over year profits in the second quarter. The insurer reported that its operating profit was €2.37 billion in the second quarter of 2012. This is an increase that is far about the €2.2…

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