UNIQA BULGARIA HELPED BY GROWTH IN LIFE, MOTOR

Bulgaria-based Uniqa and Uniqa Life, subsidiaries of the Austrian insurance group of the same name, have posted premium revenue of nearly €61m in 2007, up 44% year on year. Most growth came from the underdeveloped life sector, where premiums were up 95% to €15.7m. Uniqa Bulgaria CEO Paul Moritz said that growth was also helped by an expanding motor insurance business. “The co-operation with the local Raiffeisen Bank as an important sales channel played an important part, and formed a sharply increasing contribution”.