Austria

Introduction: 

Austria has a population of about 8.8 million. It is an EU member since 1995 and its official currency is the Euro.

It has a dynamic market characterized by stable nonvolatile volumes of written premiums in the life and non-life sectors. The insurance industry is impacted by technological changes. Online sales mark continuous growth even though a majority of insurance products are still sold either directly or indirectly. Surveys have shown that clients prefer to work with insurers online.

 

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