Insurance, low profit rates

21/01/2020 12:23 PM 0 komente

FacebookLinkedinTwitteremailPrintWhile banks report high profit rates, which reach up to 35%, in the other financial, insurance segment, the picture is not so positive. Insurance companies’ profits remain relatively low, with single-digit rate of return fluctuating between 4% and 6%. Their profits are significantly related to the performance of claims, depending on the accidents that occurred and provisions for claims payable. Sigal, the largest company in the insurance market, reported earnings of ALL 204 million, down 33% as a result of […]

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