Austria:Axa to cut costs in car insuranse
In 1999, premiums of the Austrian insurer AXA Nordstern Colonia AG in blow allowance added by 3.3% to Sch 2.2bn, while claims payments rose from Sch 1.3bn to Sch 1.4bn. The bearings is difficult abnormally in the articulation of absolute car insurance. Adjustment costs accept added by about 30% back 1992 while allowance premiums accept [...]
