Allianz Greece reports 9.2 mln euro profit in H1

Allianz Greece on Thursday reported after-tax profits of 9.2 million euros in the first half of 2011 and said premium production rose 2.0 pct in the January-June period, compared with the same period last year. Premium production totaled 120 million euros, with car insurance production up 14.3 pct, general insurance rising 9.1 pct and life insurance falling by 5.1 pct.
Petros Papanikolaou, chief executive of Allianz Greece, commenting on the results said that the state must offer permanent solution to chronic problems facing the insurance market, such as uninsured vehicles, excessive health services cost, a very high technical interest on life products, the absence of tax incentives for private pensions.

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