Sunday, December 28, 2008

Insurance market: less mortgage credits and house policies

Insurance market: less mortgage credits and house policies


The crisis on the mortgage credit market might seriously influence the insurance companies. The market of housing policies, which increased last year by 20%, will slow down. Currently, many banks resign from foreign currency credits, which is a bad news for the insurers. Last year, the increase of profit from those policies amounted 100 mln zloty's.

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