Generali's determination begins to pay off

"Achieving this result is due to achieving a desired claim ratio," said Erich Fischer, president of Generali Polska. The life insurance branch of the firm recorded Q1 revenues of zl.117.5 million, which is almost twice as much as in the same period of 2005. According to president Fischer this was the result of increased activity of the sales network and of increased cooperation with external channels. Generali's pension fund recorded a near ten fold increase in the number of active accounts to 424,400 at the end of Q1 2006, up from 47,300 in Q1 2005. The value of assets managed almost doubled to zl.3.3 billion. (Puls Biznesu, pp. 1, 7) M.M.