Sweden’s Skandia Insurance reported record sales for the year 2000 of SKr 197.7 billion ($20.9 billion) from growth in all sectors and all geographical areas.
U.S. sales of market leader Skandia’s variable annuity products rose from $6.9 billion to $8.2 billion, and overall U.S. sales registered a 17 percent increase.
Strong gains were also made in Europe and Japan. December was the only month in the year to show a decline, due to pressure on mutual fund sales.
Was this article valuable?
Here are more articles you may enjoy.
Why El Niño’s Promise of Quieter Hurricane Season May Not Be Good News for Insurers 
Bill to Curb Staged Accidents Introduced in Senate 
AM Best Calls $1.54 Billion Mapfre-Safety Marriage ‘Strategically Compelling’ 
After 55 Years in Florida Insurance, Tom Lynch Reflects on Agencies, Changes Needed 
