ING 1st Quarter Sales
ING Australia reports that its life insurance sales for the first Quarter in 2009 increased by nearly 25 per cent compared to the same period in 2008.
Commenting on this increase, Gerard Kerr, Head of Products, Marketing, and Reinsurance for ING Australia’s Life Risk division, said: “The trend increase in life insurance sales reflects the increasing concern Australians have with the current economic environment and their need to protect existing wealth.
“The last 15 years witnessed a phenomenal growth in personal wealth, and this economic downturn now focuses our attention on how to protect that wealth in cases of adversity or crisis,” said Mr Kerr, who added ”Often during critical historical moments life insurance enquiries and sales increase. Today we are witnessing similar life insurance sales trends to previous difficult times.”
