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Net life insurance savings inflows matched outflows in March 2017

In March 2017, net life insurance savings inflows matched outflows.

From the beginning of the year 2017, insurance companies collected 34.7 billion Euros of premiums (compared to 37.3 billion Euros over the same period in 2016). Payments to unit-linked products accounted for 9.3 billion Euros from the start of the year, i.e. 27% of premiums.

Over the same period insurance companies paid out benefits of 33.7 billion Euros.

Net inflows from the beginning of the year were 1 billion euros.

At end March 2017 in-force life insurance business (mathematical provisions + profit sharing provisions) stood at 1,646 billion Euros (up 3% year-on-year).