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Protection sales slide at Swiss Re

Swiss Re reveals plummeting protection sales in 2004. New term assurance policies saw a 17.3 per cent fall in sales, with sales of CI and individual IP sales also down 30.9 per cent and 25 per cent respectively. Mortgage sales outperformed non-mortgage sales, but these also declined, with TA down 13.5 per cent compared to 21.3 per cent fall in non-mortgage sales. Mortgage-related CI fell 18.7 per cent, compared to a 46 per cent drop in non-mortgage CI sales.

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