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Home > Company Index > Insurance > Surety, Title & Miscellaneous Insurance > Bayerische Vita S.p.A.

Bayerische Vita S.p.A.
 PROFILE
Agents! Collaborators! No, it's not espionage -- it's Bayerische Vita. Bayerische Vita provides life insurance policies to individuals, families, and businesses throughout Italy. The company's pyramid network marketing structure includes about 14,000 "collaboratori" who earn commissions on the sale of life insurance to individuals. The "collaboratori" seek others to join the sales network, and receive a cut of their commissions, too. A network of about 340 agents gets first dibs on the customers of the "collaboratori". The agents offer a full line of insurance products and provide after-sales service. Bayerische Vita is 70% owned by ERGO, a German subsidiary of reinsurance giant Munich Re.

 COMPETITION
Alleanza Assicurazioni S.p.A. (AL)
Assicurazioni Generali S.p.A. (G)
Riunione Adriatica di Sicurtà SpA (R)

 FINANCIAL OVERVIEW
Fiscal Year-End: March
1999 Sales (mil.): 258.80

 KEY PEOPLE
• Aurelio Ricci
    CEO
• Daniele Grimaldi
    CFO

 CONTACT INFO
Via Ripamonti 286/17
20141 Milan, Italy
Phone: 39-025-7441
Fax: 39-025-9953
Online: Web Site

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