FRANKFURT Dec 18 Allianz is
increasing the number of customers and insurance policies it has
in Spain, while revenue from the debt-crisis rattled country
remains flat, an Allianz board member said.
"Our business is oriented toward the long term," Helga Jung,
board member responsible for insurance in Iberia and Latin
America, told Handelsblatt newspaper.
Spain's economic crisis has led to a fall in claims for car
damage because people are driving less, but it also means that
insurers are not able to push through price increases.
"It is still notable that we have been able to raise the
number of customers and policies," she said.
Brazil and Latin America generally also have large growth
potential, she said.
(Reporting by Jonathan Gould; Editing by Hans-Juergen Peters)