Austria has a population of more than 8 million. It is a member of the European Union and of the Eurozone.

It has one of the fastest aging populations in the EU. According to the US Census Bureau data, the percentage of people aged 65 and above is expected to reach 20.0% in the coming years. This will create growth opportunities for the life segment over the forecast period, increasing consumer dependence on savings products such as life insurance.

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