KBC unit-linked sales increase

Sales of life insurance products in 3Q 2020, at €420m, increased by four percent year-on-year. The rise was driven entirely by higher sales of unit-linked products (which include structured products) in Belgium, due to a shift from mutual funds to unit-linked products by private banking clients. However, quarter-on-quarter, sales of life products were 25% lower, mainly due to a drop in sales of both unit-linked products and guaranteed interest products in Belgium. Sales of unit-linked pro