Vienna Insurance Group Insurance Leader in Austria and CEE

Vienna Insurance Group is the largest insurance company in Austria and the CEE region. It's a significant player in the insurance market.

The group has a long history, dating back to 1828 when it was founded as the Vienna Insurance Company. This makes it one of the oldest insurance companies in Europe.

Vienna Insurance Group has a strong presence in Austria and the CEE region, with a significant market share. This is due to its extensive network of branches and agencies.

The Vienna Insurance Group takes corporate responsibility seriously, and it's evident in their various initiatives. They've been presenting the Günter Geyer Award since 2012 to member insurance companies that make notable contributions to society.

These awards recognize efforts that drive positive impact for society, and the activities are diverse and address various social issues. The common goal is to make a difference.

One way the Vienna Insurance Group promotes corporate responsibility is through the Günter Geyer Award, which acknowledges member insurance companies that excel in social responsibility initiatives.

At Vienna Insurance Group, leadership is a key driver of performance. The company's leadership team has a strong track record of strategic decision-making, which has enabled them to navigate complex market conditions and achieve their goals.

The group's performance is also influenced by its operational efficiency, with a focus on cost management and process optimization. This is reflected in their ability to maintain a high level of profitability despite intense competition in the insurance industry.

With a strong leadership team in place, Vienna Insurance Group is well-positioned to continue delivering strong performance and achieving its strategic objectives.

The Vienna Insurance Group has a rich history that spans over 190 years, dating back to 1824 with the founding of the k.u.k. priv. wechselseitige Brandschaden Versicherung.

The company has undergone significant transformations over the years, including a major expansion in central and eastern Europe in the late 1980s with the founding of Kooperativa in Czechoslovakia.

In 1994, the company was transformed into a corporation, introducing preferred shares on the Vienna Stock Exchange, and later changing them into common shares in 2005 to finance acquisitions.

In 2006, the brand Vienna Insurance Group was introduced as a global brand, used alongside original names in central and eastern Europe.

A new capital increase in 2008 allowed the company to acquire the insurance business of Erste Group, making VIG the market leader in central and eastern Europe.

That same year, VIG founded ViG Re, a reinsurance company located in Prague, Czech Republic.

The management team at Vienna Insurance Group is led by Elisabeth Stadler, who has been Chairwoman of the Managing Board since January 1, 2016, and also serves as General Manager and CEO.

Elisabeth Stadler is the driving force behind the company's leadership and performance.

The Managing Board consists of six members, including Elisabeth Stadler, Chairwoman of the Managing Board, and five other members: Liane Hirner (CFO), Franz Fuchs, Peter Thirring, Judit Havasi, and Peter Höfinger.

Here are the members of the Managing Board:

Vienna Insurance Group has made a significant transition from a national insurance company to an international insurance group with over 50 insurance companies in 25 countries.

This internationalization strategy has been successful, with about 50% of the group's premiums coming from Central and Eastern European markets.

The group is active in many countries, including Austria, Albania, Bulgaria, Germany, Estonia, Georgia, Croatia, Latvia, Liechtenstein, Lithuania, Macedonia, Montenegro, Poland, Romania, Serbia, Slovakia, Czech Republic, Turkey, Hungary, Ukraine, Belarus, and Bosnia and Herzegovina.

Vienna Insurance Group has a presence in Italy and Slovenia through branch offices.

Here's a breakdown of the group's market presence:

We are the leading insurance group in Austria, Central and Eastern Europe, with a strategy that relies on diversity as a success factor. This diversity ensures the greatest possible proximity to customers and promotes innovation and creativity.

Our internationalisation strategy has made us an international insurance group with over 50 insurance companies in 25 countries. In fact, about 50% of our group premiums already come from the Central and Eastern European markets.

We're active in 25 countries, with a presence in Austria, Albania, Bulgaria, Germany, Estonia, Georgia, Croatia, Latvia, Liechtenstein, Lithuania, Macedonia, Montenegro, Poland, Romania, Serbia, Slovakia, Czech Republic, Turkey, Hungary, Ukraine, Belarus, and Bosnia and Herzegovina. We also have branch offices in Italy and Slovenia.

Here's a snapshot of our market presence:

Vienna Insurance Group has a strong focus on data and technology, with a digital transformation strategy aimed at improving customer experience and operational efficiency.

The group's IT infrastructure is centralized, allowing for better management and control of technology across its various entities.

Vienna Insurance Group has a data-driven approach, using advanced analytics and artificial intelligence to drive business decisions and improve risk assessment.

The group's IT investments have led to significant cost savings and improved customer satisfaction, with a reported 20% reduction in claims processing time.

With a strong digital presence, Vienna Insurance Group is well-positioned to take advantage of emerging trends and technologies, such as blockchain and the Internet of Things.