World Champion Austria
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Companies introduce themselves
Number 1 in CEE with roots in Austria Vienna Insurance Group: Austria’s largest insurance company is a stable and reliable partner.
Success the Austrian way VIG represents a classic Austrian success story, explains Professor Elisabeth Stadler, Managing Director of VIG: “In comparison with many of our competitors, we conscientiously followed a very open path, building on local skills and trust. It is important to think globally and manage locally. We continue to capitalise on a multi-brand strategy with local entrepreneurship. In this way, we have a broad diversification of markets, products and distribution channels. This makes us less dependent on individual market changes.” Facts & Figures
Credit: Sebastian Reich
First Mover In 1990, one year after the fall of the Iron Curtain, the first Austrian companies dared to make the leap into the East. One of those companies was the Vienna Insurance Group (VIG), which back then had three companies in Austria with a premium volume of roughly 1 billion euros. Today, this Austrian insurance group is still benefitting from the “first mover” principle. Nowadays, VIG operates in 25 countries with around 50 businesses and generates a premium volume of over 9 billion euros, making it the clear number 1 in the Central and Eastern European (CEE) region and the leading insurance group in Austria.
„Thinking globally and managing locally is one of our management principles and parameters of success.“ Prof. Elisabeth Stadler, Managing Director of Vienna Insurance Group
Roughly 50 companies in 25 countries About 25,000 employees More than 20 million customers Premium volume of over 9 billion euros Standard & Poor’s rating of “A+” with a stable outlook VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe Schottenring 30, 1010 Vienna Tel. +43 (0)50 390-22000 www.vig.com
A stable and reliable image VIG has created a stable and reliable position for itself, following its motto: “We do what we know best”. This applies to its activities, which exclusively focus on the insurance industry as well as its investment policy, which for the security of its customers is very conservative. “Our positive financial performance clearly demonstrates our stability. You can truly count on us in every sense of the word. We view this as an important basis for being a reliable partner for customers and investors in times of dynamic change”, says Professor Elisabeth Stadler emphatically. This can also be seen in the rating by Standard & Poor’s. VIG received an “A+” rating with a stable outlook and is therefore the company with the best assessment score in the ATX index on the Vienna Stock Exchange.