In the Vienna Insurance Group, experience has shown that consistently promoting the development of women starting from the “rank and file”, including promotion of a balance between career and family, results in women moving successively upward through all levels of management. As a result of this process, the proportion of women in management positions directly reporting to the Managing Board of the Company (now known as VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe), including substitute members, has increased over about the last 20 years from 10% in 1992 to 50% as of 31 December 2010.
This includes the General Secretary for top management of the Group, Mag. (FH) Sabine Stiller and, for example, the women heading the legal and equity investment management areas.
Women now make up approximately 20% of the top executive boards (managing boards) of the European group companies of the Vienna Insurance Group. The proportion of women in the managing boards of some companies is significantly higher, as it is, for example, in the largest single company in the Group, Wiener Städtische Austria (40%).
In the major European companies of the Vienna Insurance Group, women hold approximately 40% of the management positions directly below the managing board.
Promotion of a balance between career and family has allowed more than a few top-ranking managers to celebrate the birth of a new child, including an active male member and an active female member of the managing boards of Austrian VIG companies.