VIG companies in the Czech Republic

Kooperativa is VIG’s largest subsidiary outside Austria and the second largest insurance in the Czech Republic, with a market share of more than 20%. For 20 years now, it has been offering its customers attractive solutions in the life and non-life insurance areas. Approximately 3,800 employees ensure that both private policyholders and corporate clients receive all-round care.

The company positions itself as a leader in innovation in the industry, moving forward with the steady development of the insurance landscape through the introduction of new products. For example, in 2010 the sale of motor vehicle legal expenses insurance was begun.

Furthermore, the company is characterised by its broad product offering and its strong nationwide distribution network. In light of all the foregoing, Kooperativa has been given numerous awards, including in 2010. Among others, it was awarded the title “Insurer of the Year” for the third time in a row. In the ranking of the 100 best Czech companies, Kooperativa won an excellent fourth place, making it the best financial service provider in the ranking.

ČPP is the eighth largest insurance company in the Czech Republic. In 2010 the company celebrated the 15th anniversary of its founding. More than 880 employees in approximately 320 branch offices serve customers on matters of both life and non-life insurance. ČPP focuses on the area of motor vehicle insurance. With about 970,000 insured vehicles, ČPP is one of the leading insurance companies in the market in this segment. ČPP expanded its offering of insurance products in 2010 by including motor vehicle legal expenses policies.

In the competition among insurance brokers, ČPP took second place in the product category of motor insurance and third place in the area of retail customer insurance.

PČS has been part of the Vienna Insurance Group since 2008. The company commenced operations in 1992. The focus of its business is in the area of life insurance, where it holds the third place in the market. The main distribution channel of PČS is Česká spořitelna, the largest bank in terms of the number of customers in the Czech Republic, with more than 5 million customers and approximately 660 branches.

Again in 2010, PČS received a number of awards for its “Flexi” life insurance product. In the “Bank of the Year 2010” competition, this insurance solution came in second. By receiving the “Zlatá koruna” (“Golden Crown”) award, the company continued with last year’s victory. “Flexi” is one of the best-selling life insurance products on the market. The solution for the entire family combines the ideas of savings and insurance, and can be customised to one’s current life circumstances.