Vienna Insurance Group will continue to follow its current strategy and also commits to sticking to its proven principles in the future. This means that the Group will continue to concentrate on its insurance business and follow a very conservative investment strategy. The multi-brand strategy will also be maintained. Mergers will, however, be considered when clear potential synergies outweigh the benefits of a diversified market presence. In addition, the collaboration with the strong bank partner, Erste Group, will continue to be of great importance.
There will also be no change to the regional focus. VIG is, and remains, at home in Austria and Central and Eastern Europe. This economic area has enormous potential and the Group is optimally positioned to take advantage of this potential and continue its profitable growth in coming decades.
On the one hand, Vienna Insurance Group will remain true to its principles. On the other hand, however, rapidly changing conditions make it necessary to react immediately. VIG therefore monitors market developments carefully and meets new challenges with the necessary speed and flexibility.
Vienna Insurance Group has significantly strengthened its market leadership in Austria and the CEE region and occupies first place in its core markets. It wants to continue to increase its lead over international competitors in this region in the future, and grow faster than the market. This will mainly be accomplished by means of organic growth, i.e. the growth of existing companies. VIG may, however, make acquisitions that are a good fit for its portfolio, particularly in the growth regions, which include Bulgaria, Poland, Romania, Ukraine and the Baltic States.
