Strong, broad regional presence
The Vienna Insurance Group currently has insurance companies or branch offices in 23 countries, 19 of which belong to the CEE region.
The Vienna Insurance Group is relying on intensive market observation, with heavy involvement of its existing subsidiaries and their local contacts to expand its activities in this region. Strong growth and further regional expansion, especially in recent years, have moved the Vienna Insurance Group into second position in the market in the CEE region as a whole, and made it the market leader in the non-life business.
42.9% of the total premiums written by the Vienna Insurance Group in 2007 were generated in the CEE region (37.5% in 2006), which is by far the largest percentage compared to its major competitors in the CEE region.
Achieve a strong market position*
The Vienna Insurance Group aims to be no less than one of the three largest insurance groups in each of its core markets in CEE, and has already achieved a position among the top 3 in the following markets: Czech Republic, Slovakia, Romania, Bulgaria, Albania and Georgia. Further continuous expansion of local positions in CEE will take place by means of organic growth and corporate acquisitions.
*All sources and dates for market share and market ranking data are provided in the glossary. Market position (Vienna Insurance Group) - Definition CEE: Bulgaria, Czech Republic, Croatia, Hungary, Poland, Romania and Slovakia
