Wiener Städtische is the largest insurance company in Austria, and offers innovative products providing its customers with modern insurance solutions in the property/casualty, life insurance and health insurance segments. Wiener Städtische is represented by more than 3,000 advisors in around 170 offices throughout Austria. In addition to Austria, Wiener Städtische also operates via branches in Italy and Slovenia.
Wiener Städtische’s product range is characterised by great flexibility. Customers may choose from among a wide variety of core products, which can be supplemented with suitable modules and adapted to individual needs.
The “TOP MED Ambulant” product achieved a notable success in the health insurance area in 2008, gaining 4,500 new customers an increase of 28%. “TOP MED Ambulant” allows customers to receive the best possible personal medical treatment. The insurance covers the costs of conventional medical outpatient treatment, operations performed in a doctor’s surgery, and complementary medical treatment methods.
Donau Versicherung was established in 1867. It is one of Austria’s top 10 insurance companies, and is represented throughout Austria by approximately 60 offices and service centres. Donau Versicherung has also been a capable partner for brokers and non-exclusive agents in Northern Italy since the establishment of its Italian branch office in 2006.
In the area of company pension plans, Donau Versicherung’s flexible, custom-tailored product solutions have made it one of the market leaders in Austria and earned it an outstanding third place in the “AssCompact Award 2008”. Donau Versicherung was the only insurance company that also achieved a position among the top five in the other award categories (occupational disability insurance and motor vehicle insurance).
Donau Versicherung’s new “LebensKasko” product offers basic protection, ensuring coverage of people’s basic needs. In the case of serious injury to health, whether caused by accident or illness, “LebensKasko” provides a monthly annuity payment that helps policyholders to maintain their personal standard of living.
s Versicherung became a part of the Vienna Insurance Group when all of the Erste Group’s insurance operations were acquired in 2008. Since being established in 1985, s Versicherung has steadily developed its position in the life insurance market, currently holding second place in the Austrian market in this segment. s Versicherung has more than 1,000 Erste Group and Sparkasse savings bank branches available to it as a distribution channel. The products offered by s Versicherung comprise all forms of personal and corporate old-age provision that make use of life, casualty and pension insurance.
In 2008, s Versicherung added innovative single-premium products to its product line, increasing its premium volume in this area by 17.7% compared to the year before.
Of particular note is its “s Garantie Concept” product, a single-premium index-linked life insurance policy that s Versicherung was quick to offer in order to satisfy customers’ needs for stability. The single-premium capital guarantee product has a 12-year term and offers a 166.5% capital guarantee and a return of 5.33% (before CGT) based on the net premium amount. The regular premium life insurance business, however, also recorded satisfying growth in 2008. Regular premium products represented approximately 53% of s Versicherung’s total premium volume.
s Versicherung will add more Wiener Städtische non-life products to its product range in the future, with a focus on small and medium-sized businesses and professionals.
