Other CEE

Albania

In Albania, the Vienna Insurance Group held an excellent third place with a market share of 14.3%. In motor vehicle insurance, Vienna Insurance Group is number 2, with a market share of 16.9%.

The Baltic states

The Vienna Insurance Group is represented by the Seesam life insurance company in the Baltic states, holding a leading position in life insurance in all three countries.

Bulgaria

In Bulgaria, the Vienna Insurance Group achieved a market share of 17.9%, thus making it the clear market leader. Market share in the motor vehicle insurance business rose to 18.9% at the end of the period, putting the Group in first place in the market.

Georgia

The Georgian companies of the Vienna Insurance Group, GPIH and IRAO, together hold a market share of 32.2%, giving them an outstanding first place in the market.

Croatia

The Vienna Insurance Group’s market share of 8.4% in Croatia put it in fourth place in the market. The Group’s acquisition of Erste osiguranje Vienna Insurance Group d.d.¹ gave it a market share of 16.2%, moving it up into second place in the life insurance market.

Serbia

In Serbia, the Vienna Insurance Group raised its market share to 8.0% at the end of the period, putting it in fourth place in the market. With a market share of 26.8% in the life insurance segment, our Serbian company already covers almost a third of the market.

Ukraine

The Group’s purchase of UIG in 2007, and strong premium growth in its other previously acquired companies, moved the Vienna Insurance Group into the Top 3 in the Ukrainian insurance market.

Hungary

The Vienna Insurance Group’s acquisition of Erste Vienna Insurance Group Biztosító Zrt.¹ and organic growth improved its market position in Hungary. With a market share of 4.1%, the Group now holds eighth place in the market. In life insurance, the Group has moved up to become one of the Top 10 companies in the market.

¹ New company name subject to approval by the appropriate executive bodies of the Company and registration of the amendment to the articles of association by the local authorities.