The Vienna Insurance Group is planning its entry into the private health insurance segment in the CEE region. The initial steps are planned for the Czech Republic, Slovakia, Poland, Romania and Hungary. Private health care expenditures in the CEE region are currently still far below the level in Western Europe. By contrast, however, the nation-wide availability of suppliers of highly professional medical services has risen rapidly in the CEE region over recent years.
The convergence of private health care expenditures to the Western European level is therefore expected to accelerate. Due to its many years of experience in the area of health insurance and its broadly based distribution network covering the entire CEE region, the Vienna Insurance Group anticipates a large share of the existing market potential.
V.I.G. sold its private hospital interests
The Vienna Insurance Group sold its 25.0% ownership stake in a number of Austrian private hospitals, so as to concentrate more strongly on its core business in the future.