The strengths of the Vienna Insurance Group lie in its rapid, flexible accommodation to local market conditions as well as in its active development of attractive products to satisfy customer needs, which are combined with customer-oriented sales efforts to further expand the Vienna Insurance Group’s market position.
The Vienna Insurance Group believes that it can achieve both the planned strengthening of its leading position in Austria and the further development of its insurance activities in Central and Eastern Europe in spite of the current deterioration of the economic environment. The business model, broadly diversified by country, distribution channel and product, is continuously influenced and shaped by the experience and solid market knowledge of the individual companies of the Vienna Insurance Group. Owing to the process of economic convergence, the CEE region continues to remain a region of dynamic long-term growth, where the Vienna Insurance Group has the knowledge needed to selectively take advantage of opportunities available in the insurance business. Successful implementation of the business model in Austria and the CEE region will enable growth to be achieved both in premiums and, combined with the conservative investment strategy followed by the Vienna Insurance Group, the earnings of the Group.
