In spite of its sale of the Unita insurance company, the Vienna Insurance Group considerably strengthened its market leadership in Romania through organic growth and through acquisition of the SC BCR Asigurari de Viata Vienna Insurance Group S.A.1 and SC BCR Asigurari Vienna Insurance Group S.A.1, raising its market share to 30.6%. In motor vehicle insurance, the Group held the clear No. 1 position, with a market share of 35.4%. In addition, its acquisition of BCR Life made the Vienna Insurance Group one of the top 3 life insurers in the country.
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.
