Central and Eastern Europe offer the insurance industry significant opportunities for long-term growth. This is the reason that inspired the Vienna Insurance Group to be the first to enter into this region around 20 years ago. The business potential of the CEE region is primarily based on two factors:
- the insurance density (per capita premium payments) in CEE is considerably below the Western European level, and
- the insurance markets of Central and Eastern Europe show growth rates that are above those in Western Europe, even during volatile periods.
Compare to 2008