V.I.G. companies in the Czech Republic

Kooperativa is the largest Vienna Insurance Group subsidiary outside of Austria, and offers a full range of products in both the life and non-life insurance sectors. More than 3,800 employees provide service to more than 2 million customers. Kooperativa has a market share of more than 22%, making it the second-largest insurance company in the Czech Republic, and is a market leader in the industrial and corporate insurance sector.

Kooperativa was selected as “Insurance Company of the Year” in both 2009 and the previous year. The company’s broad, diversified product portfolio and its efficient country-wide distribution network were the determining factors in the jury’s decision. Kooperativa also received awards in two other categories in the Czech Republic, a silver prize in the “Most Dynamic Insurance Company of the Year” category and bronze in the “Life Insurance Company of 2009” category for its product “Perspektiva 6 BN”.

Kooperativa is starting a new business initiative in the Czech Republic by introducing private health insurance. As an innovative supplier of insurance services, the Vienna Insurance Group was early to recognise the great interest its customers had in private health insurance and brings a new focus into the Czech insurance market by its quick introduction of an attractive range of products.

ČPP has around 310 offices, more than 900 employees and more than one million customers, making it the seventh largest insurance company in the Czech Republic. ČPP operates in both the life and non-life sectors, with a focus on the motor liability insurance segment. With more than 900,000 vehicles insured, ČPP is one of the top 3 insurers in this market segment. The company’s outstanding growth was also honoured in 2009 by an excellent 3rd place award in the “Most Dynamic Insurance Company” category.

PČS has been a part of the Vienna Insurance Group family since 2008. It began operating in the Czech insurance market in 1992, and is now the third largest life insurance company in the Czech Republic. PČS’s main distribution channel is České sporiteľňa, whose more than 5 million customers and around 650 branches make it one of the leading banks in the Czech Republic.

PČS operates as a composite insurer in the Czech insurance market, with a focus on the life insurance sector. Its “Flexi” life insurance product once again beat out the competition to win first place in the “Life Insurance Product of the Year” category in 2009. The product is a combination of a life insurance policy and a savings product, making it particularly attractive and providing the flexibility that ensures that customer needs can be satisfied. The customer has the option of choosing one of three investment strategies based on the market trend and personal preferences, and assembling his or her own portfolio.