For us, there is only one Erste
VIG and Erste Group – two leading financial service providers firmly established in Central and Eastern Europe. But there is much more that unites the two. Two major steps were taken in 2008 to establish a long-term partnership going beyond the core business of each company: First, VIG purchased all insurance activities of Erste Group and, second, an agreement was reached regarding cooperation.
The 15-year agreement between VIG and Erste Group, which is being continuously expanded, contains a commitment by both parties to offer each other's products through their own sales networks. Specifically, this means that the companies of Erste Group market insurance solutions of the Vienna Insurance Group, and VIG in turn offers a select number of Erste Group's banking products to its own customers.
The increased access to sales at bank teller windows has enabled the Vienna Insurance Group to significantly expand its life insurance business in Austria and the CEE region. The s Versicherung companies are experiencing excellent development. In many countries, VIG is today one of the most important providers of life insurance products.