VIG companies in Slovakia

The Slovakian Vienna Insurance Group companies include Kooperativa, Komunálna and PSLSP.

The Vienna Insurance Group market share of 33.6% makes it the largest insurance group in Slovakia. It also holds first place in the life insurance and motor vehicle segments.

In terms of individual companies, Kooperativa is the second largest insurance company in the country, making it the largest Slovakian Group company in Vienna Insurance Group. In 2012, it further expanded its offer to customers to make easy, secure, non-cash payments of premiums at banking terminals of its strategic banking cooperation partner Slovenská sporiteľňá. 60 terminals are now available across the country.

Kooperativa is also an example of the fact that the doors to top management positions are open to women in Vienna Insurance Group. Klaudia Volnerová, for example, Member of the Kooperativa Managing Board, was included in the Forbes Magazine list of the top 20 female managers.

As all other insurance companies in the European Union, Komunálna had to react to the Gender Directive in 2012, which prohibits policies from having different premiums and benefits based on gender. Komunálna took this as an opportunity to further improve its products and widen the range of supplementary products offered. The company also developed several attractive new products, and made it possible to obtain travel insurance quickly and easily online.

PSLSP is one of the top ten life insurance companies in the Slovakian insurance market. Its products continued to be very popular in 2012, including the new life insurance product "Život". This product can be flexibly tailored to a customer's individual level of risk aversion. The policyholder decides on the division between guaranteed capital and unit-linked life insurance offering the opportunity to earn higher profits. In addition, a number of life insurance products were adjusted for online sales in 2012, so that customers could easily perform the entire purchasing process from their homes.