Highlights from the Czech Republic

The Czech Republic has particular significance in VIG’s portfolio, as the former country of Czechoslovakia was the first CEE market that VIG entered, by means of an interest in the newly formed Kooperativa in Bratislava in 1990. In addition to the Czech company Kooperativa, ČPP has also been part of VIG’s portfolio of Czech Group companies since 2005 and PČS since 2008.

These three Group companies give VIG a total market share of 33.1% in the Czech insurance market. This not only makes it the overall market leader, but also puts it in first place when the life insurance market is considered on its own. Although VIG RE, the Group-owned reinsurance company, is also based in the Czech Republic, it is assigned to the “Central Functions” segment. more

Five years of strategic partnership with Erste Group

More than five years have passed since VIG and Erste Group entered into a strategic cooperation in autumn 2008 for Austria and their common markets in Central and Eastern Europe. Since that time, the dense network of Erste Group branches has distributed VIG insurance products and, in return, VIG companies have offered Erste Group bank products. The great success that has been achieved in partnership since then was reason enough to celebrate the anniversary with a gala event held in November 2013 in Prague. The results that could be presented there were impressive: in the course of the successful cooperation, around 360,000 new customers have been jointly gained for Česká spořitelna, the Erste Group subsidiary in the Czech Republic, while over 200,000 supplementary pension policies and more than 160,000 home loan and savings agreements were concluded, to mention just a few examples.