General Manager Martin Diviš at the award ceremony for the best non-life insurance company (photo)

General Manager Martin Diviš at the award ceremony for the best non-life insurance company

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.

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VIG Group companies in the Czech Republic:


Market data: 1st–4th quarter 2013

Short name:




VIG member since:




Insurance lines of business:

Life and Non-life

Life and Non-life

Life and Non-life

Number of employees:




Market position*:

2nd place

8th place

2nd place (Life)

Market share*:



14.8% (Life)

Overview of awards received

  • Kooperativa received 2nd place in the overall ranking for the best Czech companies in the renowned “ČESKÝCH 100 NEJLEPŠÍCH” (Czech Top 100) competition and 1st place in the financial sector category
  • Kooperativa was named best non-life insurer in the Czech Republic and second-best in the “Most Customer-Friendly Non-Life Insurance Company” category by the renowned daily newspaper “Hospodárské noviny”
  • “Zlatá Koruna” (“Golden Crown” in English) awarded to Kooperativa’s “TREND” business insurance policy and PČS’s “Flexi” life insurance
  • ČPP received 1st place and Kooperativa 2nd place in the motor vehicle insurance category of the sector ranking by the consulting company Fincentrum; PČS received 1st place in this ranking for the life insurance category
  • Kooperativa achieved 7th place in the overall ranking of “the 100 most admired companies in the Czech Republic”