Structure
With its internationalisation strategy in the CEE economic region, Vienna Insurance Group made the transition from a national insurance company to an international insurance group with more than 50 insurance companies in 25 countries. In total, about 50% of all group premiums already come from the Central and Eastern European markets.
Vienna Insurance Group is active in Austria, Albania, Bulgaria, Germany, Estonia, Georgia, Croatia, Latvia, Liechtenstein, Lithuania, Macedonia, Montenegro, Poland, Romania, Serbia, Slovakia, Czech Republic, Turkey, Hungary, Ukraine, Belarus and Bosnia and Herzegovina through interests it holds in insurance companies. The Group also has branch offices in Italy and Slovenia.
| Market | Group Company | Market Entry |
|---|---|---|
| Austria | Wiener Städtische; Donau Versicherung; Sparkassen Versicherung | 1824 |
| Germany | InterRisk Versicherung | 1990 |
| Liechtenstein | Vienna Life | 1999 |
| Italy | Wiener Städtische (branch) | 1999 |
| Slovenia | Wiener Städtische zavarovalnica (branch) | 2004 |
| Poland | Compensa; BENEFIA; InterRisk; PZM; Polisa | 1998 |
| Czech Republic | Kooperativa; ČPP; PČS; VIG Re | 1990 |
| Slovakia | Kooperativa; Komunalna; PSS | 1990 |
| Croatia | Kvarner osiguranje; Helios osiguranje; Erste osiguranje | 1999 |
| Serbia | Wiener Städtische osiguranje | 2002 |
| Montenegro | Wiener Städtische Podgorica | 2010 |
| Macedonia | Winner | 2007 |
| Albania | Sigma; Intersig; Interalbanian | 2007 |
| Hungary | Union Biztosító; Erste Biztosító | 1996 |
| Bulgaria | Bulgarski Imoti; Bulstrad | 2002 |
| Romania | Omniasig; Asirom; BCR Life | 2001 |
| Ukraine | Jupiter; Kniazha; Globus; UIG | 2004 |
| Russia | MSK-Life | 2005 |
| Belarus | Kupala | 2002 |
| Turkey | Ray Sigorta | 2007 |
| Georgia | IRAO; GPIH | 2006 |
| Estonia, Latvia, Lithuania | Compensa Life | 2008 |
| Bosnia and Herzegovina | Jahorina | 2011 |
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“Vashtar: So it’s finished. A structure to house one man and the greatest treasure of all time.
Senta: And a structure that will last for all time.
Vashtar: Only history will tell that.
Senta: Sire, will he not be remembered?
Vashtar: Yes, he’ll be remembered. The pyramid’ll keep his memory alive. In that he built better than he knew.”
—William Faulkner (1897–1962)
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—Friedrich Nietzsche (1844–1900)
“When a house is tottering to its fall,
The strain lies heaviest on the weakest part,
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—Ovid (Publius Ovidius Naso)