Measures put in place to promote women to the managing board, supervisory board and management positions

Female supervisory board members

Women hold around 10% of the positions in Vienna Insurance Group supervisory boards across Europe, 16% in the Austrian insurance companies and 30% in VIG Holding (as of 31.12.2014).

Female managing board members

Women hold around 20% of the positions on the managing boards of Vienna Insurance Group companies and around 10% of the managing board chairs are women.

For comparison, women held 8.5% of the managing board positions in the 60 largest German insurance companies in 2014, and 1.7% of the managing board chair positions in these companies.

Women in management positions

Including distribution, women hold around 40% of the management positions at the level directly below the managing board in VIG insurance companies across Europe (not including distribution: around 45%).

Removing barriers to women’s careers is one of the key elements of the personnel strategy at Vienna Insurance Group. In addition to implementing this principle in, for example, management development efforts are being made to give visibility to ambitious women at all levels, for example, by sending more women to external conferences, platforms, etc. as representatives of the Company.

VIG makes a point of taking part in events like "Fairversity" – a career fair with emphasis on diversity, which focused on "women" as its last topic: in a workshop titled "Insurance, no thanks?! - Inspired and inspiring women at VIG", top VIG managers and experts from Austria and the CEE region presented possible career paths for women at VIG.