Well positioned is half the battle.

VIG markets have potential for the future

Success 25 times over. Thanks to its internationalisation strategy, Vienna Insurance Group is a reliable partner for its customers in 25 countries.

When you take a trip, there is much to tell. Especially if you travel to all 25 countries where VIG operates. Europe has changed dramatically – politically, economically and socially – since 1990, when the first CEE market was entered in former Czechoslovakia. VIG also changed dramatically in the past 25 years, growing into a corporate group of international scale. It’s position today is clearly shown by a breakdown of premiums written. While EUR 500 million, or approximately 20%, of Group premiums were generated outside of Austria in 2000, the percentage today is greater than 50%. But it is not just the percentage that has changed, the magnitude has also increased greatly. The EUR 500 million in premiums that were generated outside of Austria have now become EUR 5 billion – in just ten years.

VIG growth potential

In spite of the catch-up process that has taken place to date, VIG markets still have considerable growth potential, as can be seen by comparing annual per capita insurance premiums (= insurance density) in the map above. VIG’s strong position – an overall market share of 19% makes it the clear number 1 in its core markets – will also enable it to take advantage of this potential.