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VIG: Downsizing Business in Italy

Published: September 10, 2013; 17:08 · (Vindobona)

Donau Versicherung, affiliate of VIG, has to make provisions in the amount of € 35m.

VIG: Downsizing Business in Italy / Picture: © Vienna Insurance Group

CEO of Vienna Insurance Group (VIG) Peter Hagen’s call for the need of making provision in the amount of € 35m generated an outcry throughout the branch and claims appeared that the insurance company had wasted the premiums to gloss over the sales’ statistics for vehicles.

In an interview with Austrian daily “Standard”, the CEO announced to diminish the vehicle business…

This article includes a total of 217 words.

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