Read the latest headlines about developments in the international insurance industry in Vienna and Austria
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Vienna International Insurance Industry News

VIG Is Staying on Course in the 1st Quarter of 2011

Group premiums went up by 2.9% to more than € 2.6bn. Profit increased by 7.0% to € 142.8m.

May 17, 2011

Strong Growth rates for BAWAG P.S.K. Insurance

BAWAG P.S.K. Versicherung AG was able to get into the Top-Ten group of Austrian life insurance companies for the first time, due to its growth in 2010.

May 14, 2011

Raiffeisen Insurance Grows

Raiffeisen Versicherung, part of the UNIQA Group achieved increases in almost all divisions, with a total premium volume of € 989m.

May 13, 2011

Moderate Premium Growth for Merkur Versicherung

Record premium increase of 22.7% in the accident insurance division. Continued upward trend in South East Europe: Merkur increases its market share in Bosnia and Herzegovina to 29.3%.

May 4, 2011

Austria's Insurance Industry is Optimistic

The Austrian insurance industry showed premium increases in all sectors in 2010, with premium income rising by 2.0% to € 16,748bn.

May 4, 2011

VIG Re: Significant Improvements in Results

The premium volume of the Czech subsidiary of the Vienna International Group rose by 9.1% to € 280.6m.

May 3, 2011

UNIQA Records Strong Growth in Premiums and Profit in 2010

Premiums up 8.4% in the Group to a total of €6,224 m. Life insurance is the growth driver with an increase of 13.1%

April 29, 2011

Vienna Insurance Group Launches new ADR Programme in the US

The Vienna Insurance Group AG Wiener Versicherung Gruppe is grouping the independent American Depositary Receipt (ADR) programmes.

April 28, 2011

Founding conference of the “CESEE Insurance Supervision Initiative” in Vienna

The “CESEE Insurance Supervision Initiative” is holding its founding conference today and tomorrow in Vienna.

April 16, 2011

Occupational Pension Funds: Deposits in Investment funds +32%

By the end of 2010, the volume of pension rights of the ten occupational pension funds operating in Austria amounted to € 3.56bn, representing an increase of 26% compared with the end of December 2009.

April 12, 2011

Strong Growth in Earnings for Generali Austria

Trhough a slightly above-average growth in premiums and lower claims, the third largest insurance provider in Austria was able to maintain its market position.

April 12, 2011

Coface: Profit of the Group Better than Before the Crisis in 2010

Austria and the CEE surpasses the international trend: increasing sales, decreasing management costs and lower claims ratio improve financial strength.

April 8, 2011

Vienna Insurance Group: Satisfying Results in 2010

Group premiums raised by 7.2 percent to € 8.6bn. Profit (before taxes): clear increase by 15.1 percent to € 507.8 m.

April 1, 2011

Uniqa: Preliminary result 2010 more than €150m

The Management Board of the Austrian insurance group Uniqa proposes dividend of 40 cents per share. Profits were higher than expected.

April 1, 2011

VIG Leaves Russia

The Austrian Vienna Insurance Group accepts the offer to sell its Russian insurance participations.

March 31, 2011

VIG: Supervisory Board Adopts Changes of Group Managing Board

Günter Geyer, 67, will resign as Chairman of the Managing Board of the listed Vienna Insurance Group AG with effect 31 May 2012.

March 31, 2011

Increase in sales for OeKB Versicherung

After the crisis of 2009, the export insurer OeKB Versicherung AG recorded a significant increase in sales last year.

March 26, 2011

Europäische Reiseversicherung AG on Growth Path

Premium income grew by 10.3% to € 56m. With 2.1m insured people, the market leader position has been strengthened.

March 22, 2011

Satisfactory Results for Insurance Industry

According to the FMA report, 2010 was a solid financial year for the Austrian insurance industry.

March 17, 2011

Allianz Austria’s Profits Jump

The result of the German insurance group in Austria was able to increase despite premiums falling by 2.9% to € 53.7m.

March 4, 2011

Upward Trend for CEE Insurance Stocks

CEE insurance stocks to get a boost from rising profits, cheap valuation and stronger investor demand.

February 10, 2011

Vienna Insurance Group Expands in Turkey

Vienna Insurance Group in Turkey: Acquisition of a 10 percent stake in Ray Sigorta is completed.

February 4, 2011

New Record in Premiums for Uniqa

The Austrian insurance company announces apremium increase in group business by 8.4% to € 6.22bn.

January 29, 2011

Vienna Insurance Group Shows 15% Increase in Profits

Significant plus of Group profit for the year (before taxes) by almost 15 percent to about € 505m. Increase of premiums written by 6.1 percent to € 8.7bn.

January 25, 2011

Generali Austria: Optimism for 2011

The Italian insurance company shows itself satisfied with the previous year's results in Austria and looks forward to 2011 with confidence.

January 21, 2011

New CFO for Vienna Insurance Group Slovakia

Vienna Insurance Group in Slovakia: Klaudia Volnerová is appointed Kooperativa's new Chief Financial Officer

January 21, 2011

Life Insurance Continues in Demand

While Austrian private investors have less savings, rights to pensions and life insurances rise.

January 19, 2011

Generali Money Study: What Austrians Will Spend their Money on in 2011

More money will be spent on vacations, housing and sports. Propensity to consume is higher in men.

December 27, 2010

Vienna Insurance Group Expands in Macedonia

Vienna Insurance Group granted life insurance licence in Macedonia. The project will be started with the Austrian bank Erste Group.

December 23, 2010

FMA: Solid Performance of Austrian Pension Funds

The Financial Market Authority (FMA) publishes a report on the Austrian pension funds. The performance is diverse. .

December 17, 2010

Allianz: Austria's Economic Production has Reached Pre-crisis Level in 2011

Strong exports and government stimulus programs enabled growth. Despite public savings constraint, Allianz expects further upward trends.

December 15, 2010

Growth Trends in Austria's Insurance Industry

The FMA report for the 3rd quarter of 2010 indicates a light growth trend for the Austrian insurance industry.

December 15, 2010

Vienna Insurance Group Expands in Albania

The Acquisition of Interalbanian by the biggest Austrian Insurance company is successfully completed.

December 6, 2010

Vienna Insurance Group Takes a 100% Stake in TBIH

VIG now realizes an increased involvement in Turkey, Ukraine and Georgia.

November 26, 2010

Uniqa Records Sharp Rise in Premiums and Profit

Premiums went up by 10.2% to €4,655 m. Life insurance drives growth, with premiums up by 18.7% Profit increases by 142.7% to €103 m.

November 26, 2010

Management Board of UNIQA Versicherungen AG as of 1 July 2011

The Supervisory Board of UNIQA AG decided to expand the Management Board to include Hartwig Löger, Wolfgang Kindl and Kurt Svoboda as of 1 July 2011.

November 23, 2010

Allianz Austria Announces Q1-Q3 2010 Results

With good results for the first nine months, both in the investment and the core business, Allianz could increase the net operating result by 27.3%.

November 18, 2010

Vienna Insurance Group: Robust Rise in Earnings and Profits

Vienna Insurance Group experienced a rise in profits by 10,9 percent. Premiums increased by 7,1 percent to € 6.5 bn.

November 9, 2010

Vienna Insurance Group in Albania

Further growth achieved with the acquisition of Interalbanian.

October 21, 2010

Vienna now has its own Expat Center

In Vienna, the first Expat Center in Austria was opened. The project was handled by the Vienna Business Agency (former WWFF).

September 30, 2010

Austrian Financial Services Discover Immigrants as Customers

Around 1.47 million people living in Austria have a migration background. Therefore, immigrants are an important target group for business. Domestic banks have also been getting into the so-called ethnic banking recently.

September 24, 2010

Vienna Insurance Group - Pre-tax profit forecast of 10 percent expected for 2010 and 2011

During the meeting of the supervisory board of the Vienna Insurance Group AG, the managing board advised that the target increase in pre-tax profit of at least 10 percent for the current business year is to be attained as planned.

September 24, 2010

Uniqa: Boss Klien Will Leave Mid-2011

The Supervisory Board of Uniqa has decided that CEO Konstantin Klien (59) will retire prematurely in mid 2011.

September 22, 2010

Austria's Management and Supervisory Boards’ Salaries on the Test Bench

The partly state-run OMV had the most expensive board of all Austrian corporations in 2009. In total, the oil company spent 10.2 million euro on its bosses, 23.4% more than the previous year.

September 20, 2010

FMA publishes Q2 report on insurance industry

After getting off to a strong start in 2010, Austria's insurance industry has enjoyed a solid second quarter. Premium revenues grew in all balance sheet groups.

September 15, 2010

Allianz Austria registers profits

Allianz Austria has improved its half year results by around 45 per cent, which amounts to pre-crisis levels.

August 25, 2010

VIG registers higher semi annual profit

The Vienna Insurance Group (VIG) earned €209.8m ($266) in the first half of 2010, which is over ten percent more than a year ago. While more premiums were taken up, paid benefits decreased.

August 20, 2010

Vienna Insurance Group: increase the proportion of TBIH to 100 percent

After taking the lead in the TBIH Financial Services Group NV (TBIH), the Vienna Insurance Group agreed with Kardan Financial Services BV to acquire its minority stake of 40 percent.

July 23, 2010

Hypo SüdLeasing Ltd. - Change in Executive Team

The position of the Managing Director was assigned to Maria Klimke as of 01/06/2010. She succeeds Ms. Nora Frischherz who left the company on 31.05.2010.

June 23, 2010

Uniqa - First quarter with more profit and premium income

The listed company Uniqa insurance managed to increase first quarter profit and premium income.

May 28, 2010
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