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Vienna International Insurance Industry News
Read the latest headlines about developments in the international insurance industry in Vienna and Austria
Czech Republic: Raiffeisen Withdraws from Pension Insurance Business
Pension insurance company Raiffeisen penzijni spolecnost will terminate business activities on the Czech market for private pension schemes, as announced by the company in a press release.
March 4, 2014
Poland: PKO BP Takes over Nordea’s Insurance Division
Polish financial market regulator KNF has finally approved the takeover of life insurance company Nordea TUnZ by PKO BP.
February 27, 2014
VIG Third Biggest Insurance Company in Poland
Vienna Insurance Group records strong performance in Poland.
February 27, 2014
VIG Generates Profits in Poland
Vienna Insurance Group Polska (VIG) generated a gross profit of PLN 229m last year.
February 25, 2014
Polish Insurer PZU Closes Offices in Ukraine
Because of the ongoing riots in the Ukrainian capital Kiev, state-controlled insurance company PZU decided to shut down two offices.
February 20, 2014
Austrians Prefer Real Estates as Safe Investment Form
Around two third of Austrian investors prefer safe form of investment like real estates and properties.
February 14, 2014
Austria: Economic Growth Accelerates
In the fourth quarter in 2013 GDP increased by 0.3 percent compared to the previous quarter and by 0.9 percent year-on-year.
February 14, 2014
Poland: Sharp Decline in Insurance Prices
Insurance policy prices dropped almost 30 percent last year.
February 11, 2014
Vienna Insurance Group Shines in the Czech Republic
VIG continues to expand its market leadership in its largest CEE market.
February 11, 2014
Vienna Insurance Group Enters New Market
Acquisition of the Moldovan insurer Donaris.
January 31, 2014
Uniqa Kosovo Grows Twice as Quickly as Market
Premium volume up 22.9 per cent in the first nine months of 2013. Non-life grows twice as quickly as the market
January 30, 2014
VIG to Do Up Romanian Division
Difficulties in Romania and Italy for Vienna Insurance Group (VIG) lead to a massive decline in profits.
January 29, 2014
Uniqa Montenegro Increases Market Share
Market share expands to 14.6 per cent. Non-life premium volume increases to 6.7 million euros.
January 28, 2014
London Roadshow with Austrian Companies
Austrian Companies with Erste Group and the Vienna Stock Exchange on Road Show to London
January 27, 2014
CEE: Insolvencies Declining But Larger Effect
The number of insolvencies in Central and Eastern Europe (CEE) is declining. However, the individual insolvencies are becoming larger, as reported by French credit insurer Coface.
January 23, 2014
Insurance Industry Faces Growing Risks
According to the U.S. rating agency Fitch, insurers in Europe have to accept riskier investments. Ratings may deteriorate, Fitch warned.
January 22, 2014
Uniqa Growing Faster Than Czech Insurance Market
Insurance group Uniqa reveals a significant increase in premiums in the first three quarter in 2013. Moreover, Uniqa showed an increase of CZK 3.3bn in the sector non-life insurance and CZK 877m in life insurances.
January 22, 2014
Uniqa Serbia Continues to Grow
Market share increases to 7.3 per cent in third quarter of 2013. Premium volume for life insurance up 18.5 per cent.
January 20, 2014
Austria: VIG to Sell Stakes in Porr
Listed Vienna Insurance Grop (VIG) downsizes its stake in Austrian construction company Porr, which is also listed at the Vienna Stock Exchange.
January 9, 2014
Austria: FMA to Activate Whistleblower Hotline
At the beginning of this year the Financial Market Authority (FMA) in Austria has activated a “whistleblower hotline” for bank insiders to report about potential abuses.
January 3, 2014
Poland: Little Trust in Insurance Companies
According to a survey, Polish citizens lack in trust in insurance companies.
January 3, 2014
New CEO at BCR Asigurari de Viata
Sorin Mititelu was appointed as new CEO of Romanian BCR Asigurari de Viata.
December 21, 2013
Poland: PZU Places Binding Offer for Croatia Osiguranje
Polish insurance company PZU places a binding offer for Croatia Osiguranje (CO).
December 17, 2013
CA Immo Closes Sale of Hesse Portfolio
The closing of the sales transaction is completed.
December 6, 2013
Vienna Insurance Group Awarded in Bulgaria
Awards for the Group companies Bulstrad and Bulstrad Life.
December 5, 2013
Austrian Insurance Companies to Grant Credits
The Financial Market Authority has given green light to Austrian insurance companies for handing out loans. Insurers hope for an improvement in investment income.
December 4, 2013
Uniqa on Successful Growth Path in Bosnia and Herzegovina
Provisions increased by 15.2 percent in the first three quarters of the year and generated the second-highest growth rate. Moreover, the market share was extended to 12.2 percent.
December 3, 2013
VIG: „We Will Clean Up Merciless“
Yesterday, the Austrian insurance group VIG (Vienna Insurance Group) published surprisingly bad results. In Italy and Romania, VIG has a lot of work to do.
November 28, 2013
Vienna Insurance Group: Net Income to Fall
The biggest Austrian insurance group is anticipated to post lower profits.
November 27, 2013
Poland: PZU Surpasses Results in 3Q
With results increasing by almost 65 percent on a quarterly basis, Poland’s biggest insurer has exceeded all expectations.
November 15, 2013
Success for VIG Group Companies in the Czech Republic
Martin Diviš named “Insurance Manager of the Year”.
November 14, 2013
VIG: Expansion Plans in Baltic States
According to a report by “Wirtschaftsblatt”, the Vienna Insurance Group (VIG) plans to expand business activity in the Baltic States. From 2014 on, the Austrian insurance company will start conquering the Estonian insurance market.
November 8, 2013
Life Insurance Industry Under Pressure
For the insurance industry, life insurance products become less and less profitable.
October 24, 2013
Austria: Saving Grows Decently
At the end of June, total savings reached € 490bn. In real terms, total savings shrink. Lending remains stable.
October 22, 2013
Uniqa to Aquire Western Balkan Insurance Companies
Listed insurance company Uniqa will take over Croatian and Serbian affiliates of Swiss insurance group Baloise (Basler) to strengthen its market position in the Western Balkan states.
October 22, 2013
Slovakia: New Burden for Insurance Industry
The Slovak government extends special taxes for companies operating regulated sectors. The bank tax will be abolished in the course of the next years.
October 21, 2013
„CESEE Is Not the Devil Anymore“
Regarding the development of the CESEE equity market, Birgit Kuras, CEO of Vienna Stock Exchange (VSE) demonstrates optimism.
October 14, 2013
Croatia: Not Plans of Privatizing State-Owned Companies
Croatian government denies it planned to privatize 28 large state-owned companies.
October 14, 2013
Uniqa: Re-IPO Successful
The second-biggest Austrian insurance group goes public again. According to insiders, the order books are closed.
October 9, 2013
FriedlResearch has Published the Q3-2013 Company Report of Erste Group Bank AG
This report contains in depth information and data about Erste Group and its operations and markets. It contains a company overview, business and strategy description, financial ratios, valuation & forecast data, SWOT analysis, plus data on key events.
October 8, 2013
Austrian Insurance Industry Records Positive Results
In the first half of 2013, the Austrian insurance sector registered an increasing premium income. Operating income was up substantially.
October 8, 2013
VIG to Issue Subordinated Bond
Vienna Insurance Group successfully launched a subordinated bond.
October 2, 2013
Bulgaria: Major Decrease of Insurance Business
The insurance industry saw a strong decrease of business of 13 percent in only four years.
October 2, 2013
Uniqa´s Re-IPO: Focus on CESEE
The Austrian insurance group plans a capital increase of € 750m. Uniqa´s CEO Andreas Brandstetter underlines the growth story in Central, Eastern and Southeastern Europe.
September 24, 2013
Poland Leads Ranking of Top Enterprises in CEE
Credit insurance company Coface has for the fifth time published a study about the Top 500 enterprises in Central and Eastern Europe.
September 24, 2013
Uniqa Starts Major Capital Increase
The second-biggest Austrian insurance group resolves on capital increase and announces price range. Proceeds will reach about € 750m.
September 23, 2013
Vienna Insurance Group Evaluates Bond Issuance
In view of the current interesting environment for corporate bonds, management of VIG considers a subordinated bond transaction.
September 23, 2013
Romania: Austrian Investors Demand Transparency
In an interview with Business Review Romania, Rudolf Lukavsky, commercial counselor for Romania and Moldova at the Austrian Embassy described the downsides and advantages of the economic environment in the country.
September 17, 2013
VIG: Downsizing Business in Italy
Donau Versicherung, affiliate of VIG, has to make provisions in the amount of € 35m.
September 10, 2013
€ 800m for Uniqa´s Re-IPO
The second-biggest Austrian insurance group plans has ambitious growth plans. The capital increase will bring a substantial change in Uniqa´s shareholder structure.
September 9, 2013
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