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Insurance Industry
Uniqa: Solid Results despite Devaluation of Greek Bonds
Net profit of the Austrian insurance company increased by 6.8% to € 53m. Recurring premiums grew 5.3% in the first six months of the year.
August 29, 2011
Vienna Insurance Group Expands Involvement in Albania
With the acquisition of a 75% stake in Intersig, the Austrian insurance company raises its market share in Albania to 30%.
August 24, 2011
Sustainable Increase in Earnings for VIG
The Austrian insurance company recorded profit before taxes of € 282.2m, up 10.4% in the first half of the year.
August 18, 2011
Forecast on Savings and Loans Trends: Austrians Invest € 5,670 on Average
Savings passbooks remained the most popular form of saving in Austria. The average loan volume dropped from € 70,200 to € 62,000.
August 17, 2011
Hypo Alpe Adria Sells Stake in Hypo Insurance
All of the Austrian bank’s 20% stake will be taken over by majority owner Grawe insurance.
August 4, 2011
VIG: Trouble at Romanian Subsidiary
The Austrian insurance group has reportedly lost millions due to illegal actions at one of its Romanian subsidiaries. Company representatives denied any misconduct.
July 27, 2011
Pension Funds with Negative Performance in 2011
At the end of June, the funds registered a minus of 1.2%, after -0.7% in the first quarter. Assets under management amount to € 15bn.
July 13, 2011
VIG Interested in Acquisition of Polish Warta Insurance
The Austrian insurance company might strengthen its position in the Polish market with the acquisition of a local company.
July 4, 2011
Uniqa Sold Stake in Romanian Company
The Austrian insurance group sold its 27% holding in Astra for € 25m to the Nova Group.
June 27, 2011
International Business Important for Austrian Insurers
The Austrian insurance companies recorded moderate growth in the first quarter of the year. More than 50% of their premium income comes from their international business.
June 21, 2011
Standard & Poor's Confirm 'A' Rating for Uniqa Group
The Austrian insurance group’s rating was confirmed. Free float will be raised to 49% in the course of a capital increase.
June 3, 2011
Uniqa Records Premium Growth in All Regions and Segments
The Austrian insurance group increased its IFRS premiums written by 3.0% to € 1.8bn in the first quarter of 2011. The group profit grew by 17.2% to € 27m.
May 25, 2011
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
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
Profit Decline at Zürich Austria
The Swiss insurance group Zürich Versicherung managed to increase its premiums, but the results decreased.
April 8, 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
Austrians are among the European Leaders in Pension Duration
Austrians currently spend an average of over 23 years in retirement; this is about twice as long as in 1970. Austria ranks second in Europe in this respect.
March 31, 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
Yield of Austrian pension funds: 6.5%
FMA report on the 4th Quarter 2010 of the Austrian pension funds: more assets under management, widely scattered performance.
March 18, 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
Company Pension Funds Tend to Investment Funds
Investing in investment funds is a growing trend for company pension funds (betriebliche Vorsorgekassen), increasing by 32% in 2010. The volume of corporate pension funds increased by 26%.
March 11, 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
Austria's Insurance Industry Is on the Rise
In spite of still felt repercussions of the economic crisis, the Austrian insurance industry shows positive results in all divisions.
February 24, 2011
Saving in Austria Still Popular
Erste Bank’s forecast on savings and credit trends: Austrians plan to set aside approximately € 5,460 in 2011.
February 22, 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
Austria Savers Remain Cautious
For 67% of Austrian savers, savings’ security is a priority. High yields only plays a role for about 10% .
February 5, 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
Austria's Pension Funds: 6.61% yield in 2010
Austria's pension funds generated an income of around € 800m in 2010. The annual performance is above the long-term average.
January 27, 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
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