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Vienna Insurance Group:
Ten years of success in Central and Eastern Europe
"The future is based on strong foundations"
Ten years of success in Central and Eastern Europe
No. 28/2011
23 November 2011
Vienna Insurance Group:"The future is based on strong foundations"
Ten years of success in Central and Eastern Europe
The Board of the Vienna Insurance Group AG Wiener Versicherung Gruppe invited numerous guests from the worlds of politics and business, as well as business partners, major clients and the media, to an event at the Vienna Hofburg to mark the occasion of next year's planned change to the Group's Management Board.
"The future is based on strong foundations" – this was the motto used in the presentation on the fascinating development of Wiener Städtische from a leading Austrian insurer to the Vienna Insurance Group, the leading insurance group in Central and Eastern Europe.
Ten years of successful expansion in Central and Eastern Europe In the last ten years, the Vienna Insurance Group has engaged in significant expansion measures.
Since 2000, the volume of premiums has tripled from around EUR 2.6 billion to a total of EUR 8.6 billion. The profit (before taxes) is 25 times higher, having increased from EUR 20 million to EUR 508 million at the last count. Similarly, the number of employees in the 25 countries where the Group now operates has grown from more than 10,000 to a total of around 25,000. These impressive figures clearly illustrate the Vienna Insurance Group's successful expansion strategy. The Group's equity capitalisation also increased significantly from EUR 500 million to EUR 5 billion today.
Focus on continuity – the future Management Board team At the same time, CEO Günter Geyer introduced the future Management Board team which, under the leadership of Peter Hagen, will manage the Group from 1 June 2012. This strategic direction will ensure the Vienna Insurance Group's further continued development to meet the challenges of the future.
Prominent guests at the event
Günter Geyer and Peter Hagen welcomed the numerous invited guests of honour. In particular the President of Austria Heinz Fischer and his wife Margit Fischer, Federal Minister Doris Bures, State Secretary Josef Ostermayer, the city councilman Michael Ludwig as well as members of
the Vienna Regional Government.
(You can download the press release VIG)
"The future is based on strong foundations" – this was the motto used in the presentation on the fascinating development of Wiener Städtische from a leading Austrian insurer to the Vienna Insurance Group, the leading insurance group in Central and Eastern Europe.
Ten years of successful expansion in Central and Eastern Europe In the last ten years, the Vienna Insurance Group has engaged in significant expansion measures.
Since 2000, the volume of premiums has tripled from around EUR 2.6 billion to a total of EUR 8.6 billion. The profit (before taxes) is 25 times higher, having increased from EUR 20 million to EUR 508 million at the last count. Similarly, the number of employees in the 25 countries where the Group now operates has grown from more than 10,000 to a total of around 25,000. These impressive figures clearly illustrate the Vienna Insurance Group's successful expansion strategy. The Group's equity capitalisation also increased significantly from EUR 500 million to EUR 5 billion today.
Focus on continuity – the future Management Board team At the same time, CEO Günter Geyer introduced the future Management Board team which, under the leadership of Peter Hagen, will manage the Group from 1 June 2012. This strategic direction will ensure the Vienna Insurance Group's further continued development to meet the challenges of the future.
Prominent guests at the event
Günter Geyer and Peter Hagen welcomed the numerous invited guests of honour. In particular the President of Austria Heinz Fischer and his wife Margit Fischer, Federal Minister Doris Bures, State Secretary Josef Ostermayer, the city councilman Michael Ludwig as well as members of
the Vienna Regional Government.
(You can download the press release VIG)
