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VIG grows by 2% in the CEE markets


In the CEE markets, the VIENNA Insurance Group companies reported premiums written in property/casualty insurance of a total of EUR 1.4 bn., representing a 2 percent increase, while in the life insurance segment it registered a substantial growth of 16.1 percent, increasing premiums written to EUR 728.4 million.


The most important results for the group in the CEE region were registered in the Czech Repulic, Slovakia and Poland. In the Czech Republic, VIENNA Insurance Group increased premiums written to a total of EUR 869.3 million. This corresponds to a plus of 11.9 percent. In the non-life insurance segment, premiums written amounted to EUR 519.3 million, going up by 2.3 percent.

In Slovakia, the group reported a total of premiums written of EUR 326.3 million (plus 0.6 percent), while in Poland the total written premiums increased by 31.8 percent to EUR 346.5 million in the first half of the current year. At the same time, the Romanian Group companies achieved premiums written of a total of EUR 274.0 million (minus 12.5 percent).

In other CEE markets (Albania, Bulgaria, Croatia, Macedonia, Serbia, Turkey, Ukraine, Hungary as well as the three Baltic states) premiums written totaled EUR 289.8 million, of which EUR 194.5 million were attributable to non-life insurance.


Author: Mihai CRACEA on 26.08.2010




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