Success for VIG Group Companies in the Czech Republic

Czech Group companies of Vienna Insurance Group have earned first place in three out of four categories in the “Insurance” sector in this year’s industry competition run by financial advisory service provider Fincentrum. Česká podnikatelská pojišťovna (ČPP) dominated the category of “Motor Insurance”, taking first place, while second place went to Kooperativa. Pojišťovna České spořitelny (PČS), which distributes its products through the Czech subsidiary of Erste Group and is also part of the Group, climbed to top spot in the “Life Insurance” category
In addition, Martin Diviš, General Manager of Kooperativa, was named “Insurance Manager of the Year.” He has worked for Kooperativa since 1995 and was appointed General Manager in 2008. Martin Diviš is also a Deputy Member of the Vienna Insurance Group’s Managing Board and, since 2013, President of the Czech Insurance Association.

“My congratulations to our Czech colleagues for these remarkable achievements! The award for Martin Diviš shows that we have an outstanding management team in the Czech Republic that is also recognised outside the industry. First place in the product evaluations also underlines the fact that we are close to our customers and offer the best range of products in important segments,” says Peter Hagen, CEO of Vienna Insurance Group.
Market leader in the Czech Republic
Vienna Insurance Group has been active in its core market Czech Republic since1990. Together with Its Group companies Kooperativa, ČPP and PČS earned premiums of around EUR 900 million and a profit before taxes of around EUR 90 million in the first six months of 2013. With a market share of around 33 percent in the first half of 2013, Vienna Insurance Group is the number 1 in the Czech Republic by some distance.