MANAGEMENT PRINCIPLES
VIG has defined four management principles that support achieving the Group's strategy and goals and differentiate the Group from international competition.
VIG’s decentralised organisational structure gives local management and employees the flexibility needed for their business operations. In the end, they know best about the needs of the local population and the specifics of their markets. This allows products and sales to be adjusted optimally to local circumstances. VIG Holding is responsible for steering the Group.
VIG relies on regionally established brands. With more than 50 insurance companies and pension funds in its 30 markets, it can address different target groups directly and personally. At the same time, this strengthens the regional identity and binds customers and employees more closely to the company. In addition to the local brand name, "Vienna Insurance Group" as a family name conveys the internationality and strength of the Group.
In order to best meet the individual advisory preferences of its customers, the more than 50 insurance companies and pension funds rely on their own field staff, on brokers and agents and on structured, direct and digital sales. Bancassurance is also very important. The cooperation agreement with Erste Group, which is also firmly established in the CEE region, has existed since 2008.
The consolidated VIG companies are responsible for high capital investments. Security and sustainability are the focus of the investment strategy, which is why investments are predominantly made in bonds. Diligence also guides the reinsurance policy: To obtain the optimal risk balance, risks are bundled at the Group level and partially placed on the international reinsurance market.
