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Sunday, April 20, 2014
News Making Money

VIG continues to expand its market leadership in its largest CEE market

13/02/2014 17:03 (65 Day 07:32 minutes ago)

The FINANCIAL -- Vienna Insurance Group continued on its successful path in the Czech Republic also in 2013. Strengthening its number one position by increasing its market share to excellent 33.1 percent, the Group further widened the gap to its competitors, according to Vienna Insurance Group.


Last year, the Group companies Kooperativa, Česká podnikatelská pojišťovna (ČPP) and Pojišťovna České spořitelny (PČS) grew their premiums to almost 50 billion Czech koruna*. This represents an outstanding plus of 3.3 percent, while the market grew by one percent. Contributing about 20 percent to the total Group premiums last year, the core market Czech Republic is the largest CEE market of Vienna Insurance Group.

The development of the life insurance business has been particularly favourable: the premiums of the Group companies rose by remarkable 7.5 percent, while the overall market faced a downturn. The success was especially due to the excellent cooperation with the Czech Erste Group subsidiary Česká spořitelna.

“We are highly pleased about the strong performance of VIG in the Czech Republic. The Group continued to expand its market leadership and increased premiums significantly above the market average. VIG manages to be successful in this important CEE market even against the background of an economically challenging environment,” said Peter Hagen, CEO of Vienna Insurance Group.



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Parliament issues strong call for EU lobby transparency register to become mandatory

16/04/2014 16:53 (3 Day 07:42 minutes ago)

The FINANCIAL -- The report approved by MEPs gives an important signal to the European Commission that a far more ambitious approach is needed to secure genuine lobby transparency in the EU, according to EUbusiness Ltd.



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19/04/2014 13:40 (10:55 minutes ago)

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