Network Partner Profile
- Established in 1824.
- A leader in the Austrian insurance business with a market share of 14.00% in 2009.
- Ranked first in the group life and pension market with a share in 2009 of 23,36% and 19,87% respectively.
- Rating: A+ by Standard & Poor’s in 2010.
- Total premium income in 2009 exceeded EUR 2,3 billion.
- 9 provincial offices and around 150 regional offices with a total staff of about 3500 persons.
- Wiener Städtische Versicherung AG, Vienna Insurance Group, is Austria’s largest insurance company. The Vienna Insurance Group is the largest insurance group in Central and Eastern Europe and is active in 24 European countries.
- Member of the Swiss Life Network since 1975.
Special Advantages
- Local dividends are guaranteed for insurance of retirement pensions.
- Dividends are used to increase the insured pensions or the reserves.
- Offers an exclusive advantage of no waiting period for distribution of the first local dividend rather than the obligatory year for employees’ pension insurance fund.
- Provides flexible solutions rather than set tariffs for benefit packages.
- For pension plan reinsurance a longer than normal interval is permitted between the invoice and the due date.
- Pension plan reinsurance is based on tariffs with single and/or annual premiums.
- Loans to policyholders are offered.
- Separate Accounts and Administrative Services Only plans are offered by associated companies.
Coverages and Products
Types of Benefit - Coverage available and poolable:
- Old Age Pension / Lump Sum
- Disability Pension / Lump Sum
- Group Life & Survivors’ Pension
- Endowment
- Accidental Death & Dismemberment
- Medical
Available Financial Products:
- Pooled Investment Funds
- Company–Specific Portfolios
- Actuarial Services
