Generali SpA

    PREMISES & GLOBAL SERVICES

    Generali Austria, CEE & Russia

    The Generali Austria, CEE & Russia Regional Office in Prague is responsible for twelve markets: Austria, Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Poland, Romania, Russia, Serbia, Slovakia and Slovenia. As of 1 January 2018 the Regional Office extended its responsibilities to Austria.

    Figures as at December 31, 2016
    (Austria and Russia not included)

    CEE

    KEY EVENTS IN THE AUSTRIA, CEE & RUSSIA REGION

    1989
    Launch of the expansion programme in the region
    2015
    Generali takes full control of the 2008 established joint venture between Generali and PPF - company changes name to Generali CEE Holding
    2018
    Austria becomes part of the Austria, CEE & Russia Region
     

    We are the leader in the region in terms of profitability, partly thanks to one of the best combined ratios in the industry (sum of incurred losses plus operating expenditure divided by earned premium).

    In 2016, premium income reached €3.5 billion, or 5% of total Group premiums, while the operating result was €461 million, or 10% of the Generali Group's result. As for technical results, the P&C business, with a volume of €2 billion, reported an increase (mainly driven by the better performance reported in the MTPL business in Poland) which is driving the combined ratio again below 90% (89.5%, the best for the Group worldwide). The Life segment reported a premium income of €1.4 billion.

    Generali CEE oversees a business segment that is now the Generali Group's fourth largest market, and its importance is likely to grow. In Central and Eastern Europe overall we have almost 10 million customers and a sales force of 2,000 employees and 9,000 agents.

    (Previous numbers do not include Austria and Russia)

    Main companies IN THE AUSTRIA, CEE & RUSSIA REGION