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, 2017
(Austria and Russia not included)
€ 481 mln
CZ 32.4% SK 11.2%
HU 19.1% PL 3.7%
KEY EVENTS IN 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 2017, premium income reached €3.6 billion, or 5% of total Group premiums, while the operating result was €481 million, or 10% of the Generali Group's result. As for technical results, the P&C business, with a volume of €2.1 billion, reported an increase by 3.4%. The motor segment (+3.2%) benefited from the tariff policies on the existing portfolio, while the non-motor segment recorded 3.6% growth. The combined ratio decreased 1.7 p.p. to 87.8% (the best for the Group worldwide). The Life segment reported a premium income of €1.5 billion.
Generali CEE Holding oversees a business segment that is now the Generali Group's fourth largest market, and its importance is likely to grow. The organizational unit of Generali CEE Holding is based in Prague with 120 employees from 14 countries.
(Previous numbers do not include Austria and Russia)
Main companies IN THE AUSTRIA, CEE & RUSSIA REGION
- GENERALI CEE HOLDING
- GENERALI INVESTMENTS CEE
- GENERALI VERSICHERUNG - AUSTRIA
- CESKA POJISTOVNA - CZECH REP.
- GENERALI POJISTOVNA - CZECH REP.
- GRUPA GENERALI - POLAND
- GENERALI BIZTOSITO - HUNGARY
- GENERALI POISTONA – SLOVAKIA
- GENERALI OSIGURANJE SRBIJA – SERBIA
- GENERALI OSIGURANJE MONTENEGRO – MONTENEGRO
- GENERALI ASIGURARE REASIGURARE – ROMANIA
- GENERALI ZAVAROVALNICA – SLOVENIA
- GENERALI INSURANCE – BULGARIA
- GENERALI OSIGURANJE – CROATIA