VIG: Over 150 digitalization projects currently under way group-wide

Envisioning people’s 2028 lifestyle and the role insurance will play in it, VIG is already laying the groundwork for the digital transformation. The Group is currently in the process of implementing more than 150 digitalization projects, the majority of which will be completed within the next two years.

Alongside global warming, VIG sees the digital transformation as the development that will have the most extensive impact on society and business. “We believe it will have a particularly significant influence in terms of connectivity, mobility and personalization. As an insurer, offering added value on top of our primary function of covering risks is becoming increasingly important. I see this as an opportunity to become part of the group of things that are seen as important in the lives of our customers in the future,” explained Elisabeth STADLER, CEO of the Vienna Insurance Group.

For instance, ever-closer interconnections between people and devices will significantly increase the need for protection against losses. Computer-controlled systems in the home provide early warnings of potential harm, or take preventive steps automatically. Mobility will be shaped by the rise of driverless vehicles, leading to completely new risk parameters and insurance models. Personalization will increasingly redefine insurance requirements, resulting in short-term policies with tariffs and coverage tailored specifically to individual needs…

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