VIENNA Insurance Group said WIENER STADTISCHE officially becomes the largest life insurance company in Austria after WIENER STADTISCHE successfully completes its merger with s Versicherung.
“Following Hungary, Slovakia and Croatia, we have now successfullance in Austria, and we now plan to make greater use of it for the other lines of business. That is why oury merged our largest bank insurance company with our largest local composite insurance company in Austria according to plan. Bank insurance distribution has traditionally been very important for life insur pilot project to expand the products and services offered to customers of our distribution partner Erste Group was intentionally started in Austria already a year ago,” explained Elisabeth STADLER, CEO of VIENNA Insurance Group.
The merger was approved by the Austrian Financial Market Authority (FMA). “This is a historical step in our company’s history. In addition to its own field staff and distribution partners, WIENER STADTISCHE can now also make use of bank distribution, which provides us with three strong distribution channels,” stated Robert LASSHOFER, General Manager of WIENER STADTISCHE.