Company ProfileCompany Profile
A young insurance group with strong partnerships in Austria
ERGO Austria International AG, an insurance holding based in Vienna, was founded in Austria in 2007. ERGO Austria is one of Austria's largest insurance groups. It operates in Austria and also has subsidiaries in a number of countries in Central and Eastern Europe.
ERGO Versicherung is the operating insurance company in Austria. The company offers insurance solutions for private and business customers, hedging the risks of everyday life and also long-term asset accumulation. Its main target groups are the customers of Bank Austria/UniCredit Group and Volksbank. The company has a long-term partnership with both of these major banks. In addition, we are able to offer our insurance solutions via our own sales representatives, agencies and insurance brokers as well as through direct sales and online via www.ergo-versicherung.at.
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Group structure diagrammeGroup structure diagramme
ERGO International has great confidence in its insurance expertise in AustriaERGO International has great confidence in its insurance expertise in Austria
The owner of ERGO Austria is the internationally active ERGO Group AG, which is based in Düsseldorf, Germany. ERGO Austria's operations in Austria and Central and Eastern Europe make up the second-largest foreign market for the insurance group, which is active in over 30 countries worldwide. ERGO Austria brings in around 20% of the total international volume of premiums of this insurance group.
Austria has two important functions for the Group. Firstly, it is a hub for the development of the Group's insurance activities in Central and Eastern Europe. As a consequence of its long and successful involvement in insurance sales via banks, the focus is on partnerships with banks. ERGO Austria cooperates with the UniCredit Group and Volksbank in its foreign markets.
Secondly, the ERGO Group makes use of the expertise of the ERGO Austria companies in the area of bancassurance to expand this sales channel internationally. ERGO's target markets are Europe and Asia. To this end, ERGO Austria set up an international competence centre for bancassurance. A team of experts based in Vienna analyses possible future partnerships with banks in Europe and Asia on behalf of the ERGO Group.
Besides ERGO Austria, the directly owned ERGO Group subsidiary D.A.S. Rechtsschutz Versicherung is also active in Austria.