Highlights
Thanks to the systematic implementation of its internationalisation strategy, UNIQA serves 21 markets today, including the countries of Central, Eastern and South Eastern Europe. The significant expansion of its sphere of activities also gives the UNIQA Group significantly greater autonomy and a substantially broader risk spread. At the same time, the premium growth resulting from the expansion forms a solid basis for the UNIQA Group’s long-term earnings power.
UNIQA continued to actively serve the still young markets in Central, Eastern and South Eastern Europe in 2010. In contrast to Austria, this region has low insurance density and penetration and therefore offers substantial medium- and long-term potential growth in premiums and profit, despite the muted economic growth of the last two years. At the product level, the UNIQA Group’s broad diversification contributed to a premium growth rate of 8.4% in all three segments (property and casualty, life, and health insurance) in 2010. This has also enabled the UNIQA Group to increase its net profit robustly compared to 2009 despite significantly higher claims due to natural disasters and sustained investments in service quality and expansion of sales.
Hannes Bogner
Member of the Management Board
“The successful international expansion of the UNIQA Group is confirmation of our strategy. After more than 15 acquisitions, we are now successfully active in 21 markets; we have quadrupled our customer base and our premium volume and massively increased our net profit. Our Group‘s broad position enabled us to maintain its soundness even in the crisis years of 2007 and 2008. Many mainstays provide greater stability and thus constitute a decisive advantage. We will further improve our financial strength and earning performance by continuing on this path in the future. FROM AUSTRIA TO EUROPE.”
