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International

VIG’s premium volume grows by more than 11%

May 20, 2022 Reprints

Austria-based insurer Vienna Insurance Group AG’s total premium volume increased by more than 11% year-on-year to €3.45 billion ($3.6 billion) in the first quarter of the year, largely driven by motor third party liability, property and casualty and health insurance segments, Xprimm reported. The insurer, however, reported over 3% drop in pre-tax profits to almost €124 million, due to higher provisions made for losses related to the Ukraine war.

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VIG’s premium volume grows by more than 11%

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