2006
Press Releases Archive 2006
New Year´s Fireworks: Insurance Claims Rocket
Vienna, 27.12.2006
Home fireworks prove to be a major cause for rocketing insurance claims after the festive holidays. Stray fireworks, rockets and jumping crackers are most likely to damage buildings, parked vehicles and personal belongings. Although many of the damages are covered by either building and contents coverage or motor hull insurance, extensive safety precautions must be taken when handling pyrotechnics.
Time and again. Burning Christmas trees take down holiday homes.
Vienna, 22.12.2006
Every year the holiday season sees hundreds of fires caused by burning Advent wreaths and Christmas trees. Due to good prevention work by the fire brigade, the Kuratorium für Verkehrssicherheit (KfV) and the Austrian insurers the number of incidents has been kept relatively low compared to other countries (Germany reports tens of thousands of fires in the same time period). Still, dealing with open fire requires a number of important safety precautions.
Pension provision: Starting early is well worth it!
Vienna, 7.11.2006
Contrary to some reports published recently, along the lines that it only makes sense to make pension provision from the age of 40, the VVO makes the position clear: You can’t start early enough to plan for your old age!
25 years of Consumer Information in the VVO
Vienna, 7.11.2006
Since the early eighties, the Austrian Insurance Association (VVO) has maintained a consumer information unit. As well as countless information enquiries, the unit also maintains a constant interchange between consumers, entrepreneurs, and insurance companies. Thousands of people approach the VVO with enquiries every year, as a neutral source of information and centre of excellence in matters associated with insurance.
Private pension provision 2006 – where are we going?
Vienna, 18.10.2006
The results of an industry survey by psychonomics AG, commissioned by the VVO, have made things very clear: Awareness of the need to make one’s own pension provision has risen, and confidence in the State pension has slumped massively, especially among younger people.
But what does this mean for the future, and where are we going when it comes to making our own provision?
The Austrian Insurance Sector 2005 - a Final Balance Sheet
Vienna, 27.06.2006
2005 proved to be a good year for national insurance companies. Final results show record growth in life insurance, although offset by heavy burdens incurred due to claims deriving from natural disasters. The underlying mood for 2006, however, continues to be optimistic.
Climate, catastrophes - capitulation? Insurance solutions need adequate legal framework
Vienna, 27.06.2006
Man has always been exposed to the forces of nature. But these days natural catastrophes are striking more frequently and leave enormous damages. A comprehensive insurance solution, however, which is based on a broad risk-sharing community needs adequate legal framework.
Blimey! VVO website goes English
Vienna, 27.06.2006
Since June 27th our international partners and all other interested parties are able to obtain even more information about the projects of the Austrian Insurance Association (VVO). The whole website has been translated into English.
Collective insurance negotiations for insurance field staff completed
Vienna, 20.06.2006
June 19th, 2006 saw the successful conclusion of the collective contract negotiations between the Austrian Insurance Association and the Union of Private Employees, involving the approximately 11.500 employees working in the field services of the national insurance sector.
1 June 2006: HORA goes online!
Vienna, 31.05.2006
1 June 2006 marks the start of “HORA”, the Austrian Flood Risk Zoning Project is going to be launched free on the Internet in the form of a digital risk map.
Corporate Benefits: Let Austria make a choice!
Vienna, 11.04.2006
In September 2005, as part of the implementation of the EU Pension Fund Directive, the Corporate Collective Insurance Scheme (BKV) was introduced in Austria. Despite repeated demands, a genuine equalisation between the providers of corporate benefits has still not been achieved. As before, access by civil servants and contract workers in public service to corporate collective insurance is still being refused.
Collective Contract Negotiations for Insurance Internal Service: Successful Conclusion for 2 years
Vienna, 06.04.2006
5 April saw the successful conclusion of the collective contract negotiations between the Austrian Insurance Association and the Union of Private Employees, involving the approximately 11,000 internal service employees of the national insurance sector.
The Austrian Insurance Sector 2005 - an Initial Balance Sheet
Vienna, 01.03.2006
2005 proved to be a good year for national insurance companies. Initial results show record growth in life insurance, although offset by heavy burdens incurred due to claims deriving from natural disasters. The underlying mood for 2006, however, continues to be optimistic.
Solvency II - Threat or Opportunity?
Vienna, 11.01.2006
There’s a Revolution taking place in the Insurance Industry: It’s called Solvency II and stems from Brussels.
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