Membership Structure
The Austrian Insurance Association (VVO) is an association registered in Vienna. Its purpose is to promote the common interests of the private insurance companies operating in Austria.
VVO currently has 14 members, 126 of which have their registered offices in Austria. 111 member companies have their headquarters in Austria, 15 are regional offices of foreign insurance companies and 16 operate in Austria from another EU member state in the context of the free movement of services.
In 2009, the insurers licensed in Austria earned (after first evaluation) a premium volume totaling € 16,420 billion from direct domestic business – this is 1,3 per cent more than in 2008.
The member companies of the Association employ a total number of approximately 26.732 persons for office and field services.
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