The following was released by VIG here.
The medal is a Czech state award presented by the President. It is a prestigious award given to important personalities who have contributed either to economic development, scientific and technical progress, or to cultural, educational, sporting, or medical advancement. The Medal for Merit is awarded in three classes, of which Class I is the highest.
"I appreciate the award very much. In former Czechoslovakia, we started our way into the markets of Central and Eastern Europe. Together with our Czech colleagues Vladimir Mraz and subsequently Martin Divis, we succeeded in building a strong insurance group in the Czech Republic, which includes Kooperativa and Ceska podnikatelska pojistovna, thanks to our strategy focused on local success. I see the award as recognition of our joint work", emphasises Gunter Geyer, Chairman of the Supervisory Board of Vienna Insurance Group.
Gunter Geyer had a very positive influence on the entire insurance industry in former Czechoslovakia since the 1990s. Thanks to his vision, intensive contacts with Czech and Slovak colleagues and a high level of confidence in the development of the Czech insurance industry, he made sure that most profits were invested in the local development of those insurance companies. In this way, he contributed to the enormous upswing of the modern insurance industry in the Czech Republic and Slovakia after decades of an insurance company holding a monopoly position, and also laid an important foundation for the development of the Vienna Insurance Group. In the following two decades, under Gunter Geyer's leadership, the Group expanded into many other countries in the CEE region and wrote an impressive chapter in the European insurance industry.
Today, Vienna Insurance Group unites around 50 insurance companies in 30 countries with more than 25,000 employees under one roof. In Austria, the Vienna Insurance Group includes the insurance companies Wiener Stadtische Versicherung and Donau Versicherung.
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