"UNIQA Sustainable Business Solutions" with ESG consulting, active from 1 July

10 July 2024 — Daniela GHETU
Staying true to its “living better together” motto, Austrian UNIQA Group is taking a further step beyond the traditional insurance business by establishing a new subsidiary, UNIQA Sustainable Business Solutions, that will support corporate customers in risk issues, transformation and ESG topics.

Starting 1 July, the company is active in Austria, Poland, Czechia and Slovakia, with other countries to follow. Companies can utilize the UNIQA Sustainable Business Solutions services independently of a UNIQA insurance contract, to strengthen their resilience through active risk management and harmonizing their sustainability strategies with the legal framework.

Advanced risk assessment in a complex environment

Companies are confronted with an increasingly complex business environment – from regulatory sustainability requirements to growing risks from climate change and geopolitical challenges. UNIQA Sustainable Business Solutions therefore extends loss prevention beyond traditional insurance solutions and helps companies to proactively eliminate potential threats and minimize risks, a Group press release reads, adding that it supports ESG-based transformation requirements with analyses and recommendations for sustainability solutions in the sense of a holistic 360-degree perspective on customers.

"For us, the vertical integration of UNIQA Sustainable Business Solutions is a clear consequence of the customer-centric strategy that we have been successfully implementing throughout the Group since 2020. A major advantage for our customers is above all the bundled risk engineering expertise and the interaction of the best minds from our 17 markets in Europe," explained Wolfgang KINDL, Member of the Management Board responsible for Customer & Market International. Peter HUMER, Member of the Management Board responsible for Customer & Market Austria, added: "If our customers' needs change, we want to be at their side as an equal partner – beyond national borders and traditional insurance services. With UNIQA Sustainable Business Solutions, we are a reliable partner for our corporate customers in the oftentimes challenging transformation processes."

Climate protection for a successful future

With the new company, UNIQA is recognizing its responsibility to society as a whole – true to the brand promise of living better together. As an insurance company, UNIQA is aware of the risks of climate change and is endeavoring to take long-term countermeasures. "Especially in a time characterized by increasing regulatory pressure and the effects of climate change, preventive measures and a robust risk management strategy are crucial for the company's success," emphasized CEO Olivera BÖHM-RYBAK . Christoph KAPFINGER, Managing Director of UNIQA Sustainable Business Solutions in Austria concluded: "Our goal is to be a strong partner for our customers, supporting them on their path to a sustainable and successful future."

The management team of UNIQA Sustainable Business Solutions is formed by:

  • Olivera BÖHM-RYBAK, Msc, Chief Executive Officer
  • Christoph KAPFINGER, Managing Director
  • Gerhard SIRUCEK, Managing Director
As for future development plans, other than expanding its footprint across the CEE region, the newly established company announced the launch of the modular UNIQA Sustainable Business Solutions Academy in 2025. The Academy will offer high quality content and interactive formats with strong practical relevance, aiming to elevating educational standards for Uniqa’a clients and partners in risk engineering, resilience and sustainability – areas that are increasingly critical to businesses and the insurance market.