Together with the two other group members, KOMUNALNA Poistovna and Poistovna SLOVENSKEJ, the VIENNA Insurance Group (VIG) holds a position of market leader of its core market in Slovakia, according to company's press release.

With a market share of 23.6 percent, the KOOPERATIVA is number 2 on the Slovakian market and as a composite insurer; it provides its clients insurance solutions in life as well as in non-life segment. During the first six months of 2010 the company generated a premium volume of approximately EUR 250 million. In the life-insurance sector, the KOOPERATIVA was able to record a substantial improvement of around 18 percent. In the motor segment, the market share lies at 32 percent. In the near future the KOOPERATIVA will expand its product portfolio to include legal protection insurance and further strengthen their strong position on the motor market.

The KOOPERATIVA was founded in 1990 in Bratislava as the first private insurance company in the former Eastern European reform countries. It was also the VIENNA Insurance Group's first business commitment in Central and Eastern Europe.

"The KOOPERATIVA is a prime example of the Vienna Insurance VIG's sustainable business development in Central and Eastern Europe. The KOOPERATIVA forms the basis of our success in our core market Slovakia and plays a substantial role in having achieved the top market position", says Gunter GEYER, CEO of VIG.