kontinuita - Komunálna Poisťovňa

ADDRESS BY THE
SUPERVISORY
BOARD
CHAIRMAN
Dear business partners, clients
and colleagues,
In spite of the global economic crisis, the year 2008 was
still favourable for the Slovak insurance market. The Vienna
Insurance Group Slovakia was able to generate
written premium amounting to over SKK 19,771 million
with a year-on-year growth of 11.7 per cent. Thus the
gap of the group’s market share to its largest competitor
fell year-on-year from 3.30 to tiny 0.20 percentage
points.
In autumn, the Vienna Insurance Group Slovakia got one
new member. Poisťovňa Slovenskej sporiteľne joined the
Vienna Insurance Group Slovakia, its total market share
achieved 29.28 per cent in the field of life insurance and
thus we got ahead of the long-term leader and became
No. 1 in this branch of insurance. At the same time, we
were able to defend our leading position in the branch of
MTPL insurance and motor hull insurance.
In the insurance market, the Vienna Insurance Group
develops a clear strategy of value-oriented growth and
strives to further extend in the CEE with an immense
growth potential. The Standard and Poor’s rating: A+
outlook stable is only a proof that the Vienna Insurance
Group has chosen its strategy well.
Dear business partners, dear friends,
Allow me to thank all our clients and business partners
who have placed their trust in KONTINUITA poisťovňa,
a.s. Vienna Insurance Group. It is this trust that motivates
us to improve the quality of customer service;
however, above all it is a commitment to be cautious
when choosing our investment strategy.
My sincere thanks go also to the management and all
employees of KONTINUITA for their professional, responsible
and enthusiastic work approach that contributes
to the company development.
Ing. Juraj Lelkes
Supervisory Board Chairman
Thanks to an expansive growth in the course of the last
few years, KONTINUITA poisťovňa, a.s. Vienna Insurance
Group has successfully established itself as a specialist
in the field of life insurance. Its success is based mainly
on the cooperation with universally recognized partners
– one of the largest private banks LCF Rothschild and
the largest investment management company Fidelity
International.
Certainly, the increase in efficiency was also supported
by the use of synergic effects under the lead of KOOP-
ERATIVA, hence the service quality for the clients has
improved, which brings a competitive advantage to the
Vienna Insurance Group in the Slovak insurance market.
KONTINUITA ANNUAL REPORT 7