Výročná správa 2009 - Komunálna Poisťovňa

3 The CompanyKOMUNÁLNA poisťovňa, a.s. Vienna InsuranceGroup is and commercial insurancecompany operating on the Slovak insurancemarket since 1994. Its mission is to provideclients quality insurance products and servicescovering life insurance, motor vehicle andproperty insurance, liability insurance and alsoindustrial risks insurance.KOMUNÁLNA poisťovňa is trusted by anincreasing number of clients, which is supportedalso by growth share in the life insurancesegment in 2009. Equally in the non-life insurancethe company has recorded growthtrends, mainly in the motor vehicle insurance,where the company, together with its partnersfrom the Vienna Insurance Group, is No 1 onthe market. This applies to MTPL as well comprehensivemotor vehicle insurance.KOMUNÁLNA poisťovňa is able to draw onmany years of experience of Vienna InsuranceGroup; therefore it is one of the most widely sought-afterinsurer. One of the major strengthsof the company are excellent relationships withopinion makers in villages and cities, where itwas the Wiener Städtische Versicherung AGVienna Insurance Group who stood by at thebeginning, when the relationships, as well asmanagement comfort for these opinion-makerswere being established.KOMUNÁLNA poisťovňa, a.s. Vienna InsuranceGroup was established on October 19,1993, with official launch of operations on January1, 1994. The founder was Dexia bankaSlovensko a.s. (at the time Prvá Komunálnabanka, a.s.). During the course of years KO­MUNÁLNA poisťovňa gradually strengthenedits position on the Slovak insurance market.The company underwent major change afteracquisition in 2001. KOOPERATIVA poisťovňa,a.s. Vienna Insurance Group purchasedmajority ownership stake, thereby significantlychanging the shareholder structure. Thus thecompany became part of and strong internationalfinancial and insurance group, the ViennaInsurance Group, which has also defined thecompany’s ambitions and activities during followingyears.General company information, advice withrespect to the most suitable insurance for individuals,property, motor vehicles, businessand industry and contacts to your local representativeare available from KOMUNÁLNA poisťovňa,a.s. Vienna Insurance Group, as wellas on info@kpas.sk, Info line 0800 11 22 22 orInternet address www.kpas.sk.Business structureKOMUNÁLNA poisťovňa has two-tier organisationalstructure.Head Office in Bratislava performs thefunction of management and coordination centre,being responsible for the country-wide results.In individual regions of Slovakia there are14 branches with 62 business offices, employingmore than 190 internal regional businessrepresentatives and 180 exclusive agentsgrouped into managerial teams of two andmore members.At the same time KOMUNÁLNA poisťovňais delivering quality and specific services viaand well-developed external network, managerby 3 regional managers. This structure is responsiblefor regional results.In 2009 our own internal network, withoutimpact of the merger, managed to produce andpremium income of 24.545 million Euros. Thiswas and year-on-year increase by 9 percent,mainly in life, property and motor vehicle insuranceproducts. Following the merger our owninternal network acquired into its portfolio insurancecontracts from the KONTINUITA internalsales network, with premium income of 2.586EUR.After the merger the company has producedthrough external network and premium incomeof 34.573 million EUR, which representsand year-on-year reduction by approximately11 percentage points.In addition to own and external network,after the merger the company has acquiredanother distribution channel, consisting ofexclusive agents, organised into and 9-levelKONTINUITA network structure. Mainly in lifeinsurance and towards the end of the year alsoin motor vehicle and property insurance thisdistribution channel reached premium incomeof 22.798 million EUR, which represents and4.47% reduction in the premium income.O spoločnosti I The Company17