Daimler Insurance Services GmbH, a subsidiary of Daimler Financial Services AG, has signed a cooperation agreement with the Vienna Insurance Group. The aim is to intensify the two companies’ cooperation with regard to brokering and concluding motor insurance policies in Austria and Central and Eastern Europe.

Daimler Financial Services’ objective is to expand its global vehicle-related insurance business in cooperation with selected insurance partners. The cooperation agreement covers a period of five years.

As a Group company of the Vienna Insurance Group, Donau Versicherung is the preferred insurance partner in Austria for motor insurance policy sales via car dealerships. The agreement covers eight further countries in Central and Eastern Europe in which the Vienna Insurance Group is represented by its Group companies, including Czech Republic, Slovakia, Romania and Poland.

Donau Versicherung and Mercedes-Benz Financial Services Austria GmbH, a subsidiary of Daimler Financial Services AG, have a long-standing business relationship. Already in 2000, a comprehensive insurance portfolio focusing on vehicles was introduced and the partnership has proven itself to be successful over many years.

Daimler Financial Services is a leading contender in the financial services industry by providing tailor-made leasing and financing solutions to promote the vehicle sales of the Daimler Group’s brands worldwide. With a comprehensive product portfolio including financing, leasing, insurance concepts and fleet-management services, Daimler Financial Services is responsible for a contract volume of €62 billion. Worldwide more than every third new group vehicle is financed or leased by Daimler Financial Services. Working in close cooperation with the Daimler vehicle brands, Daimler Financial Services strengthens customer loyalty to the group’s brands and generates new earnings potential for the group. Operating in more than 40 countries, the Berlin-based company has a workforce of more than 7,000 employees worldwide.

The listed Vienna Insurance Group (VIG) is one of the leading insurance groups in CEE headquartered in Vienna. Outside of its home base in Austria, Vienna Insurance Group is also active, through subsidiaries and insurance holdings, in Albania, Bulgaria, Germany, Estonia, Georgia, Croatia, Latvia, Liechtenstein, Lithuania, Macedonia, Poland, Romania, Russia, Serbia, Slovakia, the Czech Republic, Turkey, Hungary, Ukraine and Belarus. It also has branches in Italy and Slovenia. On the Austrian market, the Vienna Insurance Group (VIG) positions itself with Wiener Städtische Versicherung, Donau Versicherung and Sparkassen Versicherung.

Source: Daimler AG