Association of Insurance Companies in Austria
The Association of Insurance Companies Austria (VVO) is an interest group of private insurance companies operating in Austria .
The VVO was founded as an association in 1899. In insurance matters, he acts as a contact for political decision-makers, institutions and the public. The VVO also represents Austrian interests in EU and other international bodies. He is a member of the CEA and the DACHL Association (cooperation of German-speaking insurance associations).
His other areas of responsibility include:
- Professional association of insurance companies in the Austrian Chamber of Commerce
- Collective agreements for the insurance industry
- Information and complaints office
- Vehicle:
- Foreigners Claims Office
- Green card office
- Vehicle registrations
- Automotive engineering office
- Road traffic casualty fund
- Insurance statistics
The VVO performs the following tasks through linked organizations:
- Information and dialogue forum for the Austrian insurance industry (Austrian Society for Insurance Expertise)
- Insurance industry training (educational institute of the Austrian insurance industry)
- Security services (Board of Trustees for Road Safety)
organs
The main bodies of the Austrian Insurance Association are:
- General meeting
- Bureau
- Presidential Committee
All board members exercise their function on a voluntary basis.
Members
In 2010 the VVO had 142 members, 126 of whom are based in Austria. 111 member companies have their headquarters in Austria; 15 are branches of foreign insurance companies and 16 operate in Austria within the framework of the free movement of services from an EU country.