HDI insurance: strong growth and sustainability in focus!

HDI insurance: strong growth and sustainability in focus!

Österreich, Land - The financial year 2024 was characterized for the and new legal requirements. Fortunately, the figures achieved show a positive development. The offset premiums in Austria rose by 6.4 % to 289 million euros, compared to 272 million in 2023. Especially in the company and industrial insurance market, there were significant premium increases, especially in the areas of fire, vehicle liability and technical insurance.

The HDI Versicherung actively addressed the challenges of digital transformation and the new regulatory requirements. The complete implementation of the digital operational Resilience Act (Dora) is expected for 2025, which will come into force on January 17, 2025. This comprehensive regulatory framework aims to strengthen the digital resilience of the financial sector in the EU, especially in view of the growing cyber threats. The Dora requires to implement efficient measures to manage and combat ICT-related disorders.

In this context, HDI Versicherung has already implemented measures to improve its digital infrastructure in order to meet the Dora requirements. This includes the optimization of security protocols and close cooperation with ICT service providers. A comprehensive stress test of the financial market supervision (FMA) made it clear that the Austrian insurance companies, including HDI, have high resilience.

sustainability and innovative strategy

Another central point in the balance sheet year 2024 was the strategic realignment of the company. This included the establishment of a central sales department and a new structure of the sales regions in Austria. In addition, the implementation of the corporate sustainability reporting directive (CSRD) was promoted, which improves the transparency and quality of sustainability reporting. The HDI insurance reported savings of around 10.9 tons of CO2 equivalent through a converted fleet and reduced energy consumption.

The quick support for policyholder: Inside after the heavy rain and flood events in Eastern Austria in September 2024, a quick-testing procedure was guaranteed. The HDI Versicherung also received first place at the Award Award Austria in the "Legal Protection Privat" category for their "HDI rights advantage".

outlook on 2025

For 2025, HDI insurance expects both low growth rates in the euro area as well as positive business development, especially in the company business in Austria as well as the neighboring countries of the Czech Republic, Hungary and Slovakia. The results of the comprehensive stress test of the FMA showed that the Austrian insurance companies are well positioned in order to remain resilient in times of economic and ecological challenges. Nevertheless, the adjustments regarding the Green Deal measures, the integration of climate risks and compliance with the DORA requirements must continue to be focused in order to successfully meet future challenges.