Grazer Wechselseitige Versicherung


Grazer Wechselseitige Versicherung or Graz Mutual Insurance Company is one of the largest Central European insurance companies. Its headquarters are located in Graz, Austria.

History

GRAWE was founded in 1828 by Archduke Johann as an "insurance institute for Styria, Carinthia and Carniola", with an original focus purely on fire insurance.

Subsidiaries

GRAWE is the fifth largest insurance group in Austria. GRAWE has subsidiaries in Central and Eastern European countries such as Slovenia, Croatia, Hungary, Serbia, Bosnia and Herzegovina, Ukraine, Bulgaria, Romania, Moldova, Macedonia, and Montenegro.

Serbia

GRAWE Osiguranje a.d. was registered as the first insurance company with foreign capital in Serbia. The company entered the Serbian market in 1997. GRAWE started out as a Greenfield investment with the aim to grow and develop in the Serbian market.

Partnerships

GRAWE has agreements with Kärntner Landesversicherung, Niederösterreichischen Versicherung, Oberösterreichischen Versicherung, Tiroler Versicherung, and Vorarlberger Landesversicherung. The network is called the Vereinigung Österreichischer Länderversicherer.

GRAWE group

In addition to the insurance sector, the Group is also involved in real estate management, banks, and various investments, with many affiliates.

Size

The annual premium income of the Group amounted 693.7 million euros in the fiscal year 2007. The number of managed contracts is just under 3.7 million.

Management

Director General of GRAWE is Mag. Klaus Scheitegel.
Supervisory Board President, Dr. Philipp Meran, traditionally, a direct descendant of the founder.