Austria


Johann Diwoky Member of the Board Цsterreichische Kreditversicherungs-AG

Introduction History In Brief

The Austrian private credit insurance industry started in 1955 when the Цsterreichische Kreditversicherungs-AG (ЦKV) was established as a subsidiary of all the major Austrian insurance companies. For the following three decades ЦKV was the only private credit insurer in Austria.

In 1989 a second private credit insurance company, Prisma Kreditversicherungs-AG, entered the Austrian market. Prisma was founded by a group of major Austrian banks with the help of Oesterreichische Kontrollbank AG (OeKB), the federal Austrian export credit insurance agency ( which is still the majority shareholder) and Hermes, Germany. Gothaer Credit Versicherung Service GmbH followed in 1995, and in the same year Gerling also began offering Credit Insurance through their existing branch.

Austria Joins The EU



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