The foundations of CIG Pannónia Life Insurance's reliable strategy are the expertise of its experienced management, its extensive and ever-expanding range of products and its fast-growing tied network.
This limited company, the only life insurance company under Hungarian ownership, promotes the idea of self-reliance and the provision of support of relatives and also supports the further development of financial and insurance culture in Hungary and other the Central and Eastern European countries through the high-quality services it offers to its customers. As a Hungarian insurance company, CIG Pannónia Life Insurance offers customized products in accordance with local requirements, offers jobs locally and pays taxes in Hungary. A key part of our strategy is the principle of mutuality: we want our owners to become clients and vice versa. That was the rationale behind the public offering of CIGPANNONIA shares in 2010 and their listing at the Budapest Stock Exchange.
The Company provides the best quality services available on the market customized to local needs, relying on the prestige and example of its founders and supported by a management which is very efficient, even in international comparison. In accordance with the so-called “Blue Ocean Strategy”, which stimulates innovation and creates a competitive edge, the Company continuously monitors market developments and improves its product range accordingly.
Our products and services offer safe solutions for the varying needs of our customers that stem from their different situations. Consequently, we have come up with ways to provide for children, build savings, support new families and tocreate financial security after retirement. Our products also offer an opportunity for responsible employers to provide for their employees and create collective or individual incentives to encourage employees to work efficiently.
In addition to our successful operation in Hungary, we strive to establish a firm and growing presence in the entire Central and Eastern European region, where the life insurance market is underdeveloped and has a strong growth potential. Currently we offer our products in Romania and Slovakia as a cross-border service through the subsidiaries of BROKERNET, our strategic partner.
Our management considers the achievement of ownership goals, maximizing shareholder value and cost-effective and profitable operation as the most important factors of business. Our colleagues are seasoned veterans of the insurance and financial profession; they work honestly and with professionalism to reach the goals that are set. We recognize our role as caring, innovative, family-centred, successful and reliable insurer that offers a full range of high-quality insurance services to its customers through an extensive network of highly skilled representatives. Our goal is to become the market leader with the help of our outstanding services, effective administration and management and reliable network of representatives and to ensure that our company will become profitable as early as in the medium term.
Our vision is to become a major player of the Central and Eastern European insurance market and a symbol of financial security and growth in the eyes of our clients, business partners and in domestic and international professional circles.