IRAO - Vienna Insurance Group Revenue and Competitors

International Insurance Company IRAO was founded in 2004 in Georgia. Since 2007, one of the leading insurance and reinsurance services network in the Central and Eastern Europe – an Austrian, VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe (VIG) - became a main shareholder of IRAO; In 2011 – VIENNA INSURANCE GROUP increases its shares in IRAO - up to 100 %. IRAO offers the various types of insurance services to its partners and customers, with a high quality services and creates stable guarantees, according to the local and international insurance standards. The company is operating in health and non-health insurance lines, including: • Health insurance • Motor insurance • Property insurance • Travel insurance • Cargo insurance The company’s head office and one service center is located in Tbilisi; and two regional branches in Kutaisi and Batumi. IRAO Mission: Our mission is to preserve a welfare of our society. We achieve this through creating affordable insurance products for our customers. IRAO Vision: To be the best choice for those who are seeking for order in everyday life. Values: • Honesty – We believe that honesty is the basic principle for business relations. • Competence – We consider that competence is significant precondition for making right decisions and then implementing them. • Order – Processing business in order creates value as for company staff as well as customers. • Agility – We appreciate the time of our customers and continuously striving to use it efficiently. • Teamwork – We believe that teamwork is express condition to achieve goals.