Compensa launches €25 mln digitalisation project

Owned by Vienna Insurance Group Compensa has launched a €25 million digitalisation project Genesis. “Poland is the biggest CEE market, and our third-largest country in terms of premiums, after Austria and Czechia. We will capitalise on the expertise of the highly qualified employees at our Polish companies to build an innovation centre for the Group. This will enable other Group companies to benefit from examples of best practice,” said Elisabeth Stadler, CEO of the Vienna Insurance Group. The project dubbed “Genesis” will use AI, robotic technology, and IoT, as well as other technologies to develop insurer's digital products. Vienna Insurance Group wants to use the knowledge gained from the widely deployed digital transformation project for the other Group companies. “There is strong competition on the Polish market and significant interest in forward-looking ideas. Our local companies can be seen as trendsetters within the group as far as innovative products and services are concerned,” added Franz Fuchs from the VIG management board.