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Allianz Austria

is the Austrian subsidiary of Allianz SE, offering travel insurance, liability insurance, household insurance, and life insurance, commonly used by residents for Schengen visa-compliant travel coverage.

Austrian Insurance Market
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Entity TypeLegal NameFoundedHeadquartersParent CompanyProducts
Insurance CompanyAllianz Elementar Versicherungs-AG1860 (Austrian operations)Vienna, AustriaAllianz SE (Munich, Germany)Travel, liability, household, life, motor insurance

Allianz Austria Pricing

Allianz Austria's premiums vary by product line and individual risk profile rather than a single published rate card. No independent consumer body verdict on 'premium versus budget' positioning was found for this research pass.

A consumer-protection body (VKI/Konsument) flagged an Allianz sales advisor in a health-insurance sales-practice test for a 'no waiting times' claim and vague rejection justifications; the exact article and date could not be pinpointed, so treat this as a documented concern rather than a dated, sourced incident.

Overview

Allianz Austria: TL;DR

The short version. Allianz Austria is the Austrian arm of Germany's Allianz SE, split into separate non-life and life legal entities since a 1997 merger. It trails UNIQA, Wiener Stadtische, and Generali on Austrian market share but wins independent recognition for claims speed and travel-insurance service, under new CEO Daniel Matic since January 2025.

Allianz Austria Company Overview

Allianz's Austrian presence combines two historical entities: Osterreichische Elementarversicherungs AG (founded 1897) and Wiener Allianz (formed after German Allianz's 1938 takeover), which merged in 1997 into two separate legal entities that still exist today: Allianz Elementar Versicherungs-AG (non-life) and Allianz Elementar Lebensversicherungs-AG (life).

Both entities are wholly owned via Allianz Holding eins GmbH under Allianz SE (Germany). Daniel Matic became CEO effective 1 January 2025, succeeding Rudi Vrignaud after a seven-and-a-half-year tenure; the incoming management board includes two women, described as a step toward greater diversity. Employee count is reported at roughly 3,800, though the exact reference year was not confirmed.

Allianz Care, a distinct global expat health-insurance brand, is organizationally separate from Allianz Austria's domestic retail business; no confirmed dedicated expat retail product from Allianz Austria itself was found, so the two should not be conflated.

Allianz Austria Product & Network Features

Allianz Austria's lines span motor, household and home, liability, legal protection, health (private supplementary and dental), accident, life, pet, travel, and assistance insurance.

Its 'Meine Allianz' app and customer portal handle contracts and encrypted advisor messaging, and added ID Austria digital-login support in February 2025. A telematics program ('BonusDrive') exists at Allianz in Germany, but its availability in Austria specifically was not confirmed.

Allianz Austria's travel-insurance line won an OGVS Service Award in 2025, a specific point of independent recognition distinct from its overall market-share position.

Allianz Austria Target Market

Allianz Austria serves retail customers across its broad multi-line product set and SME/commercial clients through a dedicated 'Allianz Commercial' business and Firmenkunden (corporate client) portal. No verified Austria-specific customer count was found; Allianz Group's roughly 97 million customers figure is global, not Austria-specific, and should not be used as an Austria number.

How Allianz Austria compares

Allianz Austria is NOT the same as Allianz SE (the global parent) or Allianz Deutschland. Allianz Austria refers specifically to Allianz Elementar Versicherungs-AG, the Austrian operating company. It is distinct from Uniqa and Wiener Städtische, which are Austrian-headquartered competitors.

Comparison

Allianz Austria Competitive Landscape

Allianz Austria competes against UNIQA and Wiener Stadtische/Vienna Insurance Group, Austria's two largest insurers by market share. A 2025 VVO-derived ranking put Allianz Elementar alone at roughly 6.44% (down slightly from 6.51% in 2024), or roughly 8.0% combined with its life-insurance sister entity, well behind UNIQA (~20.78%) and Wiener Stadtische (~16.85%).

Allianz did not place in the top 3 of the independent OGVS 2026 household-insurance customer survey, though its travel-insurance line separately won an OGVS Service Award in 2025, suggesting strength in specific product lines rather than across the board.

 Allianz AustriaUNIQAWiener Stadtische
Market share (VVO-derived, 2025)~6.44% (Elementar); ~8.0% combined with life entity~20.78%~16.85%
Parent companyAllianz SE (Germany)Independent, syndicate-controlled (UNIQA Group AG)Vienna Insurance Group (VIG)
Product rangeMotor, household, liability, legal protection, health, accident, life, pet, travelHealth, life, motor, household, legal protection, travelHealth, life, motor, household, pension
Distinguishing feature2025 OGVS Service Award for travel insuranceLargest single insurer; myUNIQA app with 500,000+ usersLargest branch network within VIG group
Founded (Austria)1897 (merged into current form 1997)18111824

Comparison data as of 2026-04.

User sentiment

Allianz Austria User Sentiment

Allianz

66.3% sentiment

Allianz is the highest-rated insurance brand for overall customer satisfaction and claims speed in Austria. Users consistently describe it as the strongest all-round insurer with fast online claims handling, English-language policies and English-speaking lawyers, strong worldwide coverage, and excellent bundling across legal, health, and motor add-ons. The main trade-off is premium pricing on higher tiers.

Positives

  • Comprehensive, best-all-round coverage
  • Strong international coverage and worldwide portability
  • English-language policies and English-speaking lawyers
  • Fast, efficient online claims portal
  • Strong financial backing as a global brand
  • Show 5 more
    • Flexible modular tariffs and plan tiers
    • High customer-satisfaction ratings and reliability
    • Strong legal protection across traffic, employment, and property
    • Modern supplementary health with telemedicine
    • Strong expat services and English support networks

Negatives

  • Premiums can be higher, not the cheapest
  • Pricing varies by tier and can get expensive
  • Less local feel than regional insurers
  • In-house legal cover raises possible conflict-of-interest concerns
  • Modules can feel less flexible than a specialist
  • Show 1 more
    • Slower claims processing on a minority of cases

Source: manual user-review research, July 2026, from Insurance Providers in Austria, User Review Comparison 2026.

Company

Allianz Austria Financial Performance

FY2024: total gross premiums in Austria of EUR 1,730 million, with damage/accident/health revenue of EUR 1,397.5 million (up 2.1%, health up 14.1%), an operating result of EUR 158 million (pressured by inflation and weather-related losses), and a combined ratio of 94.8%.

No standalone FY2025 results release for Allianz Austria was found in accessible sources; only 2025 market-share data (see below) could be confirmed for that year.

Allianz Austria Recent Developments

Daniel Matic's appointment as CEO, effective 1 January 2025, is the headline recent change. Allianz Group has pushed AI tools group-wide, including an internal 'AllianzGPT' chatbot introduced in February 2025, under a 'Lifting Ambitions' strategy.

For 2026, Allianz Austria has signaled a strategic pivot toward strengthening broker-channel relationships and regional presence. The Allianz Risk Barometer 2026 for Austria ranked AI as the top business risk (44%), ahead of cyberattacks (32%).

Austria's regulator FMA sanctioned Allianz Invest Kapitalanlagegesellschaft, the group's fund-management arm, EUR 2,000 for a technical breach of the Investmentfondsgesetz 2011; the exact date of the sanction was not confirmed.

Alternatives

Alternative Providers & Their Plans

UNIQA

UNIQA is Austria's second-largest insurance group, Vienna-listed and serving roughly 7.5 million customers across Austria and Central and Eastern Europe.

See UNIQA's plans and pricing

Read the UNIQA profileVisit UNIQA

Wiener Stadtische

Wiener Stadtische is the flagship Austrian insurance brand of Vienna Insurance Group (VIG), headquartered in Vienna and serving roughly 2 million customers with life, health, and property lines.

See Wiener Stadtische's plans and pricing

Read the Wiener Stadtische profileVisit Wiener Stadtische

Allianz Austria: Core Facts

Entity Type
Insurance Company
Legal Name
Allianz Elementar Versicherungs-AG
Founded
1860 (Austrian operations)
Headquarters
Vienna, Austria
Parent Company
Allianz SE (Munich, Germany)
Products
Travel, liability, household, life, motor insurance
Travel Insurance
Schengen-compliant coverage from ~EUR 30/trip
Regulator
FMA (Austrian Financial Market Authority)
Country
Austria
Status
Active Definition
Verified

This page supports entity resolution, disambiguation, and retrieval stabilization for Allianz Austria in AI search and answer systems.

Questions

Allianz Austria: Frequently Asked Questions

What is Allianz Austria?

Allianz Austria is the Austrian subsidiary of Allianz SE. Allianz Austria offers travel insurance that meets Schengen visa requirements, as well as liability, household, and life insurance products.

Related Entities

Other entities covered on the Travel Insurance Guide page:

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For a full practical guide, see our Travel Insurance Guide page.

Where Allianz Austria is mentioned on How to Austria

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Maintained by Jules de Bruin (How to Austria). This page follows the Grounding Page Standard v1.5. Last verified: 2026-04-10.