AUSTRIA: AXA TO CUT COSTS IN CAR INSURANCE

Article Abstract:

In 1999, premiums of the Austrian insurer AXA Nordstern Colonia AG in accident insurance increased by 3.3% to Sch 2.2bn, while claims payments rose from Sch 1.3bn to Sch 1.4bn. The situation is difficult especially in the segment of comprehensive car insurance. Repair costs have increased by about 30% since 1992 while insurance premiums have risen only by about 20% on the average. AXA wants to cut costs, and has negotiated fixed prices with about 100 repair garages. Insurance clients using the services of these cooperation partners are granted bonuses.

Sales, profits & dividends, Fire, marine, and casualty insurance, AXA Nordstern Colonia AG

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AUSTRIA: WIESENTHAL WIN ENVIRONMENT CERTIFICATES

Article Abstract:

The Mercedes dealer and garage group Wiesenthal & Co claims to be the first motor vehicle trader and garage operator in Europe to have been certified according to the ISO 14001 and EMAS standards. Wiesenthal, which generates an annual turnover of Sch 7.5bn, expects the investments in environmental standards to yield savings "in the million range" in the field of materials management.

Product standards, safety, & recalls, Wiesenthal und Company GmbH mbH

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AUSTRIA: VOLKSFURSORGE/DENZEL EXTEND COOPERATION

Article Abstract:

Volksfursorge-Jupiter Versicherung and Denzel are to intensify cooperation in the field of motor vehicle registration and insurance.

Strategic alliances, Denzel, Volksfursorge-Jupiter Allgemeine Versicherungs AG

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