Austria Insurance Tenders

The Austrian insurance market is a well-developed and mature market, with a total gross written premium of €14.4 billion in 2021.
The market is dominated by a few large players, with the top three insurers accounting for over 60% of market share.
The Austrian insurance market is expected to grow at a CAGR of over 3% during 2021-2026.

The Austrian government is a significant purchaser of insurance products and services, with an annual procurement budget of over €1 billion.
The government procures a wide range of insurance products and services, including property and casualty insurance, life insurance, and health insurance.
The government procurement process is governed by the Austrian Public Procurement Act.

Property and casualty insurance: The government procures property and casualty insurance to protect its assets against a wide range of risks, including fire, theft, and natural disasters.
Life insurance: The government procures life insurance to provide benefits to its employees and their families in the event of death or disability.
Health insurance: The government procures health insurance to provide its employees with access to affordable healthcare.

Federal Procurement Agency (Bundesbeschaffungsamt): The Federal Procurement Agency is responsible for centrally managing the government's procurement of goods and services, including insurance.
Ministry of Finance: The Ministry of Finance is responsible for setting overall procurement policy for the government.

Vienna Insurance Group (Wiener Versicherung Gruppe): Vienna Insurance Group is the largest insurance company in Austria and a major winner of government procurement contracts.
UNIQA Insurance Group AG: UNIQA Insurance Group AG is the second largest insurance company in Austria and another major winner of government procurement contracts.
Generali Versicherung AG: Generali Versicherung AG is the third largest insurance company in Austria and also a significant winner of government procurement contracts.

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