Research and development
Although VIG companies do not perform any research activities as defined in § 243 (3) (2) UGB, they contribute their expertise to the development of insurance-specific software models. VIG Holding and – for projects – the VIG companies also cooperate with Digital Impact Labs Leipzig, Plug & Play and VENPACE, a start-up initiative (investment and corporate building) that is located in Germany and jointly funded with other insurance companies, in order to identify technological developments in the market more quickly and internalise them if necessary. The VIG Group also indirectly promotes research activities through its participations in ISTCube to increase basic research in Austria and APEIRON to support research in the biotech and pharmaceutical areas and the fight against COVID-19. viesure was also established as an internal “innovation hub” focusing mainly on Austria.