Founded in 1947 by Austrian insurers on the initiative of the agricultural sector, the Österreichische Hagelversicherung company developed from a pure Austrian hail insurer to an international natural disaster insurer. The striving for economic sustainability is already reflected in the company's legal form. As a mutual insurance association, their customers are also members. Besides hail, the Austrian Hagelversicherung insures agricultural crops as well as animals against frost, storm, drought, flood and many other risks.