Poland
POLAND: PZU Group: record sales results - after 3Q exceeded the threshold of PLN 18 billion in GWP
More than two and a half times increase in net profit y-o-y, historically high GWP, nearly 18% return on equity - these are the most impressive achievements of the PZU Group in the first three quarters of this year, Gazeta Ubezpieczeniowa reports.
22 November 2021POLAND: S&P Global Ratings rated PZU at A-
On November 3, S&P Global Ratings affirmed the rating of the PZU Group at A- with a stable outlook. According to the agency, the company maintained good financial results and a stable capital position, and the group's dominant market position, recognizable brand and diversified structure will allow for continued growth, both on local and foreign markets, Gazeta Ubezpieczeniowa reports.
8 November 2021POLAND: Saltus Insurance: the number of people covered by health insurance increased by 14%
Every year Poles choose personal insurance more and more, thus the number of people covered by health insurance increased by 14% as of now, and the number of group contracts for life protection increased by 6%. About 3.5 million people are using health insurance policies and almost 12 million are covered by group life insurance, Gazeta Ubezpieczeniowa reports.
1 November 2021Generali Poland has a new CFO
Beata SIWCZYNSKA-ANTOSIEWICZ is the new Generali Poland CFO, Generali CEE Holding announced in a statement on its website. She takes up the position of Member of the Management Board of Generali Poland as well.
20 October 2021POLAND: Ubea: September MTPL price reaches the highest level since November 2020
Car owners have been complaining about many increases recently. Besides high fuel prices, they have also started to feel an increase in the cost of compulsory third party liability insurance, Gazeta Ubezpieczeniowa reports.
19 October 2021POLAND: PZU: The pandemic has increased interest in insurance
The Covid-19 pandemic has increased interest in life and health insurance, noted Malgorzata SADURSKA, a PZU board member during the discussion at Congress 590 on how the financial market responds to the new fears and needs of Poles, Gazeta Ubezpieczeniowa reports.
11 October 2021POLAND: PLN 500 million more for this year's subsidies to agricultural insurance
The Ministry of Agriculture and Rural Development announced that the amount of subsidies to premiums for insurance of crops and livestock allocated in the state budget for 2021 has been increased, Gazeta Ubezpieczeniowa reports.
4 October 2021UNIQA finalized the merger of ex-AXA subsidiaries in CEE
Austrian insurer UNIQA announced it successfully concluded the merger of its units with the former AXA subsidiaries in Poland, Czech Republic and Slovakia acquired a year ago for a total cash consideration of EUR 1.0 billion.
28 September 2021STATISTICS: POLAND, 1H2021: increased mortality caused by the pandemic affected technical result on life insurance
After the challenging year 2020, when Polish insurers' business decreased by about 8.3% y-o-y, the first half of 2021 showed signs of recovery that resulted in a positive dynamic, GWP growing by 8% y-o-y, to EUR 7.6 billion, data provided by the Polish Chamber of Insurance (PIU) show.
23 September 2021POLAND: Insurers decide to pay dividends
The position of the Polish Financial Supervision Authority on the dividend policy of insurance and reinsurance companies, adopted in December last year, allowed them to share profit from the last two years with shareholders. Companies eagerly took advantage of this opportunity, Gazeta Ubezpieczeniowa reports with reference to Dziennik Gazeta Prawna.
8 September 2021VIG and C-Quadrat launched a joint venture investment fund company in Poland
Austrian insurer Vienna Insurance Group announced in a statement it launched together with C-Quadrat Investment Group a joint venture investment fund company in Poland: VIG / C-QUADRAT TFI S.A.
24 August 2021POLAND: VIG Polska maintains a stable fourth position among the leading insurance companies
Despite the difficult environment - a pandemic, violent weather phenomena, progressing market consolidation - the Polish operations of Vienna Insurance Group in the first half of the year are successful, especially in terms of sales, Gazeta Ubezpieczeniowa reports.
24 August 2021POLAND: Poland in the top five most dangerous roads in Europe
The PIU (Polish Chamber of Insurance) survey shows that 91% of drivers are confident in their driving skills. However, this exact behavior brought Poland to one of the last places in the ranking of the safest roads in Europe, Gazeta Ubezpieczeniowa reports.
16 August 2021Poland: Concordia and Generali merged
Polish non-life insurers Concordia Polska T.U.S.A. and Generali T.U.S.A. have merged on the 30th of July 2021, as Generali CEE Holding announced in a statement.
3 August 2021Third edition of the Safe Highway campaign organized in Poland by Compensa-VIG and the Road Safety Center
Compensa TU SA Vienna Insurance Group, one of the Polish subsidiaries of the Austrian group, in cooperation with the Road Safety Center is currently organizing the third edition of the Safe Highway social campaign, an action that, apart from safe driving on highways and expressways, places emphasis on the health aspect of drivers
28 July 2021NN Group is eyeing MetLife's Greek and Polish subsidiaries
Dutch NN Group NV offered to acquire part of MetLife Inc.'s businesses in Europe, saying the move is in line with its strategy to consolidate leading positions in attractive growth markets, Bloomberg reports.
30 June 2021STATISTICS: Polish insurers' GWP expanded by more than 5% y-o-y in Q1 2021
The largest CEE insurance market posted aggregate GWP of PLN 17.6 billion (EUR 3.8 billion) at the end of March 2021, 5.33% more y-o-y according to the quarterly statistics published by Polish KNF (Financial Supervision Authority). At the same time, claims and benefits paid by local insurers decreased by ~3% y-o-y to PLN 10.2 billion or EUR 2.2 billion.
30 June 2021POLAND: TUW PZUW to receive over PLN 1 billion of GWP by 2024
GWP growth, expansion of the offer of new products, programs and training for the insured to minimize risks are the strategic goals of TUW Polskie Zaklad Ubezpieczen Wzajemnych (TUW PZUW) for the next four years, summarized in the "Dzienniku Gazecie Prawnej", the company said in its press release.
26 May 2021STATISTICS: Polish insurers' aggregate business has stagnated during 2020
The largest CEE insurance market ended 2020 with aggregate GWP worth PLN 63.42 billion (~EUR 13.74 billion), down by 0.6% y-o-y, according to the year-end figures from the Polish Financial Supervision Authority (KNF).
1 April 2021ALLIANZ wins the race for acquiring Aviva's Polish business in a EUR 2.5 billion deal
Aviva's announcement of today has put an end to the wave of speculations on its Polish unit sale: the winner of this race was Allianz, who acquired Aviva's entire shareholding in Aviva Poland for a cash consideration of EUR 2.5 billion, valuing the acquired business at EUR 2.7 billion.
26 March 2021
