A new life insurance company will launch in CZ & SK markets

27 March 2019 — Cosmin CONCEATU
Youplus, a new life insurance company, will launch in the Czech and Slovak insurance markets in May 2019. Youplus will begin operation in the Czech Republic the first half of 2019 and enter the Slovak market in the second half.

Youplus is part of Swiss-based InsurEvolution. The holding's owners are 85% Klaus MUTSCHLER and 15% Hannover Re. Youplus will start activities in Czechia and Slovakia under the trademark of Liechtenstein-based Aspecta Assurance International AG. By the end of 2019, the company will be rebranded as Youplus.

Part of the launch in the Czech and Slovak markets will be the takeover of Basler branches. The company portfolio and activity will be transferred to Youplus, while Basler's contracts are serviced by the new company.

"The CEE region still has enormous potential for growth in life insurance segments. After an evaluation, we decided to enter the Czech and Slovak markets because it offers an appealing potential for long-term business growth. Moreover, these are markets are strongly supported by technical innovations, complex products and a high degree of professionalism of distribution channels," said Martin VOGL, Chairman of the Board of Directors, Swiss Insurevolution Partners Holding (CH) AG.

More information and contact details can be found on the Youplus website - www.youplus.cz

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