Michael KRUPINSKI, head of PZU, awarded "Insurance Manager of the Year 2016" in Poland

Michael KRUPINSKI, head of the Polish insurance leading group, PZU, has been awarded "Insurance Manager of the year 2016" by the national financial journal "Gazeta Bankowa", while the company won the "Most friendly insurance company" award in the category of motor insurance. The awards have been granted in recognition of PZU's impressing financial evolution last year, as well as of its customer centric culture.

"It is impossible not to appreciate the momentum and dynamics presented by PZU in 2016," the jury has motivated its decision. In fact, 2016 was a particularly good year of the Polish financial group, including its insurance units. PZU has made two important acquisitions in the banking field, becoming an important shareholder of the Pekao and Alior banks, taking steps in fulfilling its strategic goal of becoming one if the Top 5 banking players in Poland. On the other hand, the group has developed the Witelo Fund - a fund designed to provide for the Polish innovative know-how and major technology investors. In addition, TUW PZUW, the youngest company in the PZU Group, was established last year as a large mutual insurance company which will operate mainly on the energy segment.

In the financial sphere, since the Michael KRUPINSKI's mandate beginning, PZU succeeded in increasing its consolidated net profit in Q3 by over 27% y-o-y, by reducing fixed costs while improving income. PZU's President of was also positively evaluated the new dividend policy. All these initiatives resulted in a valuation of the company, whose shares since the announcement of the new strategy in August 2016 rose by nearly 23% (30% excluding the September cut-off value of dividends).

"I'm honored and at the same time very satisfied that our work is not only noticed, but also rewarded by the industry, as members of the jury were representatives of other insurance companies. I want to emphasize that the awards are merit of the whole team PZU. I promise that both awards will mobilize all of us for the consistent implementation of its objectives. I am convinced that in the coming years, PZU will continue to be placed as a model to follow," stated Michal KRUPINSKI in his acceptance speech.

The "Most friendly insurance company" and "Insurance Manager of the Year" awards are granted every year by "Gazeta Bankowa", based on dedicated questionnaires filled out by the insurers and the decision of the jury.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

POLAND: insurance brokers have mediated GWP of EUR 1.7 billion in 2017

The total number of insurance brokers licensed in Poland at the end of 2017 was of 1,416. Throughout the year, 34 deletions from the register of insurance brokers were made, a Polish Financial Supervision Authority's Report on the condition of the brokerage market in 2017 shows.

2018-12-13

ON THE MOVE

AIG Life Limited (UK) announces the appointment of a new CEO

AIG Life Limited (UK) announced the appointment of Philip WILLCOCK - the former CEO of AVIVA's Indonesian and Italian ventures - as CEO, subject to regulatory approval, effective March 1, 2019. He will be based in London and will report to Adam WINSLOW, CEO, International, Life & Retirement.

13.12.2018

Sylva de FLUITER takes over as head of UNIQA Re AG

Sylva de FLUITER will take over as head of UNIQA Re AG in Zurich as of 1 January 2019, the Austrian group announced. Until year end she will work hand in hand with long-time Managing Director Hans Uwe MULLER, who will retire after 14 years at UNIQA Re.

12.12.2018

MERCER to name Bala VISWANATHAN Chief Operating Officer

MERCER, the consulting subsidiary of MMC - Marsh & McLennan Companies, announced that Bala VISWANATHAN, CEO of Jardine Lloyd Thompson Group plc (JLT) UK & Ireland Employee Benefits, will join MERCER as Chief Operating Officer.

12.12.2018

TOP EVENT

Reducing the risks in agriculture by using insurance means, discussed in Skopje

On November 1st, an Agricultural insurance conference took place in Skopje, Macedonia, organized by the Insurance Supervision Agency in cooperation with the Ministry of Agriculture, Forestry and Water Economy. Drawing attention to the necessity of reducing the risks in agriculture by using insurance was the event's main purpose.

06.11.2018

IIF 2018 - Insurance in a DIGITAL WORLD

Emmanuel DJENGUE, Innovation Director, Europe - RGAX, Spain is the Keynote Speaker at IIF 2018 - Insurance in a DIGITAL WORLD Conference in Bucharest, on November 27.

05.11.2018

See all