Polish insurer PZU informed
the the Supervisory Board positively evaluated the group's Management Board's motion to PZU's Ordinary Shareholder Meeting on the distribution of PZU's net profit for the year ended 31 December 2019.
Polish insurance group PZU (Powszechny Zaklad Ubezpieczen Spolka Akcyjna informed that on 6 April 2020 S&P Global Ratings changed the insurer' rating outlook from "Positive" to "Stable". At the same time, the agency affirmed PZU SA's financial strength rating at an unchanged level of "A-".
Despite that the Polish insurance market is the largest in CEE Region, it is still a market with huge potential, according to Roger HODGKISS, member of the top management team of GENERALI Poland being responsible for the P&C sales network and marketing of GENERALI and PROAMA.
In a letter issued on March 25th, PIU - the Polish Chamber of Insurance responded to the Financial Ombudsman's proposal of solutions aimed at supporting policyholders. In PIU's opinion, any hasty actions that directly affect the solvency of companies, in the event of a long and deep crisis, will harm the interests of victims and the stability of the insurance market.
The largest CEE insurance market reported positive dynamic in terms of premiums, according to the year-end figures from the Polish Financial Supervision Authority (KNF).
KNF - the Polish Financial Supervision Authority announced some measurers in order to support the local insurance industry in response to the crisis generaded by COVID-19.
PZU SA announced in March 2020 the appointments of Beata KOZLOWSKA-CHYLA and Malgorzata KOT to the Management Board of the company.
On March 12, 2020, PZU announced the resignation of Pawel SUROWKA, President of PZU Group. During his leadership, PZU Group's net profit doubled, ROE increased by 40%, while the premiums written went up 20%.
PZU Group achieved in 2019 the best results in its history on the stock exchange, the Polish group reported citing as main coordinates of its success the highest net profit, the highest sales and the largest employee involvement.
PZU joins the fight against coronavirus in Poland, by offering free access to medical advice for all citizens whether they are PZU clients or not. PZU Zdrowie, one of the largest private medical operators, will provide free help to those who are worried about their health in connection with the threat of coronavirus.
The President of the Management Board of GENERALI Polska companies Andrea SIMONCELLI was recognized by Gazeta Bankowa as the Insurance Manager of the Year. This title was awarded by the Competition Jury for successful acquisitions and consolidation of the insurance market in Poland, as the Italian insurer informed in a statement.
Representatives of the 12 largest and most dynamic enterprises in the CEE - among which the PZU and TRIGLAV Groups -, have signed in Davos a memorandum forming the Business Council of Growing Europe, an initiative that will promote CEE as an attractive destination for investors and to support cooperation between business leaders from the region.
Polish subsidiary of NN announced the appointment of Magdalena MACKO-GIZINSKA as member of the board and Chief Customer Officer, starting January 2020.
The Polish Insurance Guarantee Fund Council appointed Marek Niechcial as a member of the management board of UFG.
Dagmara WIECZOREK-BARTCZAK was appointed Deputy Chairman of the Polish Financial Supervision Authority, in charge with KNF Office for supervision over the insurance sector, starting December 2019.
Polish insurers have achieved GWP of PLN 47 billion (EUR 10.74 billion) in 3Q and paid PLN 30.7 billion to injured parties and clients - meaning, in average, about EUR 1 million per hour. Overall, GWP went up by 1.47% in local currency, while claims expenses decreased by 0.9%.
On December 13, 2019, during the meeting of the Supervisory Board of Generali TU SA, Roger HODGKISS was appointed as Member of the Company's Management Board.
The Council of Insurance Guarantee Fund (UFG) of Poland appointed Radoslawa BEDYNSKIEGO as member of the management board of UFG, effective January 1st, 2020.
At the end of November 2019, PKO Ubezpieczenia became the 30th member of the Polish Insurance Guarantee Fund (UFG).
Starting with 25 November, Roger HODGKISS is joining the top management team of GENERALI Poland being responsible for the P&C sales network and marketing of GENERALI and PROAMA.