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Poland 1Q2019 Insurance Companies Rankings
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POLAND: less than 0.5% of all registered vehicles are not covered by a MTPL policy
According to the Polish Insurance Guarantee Fund's estimations, there may be about 80-90,000 vehicles in use without a valid MTPL policy, which is 0.4 - 0.5% of all registered vehicles. This percentage places Poland among the CEE countries with the highest degree of insurance coverage, together with Slovenia the Czech Republic and Hungary.
2019-08-07PZUW is the second fastest-growing mutual insurer in the world
PZUW, the mutual insurance arm of the Polish PZU Group, is the second fastest growing mutual insurance company in the world, the latest edition of the Global 500 report prepared by the International Federation of Cooperative Insurance and Mutual Insurance Companies (ICMIF) shows.
2019-07-18STATISTICS: POLAND: Almost EUR 4 billion in GWP after the first quarter
Polish insurers' aggregate GWP was up by 0.6% y-o-y to PLN 16.35 billion (~EUR 3.80 billion) in the first quarter of 2019, financial indicators from the Polish Financial Supervision Authority (KNF) showed. Official figures also revealed that the amount of paid claims/indemnities during the period was PLN 10.2 billion, representing a decrease of 2.7% y-o-y.
2019-07-04POLAND: Motor accidents caused by Poles abroad increased 15.3% in 2018
The Polish Motor Insurers Bureau (PBUK) counted over 75,200 motor accidents abroad caused by vehicles with Polish registration plates for 2018. This means over 200 accidents abroad every day in 2018.
2019-06-27GENERALI completed acquisition of Union Investment TFI S.A. in Poland
GENERALI finalized the completion of the transaction with German Group Union Asset Management Holding AG to acquire Union Investment TFI S.A. in Poland. GENERALI has received the required approvals from all relevant regulatory bodies and competition authorities.
2019-06-19Green light for the Generali and Concordia merger in Poland
The Polish Financial Supervision Authority agreed to the merger of Generali Zycie and Concordia Capital. Maciej FEDYNA, Member of the Management Board of Generali Polska, will perform the function of President of the Management Board of the Concordia Polska Mutual Insurance Society.
2019-06-10POLAND: Indemnities for floods paid in under 24h
Recent floods from intensive rainfall in southern Poland resulted in massive mobilization from local authorities and insurance companies. Insurers took special measured to make claims liquidation faster and easier for those affected by the weather conditions.
2019-05-30POLAND: Gothaer TU rebrands to Wiener TU VIG
Gothaer's Polish subsidiary announced rebranding under the name Wiener TU VIG, after the German company was officially bought by Vienna Insurance Group (VIG) at the end of February 2019. The shift towards the new name and logo should be complete by the end of June this year.
2019-05-30POLAND: 2.6 million Poles chose private health insurance in 2018
By the end of 2018, there were 2.6 million Poles, who purchased private health insurance, a number exceeding 2.5 million for the first time in history, Polish Insurance Association (PIU) reports.
2019-05-15POLAND: KNF drew attention over Motor insurance premiums
The Polish Financial Supervision Authority (KNF) emphasized the adequacy of motor insurance premiums, for class 3 (Casco/Motor Hull) and class 10 (mandatory MTPL), since this group constitutes a significant part of the Polish market portfolio.
2019-05-09POLAND: Warta implementing two A.I. projects
Poland-based insurance company Warta is working on two artificial intelligence solutions aiming to improve interactions between the company and customers for claims reporting. The software uses voice and image recognition and will be fully operational in the second half of this year.
2019-04-25POLAND: PZU Group successfully completed a pilot project of using A.I. in handling motor damage
Poland-based PZU Group announced that progress was realized on their PZU GO service, an innovative technology, which will support the insurer's employees and experts in motor claim handling. The time necessary for claim handling will be significantly shorten through the software.
2019-04-11POLAND: The Management Board of PZU Zycie SA appointed for a new term
The Supervisory Board of PZU Zycie SA appointed the Management Board of the company, including its president Roman PALAC, for a new term, until December 31, 2022, the company said in an official statement.
2019-04-11PZU starts using AI to handle motor insurance claims aiming for tenfold increase of process efficiency
PZU successfully completed a pilot project of using artificial intelligence (AI) in handling motor damage claims, the company announced in a press release. PZU is the first insurer in Poland to implement this unique technology on such a scale.
2019-03-28STATISTICS: POLAND, FY2018: increased profitability despite a stagnating GWP level and increasing claims expenses
In 2018, Polish insurers paid almost PLN 42 billion (EUR 9.7 billion) to injured parties and clients. That's 4.7% more than a year earlier. On the other hand, GWP decreased vs. 2017, totaling some PLN 62.17 billion (~EUR 14.5 billion), representing a -3.29% reduction.
2019-03-28The Polish Insurance Association opens a representative office in Brussels
On March 1 this year the Polish Insurance Association (PIU) opened its representative office in Brussels. Its aim is to actively participate in legislative work on the European forum and to represent the interests of the Polish insurance market.
2019-03-28PZU Group, FY2018: the highest annual net profit for 5 years
In 2018, PZU recorded a profit of PLN 5.4 billion at Group level, while parent company profit was PLN 3.2 billion (+11.0%). Total GWP reached PLN 23.5 billion (+2.7%) in 2018.
2019-03-14POLAND: KNF's head on regulator's goals
2019-03-13Arkadiusz GESICKI, appointed managing Director for Business Development at PZU
Arkadiusz GESICKI was appointed managing Director for Business Development at PZU, responsible for the Strategy and Design Office and the Business Development Office.
2019-03-07POLAND: MAK Group and STBU brokers merge creating the first broker with over PLN 1 billion mediated premiums
The management boards of the MAK Group and STBU announced the two brokers will merge, creating the biggest player in the intermediation segment. In 2018, the aggregated volume of intermediated premiums exceeded PLN 1 billion, a historical record.
2019-03-07
