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POLAND: BEDYNSKIEGO joins UFG'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.
5 December 2019POLAND: PKO Ubezpieczenia became member of UFG
At the end of November 2019, PKO Ubezpieczenia became the 30th member of the Polish Insurance Guarantee Fund (UFG).
5 December 2019GENERALI Poland annouced top management appointment
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.
26 November 2019Aleksandra AGATOWSKA appointed to PZU's Supervisory Board
On October 23, 2019, the PZU's Supervisory Board adopted a resolution regarding the appointment of Aleksandra AGATOWSKA to the Management Board, giving her the function of Member of the Management Board of PZU SA.
24 October 2019STATISTICS: POLAND, 1H2019: insurers wrote EUR 7.6 billion in GWP, 2.65% more y-o-y
The flagship market of the CEE region, Poland, ended the first half of 2019 with only a modest increase in GWP, of 2.65%, to EUR 7.56 billion. The positive trend was entirely due to the GWP growth on the non-life side (5.36% up, EUR 5.07 billion).
3 October 2019POLAND: Insurance Guarantee Fund has a new President
The Council of the Insurance Guarantee Fund of Poland (UFG) unanimously adopted on 19 September 2019 a resolution on the appointment of Malgorzata SLEPOWRONSKA, currently member of the board, as the President of UFG.
25 September 2019The PZU Group, 1H2019: EUR 2.8 billion in GWP and EUR 345 million net profit for the parent company
The PZU Group has achieved in 1H2019 the highest net financial result attributed to the parent company for the first half of the last five years, of PLN 1.48 billion, while the group's efficiency ratios were better than planned.
29 August 2019POLAND: Guarantee Fund will grant new benefits to motor accidents victims
Insurance Guarantee Fund of Poland (UFG) announced it will be compensating the victims of accidents from the past years, in the cases where insurers' motor liability insurance funds have been exhausted.
29 August 2019POLAND: 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.
7 August 2019PZUW 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.
18 July 2019STATISTICS: 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.
4 July 2019POLAND: 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.
27 June 2019GENERALI 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.
19 June 2019Green 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.
10 June 2019POLAND: 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.
30 May 2019POLAND: 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.
30 May 2019POLAND: 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.
15 May 2019POLAND: 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.
9 May 2019POLAND: 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.
25 April 2019POLAND: 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.
11 April 2019
