After the challenging year 2020, when Polish insurers' business decreased by about 8.3% y-o-y, the first half of 2021 showed signs of recovery that resulted in a positive dynamic, GWP growing by 8% y-o-y, to EUR 7.6 billion, data provided by the Polish Chamber of Insurance (PIU) show.

The position of the Polish Financial Supervision Authority on the dividend policy of insurance and reinsurance companies, adopted in December last year, allowed them to share profit from the last two years with shareholders. Companies eagerly took advantage of this opportunity, Gazeta Ubezpieczeniowa reports with reference to Dziennik Gazeta Prawna.

Austrian insurer Vienna Insurance Group announced in a statement it launched together with C-Quadrat Investment Group a joint venture investment fund company in Poland: VIG / C-QUADRAT TFI S.A.

Despite the difficult environment - a pandemic, violent weather phenomena, progressing market consolidation - the Polish operations of Vienna Insurance Group in the first half of the year are successful, especially in terms of sales, Gazeta Ubezpieczeniowa reports.

The PIU (Polish Chamber of Insurance) survey shows that 91% of drivers are confident in their driving skills. However, this exact behavior brought Poland to one of the last places in the ranking of the safest roads in Europe, Gazeta Ubezpieczeniowa reports.

Polish non-life insurers Concordia Polska T.U.S.A. and Generali T.U.S.A. have merged on the 30th of July 2021, as Generali CEE Holding announced in a statement.

Compensa TU SA Vienna Insurance Group, one of the Polish subsidiaries of the Austrian group, in cooperation with the Road Safety Center is currently organizing the third edition of the Safe Highway social campaign, an action that, apart from safe driving on highways and expressways, places emphasis on the health aspect of drivers

Dutch NN Group NV offered to acquire part of MetLife Inc.'s businesses in Europe, saying the move is in line with its strategy to consolidate leading positions in attractive growth markets, Bloomberg reports.

The largest CEE insurance market posted aggregate GWP of PLN 17.6 billion (EUR 3.8 billion) at the end of March 2021, 5.33% more y-o-y according to the quarterly statistics published by Polish KNF (Financial Supervision Authority). At the same time, claims and benefits paid by local insurers decreased by ~3% y-o-y to PLN 10.2 billion or EUR 2.2 billion.

GWP growth, expansion of the offer of new products, programs and training for the insured to minimize risks are the strategic goals of TUW Polskie Zaklad Ubezpieczen Wzajemnych (TUW PZUW) for the next four years, summarized in the "Dzienniku Gazecie Prawnej", the company said in its press release.

The largest CEE insurance market ended 2020 with aggregate GWP worth PLN 63.42 billion (~EUR 13.74 billion), down by 0.6% y-o-y, according to the year-end figures from the Polish Financial Supervision Authority (KNF).

Aviva's announcement of today has put an end to the wave of speculations on its Polish unit sale: the winner of this race was Allianz, who acquired Aviva's entire shareholding in Aviva Poland for a cash consideration of EUR 2.5 billion, valuing the acquired business at EUR 2.7 billion.

Italian insurer Generali has submitted a bid for the Polish assets of London-based insurer Aviva AV.L, Reuters reported quoting a source familiar with the matter on Monday. Aviva Poland is the country's second largest life insurer and the mother company of other five financial services providers.

Interational media wrote that the UK group insurer AVIVA intends to exit the Polish insurance market. German insurer ALLIANZ, the Dutch financial group NN and the Italians from GENERALI are the potential buyers, Reuters reported .

Beesafe, the digital brand of the Vienna Insurance Group's (VIG) Polish subsidiary, has deployed Guidewire Software, a platform general insurers trust to engage, innovate, and grow efficiently, to underpin its business processes and drive its digital insurance model, the companies have announced.

Flashpoint Venture Capital, Uniqa Ventures, PKO VC, Black Pearls VC (an existing investor) and Adamed have funding Telemedico platform by EUR 5.5 million (approx. USD 6.6 million). The platform includes consultations with a doctor via chat, video or telephone; AI-triaging and coordination; and booking of in-person visits and blood testing.

British insurer Aviva has set deadlines in late February to receive final offers for its operations in France and Poland that are worth an overall EUR 5.5 billion, Reuters reported quoting three sources familiar with the matter that spoke to it on condition of anonymity.

GENERALI has almost completed the integration process with CONCORDIA after KNF - The Polish Financial Supervision Authority approved the merger of its two non-life insurers - GENERALI and CONCORDIA Polska.

Polish insurance market totaled PLN 46.5 billion (EUR 10.2 billion) at the end of September 2020, down by 1% y-o-y, according to the quarterly market figures published by The Polish Financial Supervision Authority (KNF). At the same time, claims and benefits paid by local insurers decreased by ~4% y-o-y to PLN 29.5 billion EUR 6.5 billion.

DELOITTE assisted the Austrian insurer VIG in taking over the units of the Dutch financial group AEGON in Hungary, Poland, Romania and Turkey, informed the Romanian insurance news portal www.1asig.ro here