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.

At 31 December 2018, Gothaer held the 11^th place in the Polish non-life insurance company ranking, with a market share of 1.84%. VIG's purchase of Gothaer, followed by the TUW "TUW" stake acquisition at the beginning of this year, push VIG towards achieving their goal of a 10% market share in Poland. According to December 2018 figures, the first 3 insurance companies in terms of non-life GWP in Poland held more than 60% of the market, while the life insurance sector was heavily dominated by only one insurance company, with over 38% of market share alone.

Last year, Gothaer wrote PLN 743 million (~EUR 173 million) in premiums, an increase of 19.4% (15.8% increase when denoted in EUR currency) in subscription activity, while paying PLN 358 million (~EUR 83 million) in claims and insurance benefits. Gothaer improved their combined ratio in 2018, to 91.1%, a significant decrease compared to the 2017 combined ratio of 100.4%. Capital adequacy ratio stood at 163% in 2018, the highest value since the Solvency II regime was introduced.


You can learn more about Polish insurance market in our newly released 2018 analysis of Poland and CEE insurance markets:

• CEE markets FY2018
• Poland FY2018
• Poland country profile