Poland
POLAND: Telemedico digital health platform will be founded with EUR 5.5 million
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.
3 February 2021Aviva's businesses in France and Poland for sale for a total consideration of about EUR 5.5 billion
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.
28 January 2021STATISTICS: Polish insurers' Q3 profits decreased by 13% y-o-y
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.
21 January 2021Poland: KNF approved the merger of GENERALI non-life insurers
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.
21 January 2021DELOITTE assisted VIG in taking over AEGON's units in Hungary, Poland, Romania and Turkey
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
13 January 2021POLAND: rules for divident payouts in 2021 issued by the KNF
KNF, the Polish authority for the financial markets' supervision has issued on 16 December a document concerning the dividend policy in 2021 for financial companies, including insurance companies, reinsurance companies and insurance and reinsurance companies.
17 December 2020TALANX share to be delisted from Warsaw Stock Exchange
German insurer TALANX informed it aims to delist the TALANX share from the Warsaw Stock Exchange.
14 December 2020POLAND: Border motor policies issued in 2019 decreased by half
During 2019, almost 3.9 million vehicles registered outside the European Economic Area (EEA) entered Poland through its eastern borders with Belarus, Russia and Ukraine. Although the traffic at these borders remains high, the number of border policies issued during 2019 dropped by half when compared to 2018, Polish Motor Insurers' Bureau (PBUK) informs.
8 December 2020HODGKISS to replace FEDYNA as President & CEO of GENERALI Poland
GENERALI CEE Holding announced that during the Supervisory Board held last week on 19th November 2020, Roger HODGKISS was nominated, with immediate effect, new President of the Management Board and CEO of GENERALI Poland insurance companies.
23 November 2020AEGON to leave CEE markets, rumors say
Dutch insurer AEGON has put its CEE units - including Poland, Romania, Hungary and Turkey -, up for sale, Reuters wrote citing sources close to insurer.
29 October 2020POLAND: PZU provides 200 life-bands to hospitals in the fight against coronavirus
PZU will provide another 200 so-called life bands to hospitals that treat patients with COVID-19. The first such devices were delivered to institutions in May. The life band is an innovative solution on a global scale that analyzes the key vital parameters of patients and alerts medical staff in the event of a life threatening situation.
21 October 2020PZU extends its MTPL policies coverage for the losses caused by the insureds while using other personal transport devices
PZU's MTPL policyholders will benefit from a supplement to their insurance consisting in an additional coverage for the material and personal damages caused by the insured while using a bicycle or other personal transport devices as light electric vehicles.
15 October 2020STATISTICS: POLAND, 1H2020: 7% y-o-y decline of the market net profit, but still a market of over EUR 7 billion at mid-year
Polish insurers ended the first half of 2020 with a 6.7% y-o-y decline of the GWP volume, to EUR 7.05 billion. In absolute terms, this means an about EUR 512 million drop in the market premiums turnover, almost equally divided between the life and non-life segments. Yet, given the about 5% depreciation of the Polish currency against Euro, the market results denominated in local currency look much better, showing just a 2% depreciation of the GWP volume.
1 October 2020POLAND: KNF gives consent for UNIQA to take over Polish branches of AXA
During its meeting on September 17, 2020, the Polish Financial Supervision Authority approved the acquisition of AXA businesses from Poland by UNIQA Group.
28 September 2020POLAND: PZU launches civil liability insurance product for cyclists and scooter users
PZU announced a new product that will cover the damages caused by the holders of motor third party liability insurance also while driving a personal transport device - in short the UTO. This includes bicycles, segways and scooters which are becoming more and more popular in Poland.
24 September 2020POLAND: PZU Auto Ochrony Prawna, a new service for fleet and leasing customers
PZU Group announced that from mid-September, PZU Auto has an additional variant of Legal Protection insurance. Thanks to it, drivers get quick and easy access to legal services in Poland and Europe.
24 September 2020POLAND: Gefion's MTPL contracts remain valid, KNF announces
Financial Supervision Authority of Poland announced that motor third party liability insurance contracts concluded or renewed until March 24, 2020 remain valid, and Gefion is obliged to consider reported claims and pay due compensation.
3 September 2020XPRIMM TIME FOR BUSINESS How did the Polish market cope with Covid crisis' challenges and what are the expectations for the future?
"At this point we do not see a strong effect yet on the financial figures of the insurance companies, but this is mainly due to the long-term nature of the business", Iwona SZCZESNA, the Head of the PIU (Polish Chamber of Insurance) Brussels Office stated at the microphone of the XTB show aired on 2 September. She added that "usually people buy insurance for the whole year, so we will see the impact on the financial figures in three to six months from now."
3 September 2020POLAND: VIG and C-Quadrat establish joint venture to offer asset management services
C-Quadrat Investment and the Polish insurance companies of Vienna Insurance Group have founded "VIG C-Quadrat", a joint venture located in Warsaw.
13 August 2020STATISTICS: POLAND, 1Q2020: Insurance market grew 2.4% y-o-y
Insurance companies in Poland underwrote gross premiums of PLN 16.74 billion (EUR 3.68 million*) in the first three months of 2020, up 2.4% year-over-year, the country's Financial Supervisory Authority (KNF) said in a report.
6 August 2020
