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.

"Thanks to an innovative strategy focused on clients, we continue to dynamically develop our business on the promising Polish market. I congratulate my colleagues from Poland that despite the ongoing consolidation on the market, thanks to strong organic growth, VIG Polska maintains a stable fourth position among the leading insurance companies", commented Harald Riener, member of the board of Vienna Insurance Group responsible for Polish operations.

According to the data published by VIG Polska, at the end of June 2021, the group's GWP reached almost PLN 3 billion*, which is 12% more than a year ago. The group's non-life business in Poland generated PLN 2,266.5 million (+11.3%). The sales leader was Compensa Majatek, which generated PLN 1,035.3 million, followed by InterRisk, with PLN 723 million.

In turn, the life business generated PLN 676.8 million in GWP with the biggest share (PLN 533.9 million) collected by Compensa Zycie (+16% y-o-y). Vienna Life's GWP also increased by 8%, reaching PLN 133.8 million. The life business in Poland brought the Group a positive financial result (PLN 19.4 million).

The total gross financial result of VIG Polska amounted to PLN 153.1 million, which included PLN 133.7 million from non-life companies and PLN 19.4 million from life insurance.

*1 EUR = 4.5208 PLN (30.06.2021)