Tuesday , February 25 2020
Home / austria / VIG is buying in Poland AssCompact

VIG is buying in Poland AssCompact

InterRisk received all sections of the French MACIF Group in the general insurance company, Towarzystwo Ubezpieczeń Wzajemnych (TUW). This will increase the division of the VIG sector in a non-life industry in Poland to around seven per cent.

<! – –



Poland is one of the countries in which VIG plans to achieve a market share of at least ten per cent over its period. medium term. In the first three quarters of 2018, the Polish Group companies won the third highest book – after Austria and the Czech Republic – at EUR 670 million. With the entry to "TUW", one "start" is a strategic partnership to use our strengths for members of this insurance company, "says Franz Fuchs, a member of the board of the VIG and a country that is responsible for Poland.

InterRisk created a huge value of 184 million euros in the first three quarters of 2018. Thanks to the "TUW" business reward, it is expected that there will be a value of around € 70 million. The "TUW" is a landowner based insurance company in Warsaw and about 100 branches across Poland, specializing in local communities, agricultural and church facilities.

Photograph: Robert Newald

Source link