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