Generali SpA

    PREMISES & GLOBAL SERVICES

    Poland

    The Generali Group in Poland is a partner to 2.7 million customers. It has had a presence in the country since 1998.

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    Gross written premiums
    € 638 mln
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    Life Market share
    4.2%
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    P&C Market share
    4.8%
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    Ranking
    #5
     

    Generali Group in Poland provides life, P&C insurance, pension and investment products to individuals and commercial entities. At the end of 2018 Generali acquired Concordia Polska (specialising in agriculture insurance) and Concordia Capital (life protection), which joined the group of existing 4 companies: Generali Towarzystwo Ubezpieczeń S.A., Generali Życie Towarzystwo Ubezpieczeń S.A., Generali Powszechne Towarzystwo Emerytalne S.A. Generali Finance Sp. z o.o. In October 2019 Generali Życie Towarzystwo Ubezpieczeń S.A. merged with Concordia Capital. The acquisition of an asset management company Union Investment was completed in July 2019 and rebranded to Generali Investments.

    In 2019, Generali Group remained strong 5th position on the Polish market. Generali Poland aims at long-term cooperation with clients by providing comprehensive protection of their assets at every stage of their lives. Generali Poland reported €638 million of GWP in 2019 and was a working place for 1,600 employees. P&C Gross Written Premiums totaled €461 million, while Life insurance premiums amounted to €207million. In 2019 Generali Investment reported €33million sales revenue. Generali Poland has successfully implemented the strategy of profitable growth and expansion in non-motor segments. Year 2019 Generali Poland reported record year both in premium and profitability since its foundation.