Austria’s Uniqa looking to take more from the Polish market
In 2024, Austrian insurer Uniqa grew its Polish business by nearly PLN 1 billion, reaching PLN 5.5 billion in gross written premiums—a 20% year-over-year increase. CEO Marcin Nedwidek emphasizes that this growth was achieved without sacrificing profitability; the company posted the lowest cost ratio (COR) in the market at 87.6%.
Following its merger with AXA, Uniqa streamlined operations, expanded its sales network, and focused on organic growth. With strong positions in retail, corporate, and bancassurance, Uniqa now aims to boost its presence in life and autocasco insurance, especially among mass-affluent clients. Poland is the group’s second-largest market, contributing 40% of Uniqa Group’s gross profit. The company remains open to acquisitions but prioritizes organic expansion.
(pb.pl)
