BRE Bank to open its own insurance company

The enterprise will have a capitalization of zl.33 million, of which zl.7 million will be invested into insurance agent Service Platform, which will be responsible for sales of other insurance companies products. BRE Insurance will offer some extra services to the products sold by Service Platform, which are not offered by those other companies. The offer will be addressed to the clients of mBank and Multibank, which are owned by BRE Bank. It is estimated that their clients spend zl.3 billion annually on various insurance products. It is expected that Service Platform, will break even within a year, while the whole project will need three years to reach profitability. BRE U will start by offering property insurance and then move on to offer car insurance. In the long run, it hopes to offer a wide range of products. (Puls Biznesu, p. 8) J.L.