Cigna STU looks for development possibilities in niches

By the end of September the insurance company had managed to collect premiums of zł.263 million, which is an increase by over 27% compared to the same period in 2004. The increase is much higher than the market average. Jan Bogutyn, Cigna STU's president, estimates that the growth rate will remain the same till the end of the year. He emphasized that the company is trying to diversify its portfolio by looking for development possibilities in various niches. Bogutyn claims that for the whole of 2005 the company's net profit should amount to zł.12 million. Currently, Cigna STU is planning to strengthen its position in the medical insurance sector. This year premiums from this sector amounted to about zł.3 million, which means that health insurance constitutes only about 1% of the company's portfolio. (Parkiet, p. 4) A.F.