Commerical Union enjoys high premiums and low insurance claims

Commercial Union Polska (CUP) a leading insurer said the value of its premiums rose by 7.5% over the first six months of the year because of stronger demand for insurance products. Premiums at CUP rose to zł.890 million by the end of June, the company's representatives revealed yesterday. At the same time insurance claims and payouts fell by 5.8% to zł. 403.3 million. Net profits have more than doubled to reach zł. 202 million in Q2. The financial stand of the company is gradually improving, but Maciej Jankowski, deputy president of CUP's finance department, refrained from making any prognosis for the following months. (Parkiet, p. 6) J.J.