Generali doubles non-life premium collections with hard drive on car policies

The result represents a 110% boost on last year's receipts. "We seek development of the non-life division in the car insurance segment. The increase in contributions is due in large part to dynamic sales of these policies," says Jarosław Mastalerz, a member of board at Generali. Currently car policies amount to around 50% of the company's portfolio, an increase from 24% last year. By the end of the year Generali plans to collect between zł.260-280 million gross in the non-life segment. The need for quick development and immediate investment in an improved distribution network led to the company dropping zł.15 million into the red and the loss is expected to further increase by the year's end. (Puls Biznesu, p. 4) A.K.