German insurance company to enter Poland

HanseMerkur, Germany's travel insurance company has been preparing itself to enter the Polish market, Puls Biznesu daily reported. The firm has already employed a Polish manager responsible for the expansion, who specializes in tourism. HanseMerkur has been looking into the Polish market for years. "I cannot confirm nor deny our plans regarding entering Poland," Heinz-Gerhard Wilkens, the firm's spokesmen said. "The Germans committed a small budget for Poland and they want to focus primarily on selling insurance for travel agencies' customers," said one of experts cited by the daily. The annual turnover of the the firm is €836 million.