German insurer plans to gain large share of domestic market

In order to achieve this ambitious plan, the company hired Alojzy Choda as president, the former head of Gerling who specializes in this field. Moreover, Gerling plans to withdraw operations from this sector. By increasing cooperation with travel agencies, Signal Iduna will simultaneously increase its market share in servicing the small and medium sized enterprise sector, in which it specializes. Within three years it also plans to become one of the leading five insurers servicing the SME sector. Shareholders in Signal Iduna have made a decision to increase the company's capital by zł.15 million. (Puls Biznesu, p. 8) A.K.