MTU to offer property insurance to less affluent clients

A new insurer, Moje Towarzystwo Ubezpieczeniowe (MTU), which is part of the Ergo Hestia Group will open for business in June. The new firm will be responsible for property insurance and is to target less affluent clients. For the time being, MTU management declined to give more information. "Any details on the new insurer will be announced after the management board confirms final operational plan," said MTU sales and marketing director Pawel Szydlowski. MTU has zl. 57 million in capital as well as a license to sell many types property insurance, excluding guarantees. The company is planning to sell cheap and simple products for the mass market. "It is good that such a new concept has appeared. However, it remains to be seen if the segment MTU is going to target will be big enough, and what the real costs of reaching the clients are," said the president of the Insurance Brokers Corporation (PKU) Dariusz Berus. (Puls Biznesu, p. 5) A.Z.