Polish Post's insurance arm expects to deliver premium market position

"In the first stage we were only insuring the assets of PP. Currently we are launching the second and third stages at the same time, which means entering the external markets of PP's employees and any other client," said Zbigniew Pusz, president of TUW. In 2005 the company is planning to collect gross premiums amounting to zł.24 million, while last year the figure was zł.7 million smaller. "According to the strategy we intend to become a company ranked in the middle of the top ten insurers in Poland. Modest estimates envisage premium collection of zł.200 million," said Pusz. In order to carry out this objective the firm will cooperate with the owner and use its distribution network. For the time being TUW is offering asset polices, but not life insurance. (Puls Biznesu, pp. 1, 5) M.M.