PP ready looks for partner to enter insurance market

Poczta Polska (PP) plans to launch its offer of property and life insurance as quickly as possible, although it still has to wait for a new law to be passed by the Sejm to allow it to sell such services. The new law will regulate the ownership of PP, its commercialization, reorganization and future transformation of PP into a capital group. In order to implement its strategy, PP wants to create a separate insurance company, or take over one of the insurance companies already present on the market. The entities of the capital group will be active in four main areas: traditional postal services, logistics/express services, financial and Internet services. "Our advantage is our possession of the largest sales and customer service network in the country, including 8,000 post offices, however, we lack investment and insurance knowledge. That is why we are thinking about working with an external partner," said Dominik Czajewski, strategic development and organization director of PP. The new strategy was created in view of the coming liberalization of postal services and a necessity for PP to be ready to face foreign competitors. (Rzeczpospolita, Nov. 2-3, p. B2) P.W.