PZU Życie takes the lead in the insurance sector

Although PZU Życie has been gradually catching up to PZU for fifteen years, the difference at the end of 2005 was still around zł.1.56 billion. This year, however, PZU Życie has considerably quickened its pace. One of the reasons for its rapid improvement was cooperation with banks which sell its investment policies while, at the same time, PZU's situation worsened because of difficulties on the automotive market. After Q1, the difference between the two companies decreased to zł.601.1 million. In Q2 revenues from PZU Życie's policies increased by 44.47%, though it was still behind by zł.165.92 million. After Q3, however, it assumed the market leader position. It is estimated that the firm's advantage could increase to zł.140-190 million by the end of the year. (Puls Biznesu p. 6) M.M.