VIG companies in Poland

On the Polish market, Compensa Non-Life and Compensa Life use a joint nationwide distribution system consisting of about 80 branches and approximately 360 field employees. Both companies celebrated their 20th anniversary in 2010. In early 2010 Compensa Non-Life established a branch office in Lithuania and began with the sale of motor vehicle liability and own-damage insurance, personal accident and legal expenses insurance. Compensa Life launched a new unit-linked retirement pension insurance with guaranteed payouts called “Gwarancja Renta” in 2010. In addition, customers of Compensa Life can now use the new online service portal “My Compensa”, which provides easy access to detailed policy information.

In addition, two managers of Compensa received awards in 2010. Managing Board Chairman Franz Fuchs was given the title of “Honorary Ambassador of the Polish Economy” and Ireneusz Arczewski, Managing Board director, was elected Top Manager of the Year.

Both Benefia companies celebrated their 10th anniversary in 2010. They offer their customers comprehensive life and non-life insurance service on the Polish market. The products of Benefia Life are primarily distributed via banks and brokers.

Benefia Non-Life operates primarily in the motor vehicle insurance class, and successfully distributes its products by means of cooperative distribution arrangements with a number of automobile dealers, as well as through brokers and agents. The Polish Business Club honoured the Benefia companies with the “Company of the Year” award in 2010.

Polish company InterRisk operates successfully on the Polish insurance market in the motor vehicle and the non-motor vehicles classes. Its insurance products are primarily distributed through more than 2,500 agents and brokers. In 2009 InterRisk started offering its customers legal expenses insurance policies. In addition, the company, together with Compensa and TU PZM, developed a new service portal for brokers, which greatly simplifies customer data administration.

PZM operates very successfully primarily in the area of motor vehicle insurance. About 90% of the company’s product portfolio is comprised of motor vehicle liability and own-damage insurance products. In 2010 however, PZM brought to market a new household insurance product called “Dom Max”, receiving the silver award in the household insurance category by the Academy of Polish Success.