Deputy Chairman of the Managing Board Ireneusz Arczewski with the “Reliable Employer” award (photo)

Deputy Chairman of the Managing Board Ireneusz Arczewski with the “Reliable Employer” award

Poland has a population of more than 38 million, making it VIG’s second-largest core market in terms of population, following the Ukraine. VIG entered the market in 1998 and has successively expanded its presence since then. VIG is now represented by six companies and four different brands. The Group companies include Compensa Life and Non-life, InterRisk, Polisa and Benefia Life and Non-life. Compensa Non-life also operates branch offices in Latvia and Lithuania. VIG’s total market share of 8.2% makes it the third largest insurance group in Poland.

Strengthening market presence

Poland’s importance for VIG’s country portfolio was shown by the latest expansion in 2013 with the agreement to acquire Skandia Poland (subject to official approvals).

Skandia Poland has operated in the Polish market for 14 years. It holds a particularly strong position in the area of unit-linked life insurance, which is primarily distributed through bank partners and insurance intermediaries. This complements and strengthens existing VIG activities in Poland.

Poland is one of the largest economies in the European Union and strong domestic demand helped it do well even during the economic crisis. At an average of around EUR 390 per capita in insurance premiums each year, the market shows considerable growth potential when compared to the corresponding value of around EUR 1,920 in Austria.

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VIG Group companies in Poland:


Market data: 1st–3rd quarter 2013

Short name:

Compensa Non-life, Compensa Life


Benefia Non-life, Benefia Life


VIG member since:





Insurance lines of business:

Life and


Life and


Number of employees:





Market position*:

12th place

6th (Non-life)

11th place

21st place (Life)

Market share*:


4.2% (Non-life)


0.6% (Life)

Overview of awards received

  • Title of “Reliable Employer” received by Compensa Non-Life from the Polish Chamber of Commerce
  • Polisa received an award from Home&Market as best partner in the business support category
  • 2nd place for Polisa in Financial Magazine’s (“Financial Magasine”) top 50 ranking of the most dynamic financial companies
  • Skandia Poland expands VIG market presence