Insurance

Friday, January 25, 2013

PZU wants to further invest in Ukraine

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 According to head of PZU, the group wants to develop insurance in Ukraine, despite the difficulties in obtaining licenses



Polish insurance group PZU ready for additional investment in Ukraine. The press service of PZU, referring to the statement of the group Andrzej Klesika.

According to the report, during the meeting with the Prime Minister of Ukraine Mykola Azarov Klesik PZU additionally confirmed the readiness to invest in Ukraine. According Klesika, the purpose of investment - the consolidation of the insurance market, as well as participation in global projects in the field of insurance.

Currently, the total amount of investments already made in PZU Ukraine exceeded 300 million zlotys (about $ 96 million - Ed.) In the future, the group plans to use the available funds for the development of the Ukrainian insurance market and consolidate its position.

This decision was made in part due to a positive financial result PZU Ukraine, said the press service.

Evaluating the investment activity of the insurance market of Ukraine, Klesik noted that foreign investors holding back situation with licenses for certain types of insurance, with the status of the time. Fact necessary renewal of licenses in certain types of insurance is seen by investors as a potential additional risks.

According to President of PZU, it does not stop working group in Ukraine, but such requirements are causing uncertainty in other Western investors.

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