Eureko offers Poland full range of insurance products
Sunday, March 9, 2008
THE KRAKOW POST
A privately owned, European financial services group, Eureko B.V. offers a full range of insurance products and focuses on building and integrating its business throughout Europe. Registered in The Netherlands, Eureko also has operations in eleven countries, shareholders from eight different countries, and over twenty thousand employees. Following its philosophy, "local solutions, shared goals," Eureko consists of market leaders located in the territories in which its companies operate. Characterized by a dominant, well-recognized brand, each of the Eureko
Operating Companies not only has local market knowledge and expertise, but also is strongly committed to customer value. The primary Operating Company of Eureko is Achmea, which operates in Luxembourg, Belgium, and The Netherlands, where it holds the top position in insurance overall. Achmea offers a wide range of insurance and banking services to businesses, institutions and consumers in the Benelux. Next in the group is Interamerican, which has been established in Greece for over 37 years and holds the No. 3 position in both the Life and the Non-Life markets. In Ireland, Friends First provides pensions, investments,
protection and finance products. Lastly, Imperio France operates in the Portuguese community, a niche market segment in the French Life market. In addition to these four mature markets, Eureko has been expanding in growth markets across Europe, particularly in Central and Eastern Europe. Determined to strengthen its European position, Eureko owns Union, an insurance company in Slovakia that offers Life, Non-Life and Health products, as well as Eureko Sigorta, an insurance company in Turkey. Confident that European expansion is critical for long-term growth, Eureko also has growing operations in Romania, Bulgaria and Cyprus. Its most important invest-
ment in the region exists in a strategic 33 percent (-1 share) investment in PZU of Poland, the largest insurer in Poland and Central and Eastern Europe, with the leading position in both the Life and Non-Life markets. Eureko has sought regulatory approval to increase this shareholding to 36.1 percent. The significant presence of Eureko in Poland, which it sees as a second home market, is acknowledged as its springboard for future expansion in this increasingly important region. In the future, Eureko will consolidate and grow its well-established Dutch position while continuing to focus on its portfolio of selected European investments and exploring growth opportunities across Central and