PZU insurer tweaks third-party motor insurance offer
April 4, 2014
Poland’s top insurer PZU is introducing direct liquidation of damages in third-party motor insurance and hopes its share in this market to increase from the current level of 32%, management board member Tomasz Tarkowski said during a press conference.
"We expect our market share to increase," Tarkowski said.
PZU will take upon itself all formalities tied to the liquidation of damage irrespective of the fact where the perpetrator of a damage is insured, the company said on Thursday.
"We will start to manage a slightly bigger pool of damages," Tarkowski said. "Taking over the additional thousands [of damages] is no problem for us, especially since it will be a gradual process."
The adjustment of the offer should not result in costs' increase, the official also said.
"We have to cover the costs of liquidation, the costs of servicing," he said. "Those costs are negligible, we are not raising fixed costs."