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The German Talanx AG and its Japanese partner Meiji Yasuda Life Insurance Company are entering into a long-term, strategic bancassurance cooperation with the Getin Holding Group. As part of the agreement, Talanx and Meiji Yasuda will take over the insurance company Europa Group. For Europa, the transaction offers the possibility for further dynamic growth behind the potential of the new strategic shareholders – both Talanx and Meiji Yasuda are well known players on the global insurance market.

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After three quarters of 2011 the Europa Group has already generated PLN 128m worth of net profit. They were a record 9 months in the Group’s history. Europa reported an 18 per cent growth in profit at the same time increasing gross premiums written to PLN 556m (in accordance with IAS) as against PLN 529m in the corresponding period of last year. The Group has also gained a very strong position in Poland in the sale of insurance products in cooperation with banks. The premiums written by the non-life Europa company constitute more than one third of the entire non-life bancassurance market in Poland (in accordance with Polish Accounting Standards), while TU na Życie Europa SA wrote close to one fifth of the premiums written on the Polish life bancassurance segment (in accordance with Polish Accounting Standards)*.

The Europa Group has summed up the first in Poland bancassurance market research. The results show that Poles more and more willingly purchase additional insurance for their banking products and more than 90 per cent of respondents holding the insurance products have positive opinions about their purchase.