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PZU SAUPDATE: PZU insurer's strategy for 2025-2027 will not be updated
Listed insurance group PZU has announced that its 2025-2027 strategy, presented in December 2024, will remain unchanged, the company said in a market filing. PZU management board is analysing various options for the functioning of its banking assets within the group and requires additional time to develop the best solution.
"We will operate within the framework of the previously chosen strategic directions, but internally, we will increase our ambitions regarding the development of the main business lines. We will focus on activating cross-selling in the group, increasing sales in exclusive channels(...)," Andrzej Klesyk, acting CEO of PZU, quoted in the filing, said.
It was reported that PZU's management is analysing options for the operation of its banking assets within the group.
"The market expects more clarity, so today we are giving ourselves more time to work out an optimal, comprehensive solution," Klesyk said.
He informed that ultimately the PZU Group will be transformed into a holding company.
"The holding entity, located a level higher and strengthened in terms of competence, could take care of the real management and strategic dimension, leaving direct operational activities to individual companies. This would free up additional capacity and translate positively into our business efficiency, speed of response to dynamically changing challenges, as well as the results achieved and benefits for shareholders," Klesyk said.
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