Integer.pl Group enters the insurance market!
Cracow, 3rd January, 2013
Integer.pl Group enters the insurance market!
InPost Customer Service Points start selling LINK4 insurance policies
Integer.pl Group, the company which has been successfully competing on the postal and courier market, as well as dynamically extending its influence in the financial services for many years, initiates its activities in the insurance sector. Therefore, integer.pl Group in cooperation with LINK4, the pioneer and leader in direct insurances in Poland, has started selling insurance products at the InPost Customer Service Points located throughout the country. The Independent operator assumes that over the next three years it shall become a major player in the life insurance business, which may reach a level of PLN 38.9 billion in 2014, with the prospect of an increase of 70% over the next five years.
InPost Finanse, an independent provider of financial and insurance services diversifies its activities addressed to individual customers, based on the multimillion customer base and the compatibility of insurance and financial services.
„Our activity in the insurance sector is not accidental. Any activity started by our company are largely based on infrastructure, business potential, as well as logistics and technological base of the remaining companies that belong to the Integer.pl Group. When carrying out postal and financial activities, we had to take into consideration also the sale of insurance policies. It is not only a perspective business but also a perfect way to optimal use of the infrastructure. We are really glad to introduce our first insurance project together with LINK4, an insurance expert. Soon we hope to inform of another cooperation agreement concerning the sale of financial services”, says Rafał Brzoska, the CEO of Integer.pl.
An agency agreement including the sale of LINK4 car insurance shall be implemented in at least 100 InPost Customer Service Points, at the beginning of 2013, with the view to expand the geographical scope of activity by another 100 branch offices by the end of the year. Furthermore, InPost and LINK4 cooperation will be extended to the delivery of money transfers. There are also some plans to introduce the sale of home insurance.
„LINK4 has been consistently developing innovative distribution channels. Currently, LINK4 insurances are available over the phone and Internet, but also at the agents, brokers, banks, retail chains and InPost branch offices (since 2013). We can see a great development potential in this area, mainly due to the InPost business potential and the availability of InPost branch offices”,added Łukasz Jantz, External Distribution Channels Director.
The electronic financial products such as multi-operator e-invoice and mobile payments (since 2010) are the flagship service of InPost Finanse. Currently, about 100,000 individual customers use the mobile payments service, hence it has already reached its break-even point, and the implementation of the e-invoice service system has led to the acquisition of another 250 thousand customers.
Moreover, since November 2012, InPost Finanse has started a cooperation with Western Union, a global leader in international money transfers. Upon the agreement it is possible to send and receive money transfers at 100 InPost Customer Service Points. The company also offers a comprehensive range of Western Union money services.
InPost Finanse – general information
InPost Finanse – an independent financial and insurance operator, present on the Polish market since 2007, has been consistently strengthening its market position based on a well prepared and managed network of InPost branch offices, using the logistics and human potential of the Integer.pl Group.
Within the increasing of service accessibility, InPost Finanse acquires the existing customer points being a part of small franchise networks, as well as the company uses operating cash points, namely: housing associations, waterworks, gasworks, power plants.
InPost Finanse operating activity is based on an advanced computer system. The modern software enables to its customer bulk cash withdrawals, money transfers, and bill payments. Moreover, the system allows to conduct some lending activities directed to the mass customer as well as support banking operations.
Link4 Towarzystwo Ubezpieczeń S.A. is the leader and pioneer of direct insurances business in Poland. The company has started its operations in Poland in 2003. Selling insurance policies over the phone and Internet is the basis for its business model. The advanced technology provides a 24 hour access to the professional services and as well as some website support at: www.link4.pl, and easy to remember phone number: 22 444 44 44 available from any place throughout the country. Link4 offers car insurance, home insurance and travel insurance. The insurer has received numerous awards and honours. Link4 has been certified ISO 9001:2001 in claim settlement area.
Since 15 June 2009 Link4 falls entirely within RSA, the international insurance group, present in 130 countries and employing 22 000 people worldwide. RSA has a more than 300-year tradition in the insurance protection and provides it services for more than 20 million customers. In 2011, the premium income of the Group amounted to EUR 8.13 billion and the net profit reached 427 million GBP.