Aviva intends to sell assets in Poland?

Justyna Domienik-Karłowicz is the new president of the Mavit Medical Center

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Aviva, a company operating on the insurance market and offering, among others, health insurance, wants to sell its assets in Poland, according to unofficial information provided by Bloomberg. The price of such a transaction could reach even €1.5bn.

Aviva will leave Poland?

Aviva, a company operating on the insurance market, is looking to sell its assets in Poland, Bloomberg informed. The price of this transaction may reach €1.5bn. The sale process is expected to start in January 2021, and among potential buyers Bloomberg mentioned Allianz, Generali, Nationale-Nederlanden and PZU.

In November, during the presentation of the results for Q1-Q3 2020, Aviva announced that it is investigating various opportunities for its businesses in Europe, including Poland, and Asia. Nevertheless, Adam Uszpolewicz, Aviva’s CEO in Poland, said that this does not necessarily mean selling the business in Poland, although such an option is also possible.

Aviva in Poland is part of the international Aviva Group, and has been present in Poland since 1992. Aviva’s core business is individual life insurance and long-term investments, but the company also offers group life insurance, property insurance for companies and individuals, investment funds.

Challenging year for private healthcare market

Aviva in Poland also operates on the private healthcare market and offers health insurance. The value of the private healthcare market in Poland, including drug and non-pharmaceutical expenditures, amounted to over PLN 58bn in 2019 and increased by about 10% y/y. This year is a difficult period for this market segment, due to the ongoing coronavirus pandemic and the crisis of the entire economy, PMR’s report “Private healthcare market in Poland 2020. Market analysis and development forecasts for 2020-2025” shows.

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