Aviva and Bank Zachodni WBK agree expansion of their bancassurance partnership

Article date: 2 August 2013

  • Aviva will sell life and general insurance products through an expanded network of 900 branches
  • The existing agreement will be extended by further ten years until December 2033

Aviva and Bank Zachodni WBK have today agreed an expansion of their strategic partnership in Poland. Under the agreement, Aviva will increase its distribution network from 500 to 900 branches across Poland, with access to 4 million bank customers.

Additionally, Aviva and BZ WBK will extend their strategic partnership by further ten years, until 31 December 2033. This is in line with Aviva’s strategy of growing in attractive markets such as Poland.

Bank Zachodni WBK, part of the Santander Group, is the third-largest bank in Poland in terms of assets, credit book and deposits.

Aviva is Poland’s fourth-largest life insurer, with a strong retail business and distribution agreements in place with Bank Zachodni WBK, BGZ, Alior and Pocztowy.

The extension of this agreement is subject in particular to regulatory approvals.

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Notes to editors:

Aviva provides 34 million customers with insurance, savings and investment products.

Aviva is Poland’s fourth-largest life insurer, and also has a growing general insurance business. We have more than 830,000 individual and group life customers and manage over £2.9 billion of customers’ assets, providing both long-term insurance and savings products. Aviva has more than 2,400 direct sales people and 56 sales branches across in Poland.

We are the UK’s largest insurer and one of Europe’s leading providers of life and general insurance.

We combine strong life insurance, general insurance and asset management businesses under one powerful brand.

We are committed to serving our customers well in order to build a stronger, sustainable business, which makes a positive contribution to society, and for which our people are proud to work.

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