Pramerica Życie TUiR SA has a new owner, the Unum Group – provider of financial protection benefits to over 36 mln customers in the United States and the United Kingdom.
As a result of this change, Pramerica has started operating under Unum Zycie name.
The new ownership structure and name change will have no impact on in-force insurance contracts, which will continue on the same terms and conditions. With time, the company will enhance its offer to further improve the targeting of evolving financial needs of individual customers and firms.
‘Over the two decades of operation on the Polish market, we earned trust of more than 190,000 customers by offering them meaningful and reliable products in a top-quality sales process. Keeping the promises made to the customers is our top priority. We are pleased that the new owner shares our commitment to quality and uncompromising ethical standards. In addition, the expertise provided by the new owner will help us develop the portfolio and create a unique customer experience under the new brand’, said Aneta Podyma-Milczarek, Pramerica Życie President of the Board.
After a thorough review of market opportunities and needs, Unum is going to bring a new dimension to Pramerica strategy, and invest in individual and group business segments. Digital solutions are another priority item on the agenda, with the purpose to streamline customer service processes and product solutions.
‘We are delighted to have acquired such a strong new business in Poland whose values and customer focus are in complete alignment with Unum’s. We plan to pursue a strategy aimed at providing professional financial coverage to increasing numbers of customer offering them genuine support in emergency. Considering the commitment of Pramerica employees and associates, strong leadership, and our close collaboration, I am confident that we will be able to be able to build on the strong progress made over the last few years and satisfy the financial needs of diverse client groups‘, said Peter O’Donnell, Executive Vice President of Unum Group and Chief Executive Officer and President of Unum UK.
A new brand – the same mission
Pramerica starts operating under ‘Unum’ brand, alongside other Unum businesses including Unum US, Unum UK and Colonial Life. The word ‘Unum’ comes from ancient Latin for ‘one’. It symbolizes joint efforts undertaken by the many operations of Unum Group for the benefit of customers and their financial security.
‘As Unum, we will continue to provide the customers with the peace of mind today by protecting them and their loved ones tomorrow. We take this mission very seriously, and so does our new owner’, Aneta Podyma-Milczarek adds.