PIB Group expands into Poland following WDB acquisition
When InsurTech Digital with Paul Johnson, CIO and COO at PIB Group, he informed us that a combination of “professionalism, data and automation” was facilitating a significant expansion campaign for the company in its native UK.
At that time, 30 businesses had been brought under its umbrella in approximately four years. This latest news, part of a larger 10-year development on the continent, demonstrates the extent to which this plan is coming to fruition.
A significant asset
WDB, founded in 2007, has enjoyed fast-paced growth of its own fuelled by organic development and acquisition. Currently a leading provider in the Polish market, with interests in the life, health, real estate and transportation sectors, the company is expected to be a significant asset for PIB Group. Brendan McManus, CEO, explained:
“I’m really excited to announce the acquisition of WDB and welcome our new colleagues to PIB Group.
“With support from PIB, the WDB management team led by CEO Mariusz Muszynski intends to widen its product base to drive organic growth as well as acquire similar professional insurance brokers in Poland, and potentially the wider CEE region.
“Their entrepreneurial approach, collaborative culture and track record of growth along with excellent client service make the team a great fit with PIB. I look forward to seeing their plans come to fruition over the coming months,” he said.
Musznski himself added, “The investment of PIB Group in our company is a great endorsement of the chosen development strategy.
“For us, joining PIB Group means, above all, access to specialist knowledge and capital, which will allow us to play an important role in the consolidation of brokerage markets in Poland and the CEE region.
“This is another breakthrough moment on our business path. We are very happy to start collaborating with our new colleagues from PIB Group.”
Tribe and APOLLO announce national insurance campaign
Tribe Property Technologies in partnership with APOLLO insurance has announced a national insurance campaign to digitise insurance for condominium owners, renters, landlords, and developers across Canada. The aim of the campaign is to make insurance access easier and faster for owners while improving the coverage and protection of condominiums and rental buildings.
According to several surveys, nearly half of 4.5mn rented houses in Canada do not have tenant insurance protection, meaning those individuals and their families are put at risk of fire and water damage.
What does the national insurance campaign include?
According to Tribe, the company is working with APOLLO to ensure that this type of insurance is easier to access. It aims to achieve this by introducing a direct connection to APOLLO's insurance technology from both Tribe's strata and condo management platform and rental software to allow for increased education and awareness for owners into insurance risks and options.
It also includes the future ability for notifications for mid-term cancellations, and plans to offer protection from potential strata/condo corporation deductibles, Tribe said.
"We are excited to partner with APOLLO to bring accessibility, visibility, and education around insurance options to our communities and reflect the current lifestyle expectations of condo owners and residents while protecting the value of their biggest assets", said Joseph Nakhla, Chief Executive Officer of Tribe.
Nakhla added: “This agreement with APOLLO is just the first step under our Digital Services & Partnerships revenue pillar. We will continue to layer on services to drive revenue for Tribe, and bring convenience and savings for our users, with the goal of being able to offer a one-stop-shop to our development partners and the over 100,000 residents in Tribe-managed communities”.
APOLLO uses technology as a channel between insurance brokers, carriers, and their mutual clients, offering insurance options from multiple companies on one integrated online platform.
"We like that Tribe is taking a fresh approach to condo living and building smart homes through tech-enabled service, and an integration with their Community Platform supports our goals of making insurance more accessible and supporting the needs of communities”, said Jeff McCann, Chief Executive Officer of Apollo.