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International

Insurer PZU expects profit hit

March 18, 2015 Reprints

Przemyslaw Dabrowski, CFO of Polish insurer PZU S.A., said that new financial rules and low interest rates are likely negatively to affect the insurer's profits in 2015, Reuters reported.

"2015 may be difficult for the insurance industry," said Mr. Dabrowski, adding that "we're looking at 2015 with caution."

PZU recently said that its net profit fell 10% year on year in 2014 due to higher costs and reduced insurance margins.

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Insurer PZU expects profit hit

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