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Polish insurer PZU S.A.'s CEO Michal Krupinski said that the insurer will cut costs and strengthen its international presence to return to growth after its net profit decreased by 21% in 2015, reported Reuters.
PZU is looking to reduce costs by 20% in the coming three years to lift return on equity to around 20%.
"Our goal should be to have 15 to 20% of our total gross written premiums from foreign operations," said Mr. Krupinski.
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