TUW SKOK, Poland


As the primary insurance provider of the Polish credit unions (CUs), TUW SKOK’s history is linked to the re-emergence of the credit union movement after the fall of communism. Not long after the new credit unions began collecting savings, the National Association of Cooperative Savings and Credit Unions (NACSCU) planned for the provision of insurance as well. In 1993, CUNA Mutual and the Foundation for Polish Credit Unions (FPCU) launched Benefit, a joint venture that provided loan protection, life savings and funeral insurance. Along with its technical assistance, CUNA Mutual provided 90 percent of Benefit’s initial capital. After four years of operations and moderate success, the partners decided to go their separate ways. In 1997, NACSCU and the Foundation led the credit union’s insurance activities in a different direction. The association decided that the greatest priority, and most immediate market potential, was with the credit unions themselves, rather than their members. So the National Association launched a property and casualty (P&C) insurance company to provide corporate products that protect the credit unions. Soon thereafter, TUW SKOK was born. This cases study assesses the strengths and weakness of TUW SKOK and analyses them.






Craig Churchill, Terry Pepler

Published by: 

  • Microinsurance Network


CGAP Working Group on Microinsurance

Number of pages: 



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