Open Life
Open Life is a KNF-licensed Polish life insurer offering unit-linked (UFK) and group employee insurance products to individual and corporate clients in Poland, distributed through bancassurance, agents, and digital channels.
- Company typePrivate
- Founded2011
- HeadquartersWarszawa, Poland
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Open Life does
Open Life Towarzystwo Ubezpieczeń Życie S.A. is a Polish life insurance company headquartered in Warsaw, holding a KNF license (granted September 27, 2007) to operate Groups 1-5 of Division I life insurance in Poland. The company's core offering is unit-linked life and endowment insurance (Ubezpieczenia na życie z UFK), where premiums are allocated to Insurance Capital Funds (UFK) that invest in closed-end investment fund certificates (FIZ), corporate bonds, and other securities. Underlying fund exposure is anchored by Noble Funds Private Debt and Mezzanine FIZ vehicles. The product portfolio also includes group employee life insurance with optional health support add-ons (oncology, cardiac, post-stroke, trauma, and medical assistance via partners TU Zdrowie and AWP P&C S.A.), plus a portfolio of digital service platforms (Serwis Internetowy portal, e-Roszczenia claims platform, electronic surrender forms, and an appointment booking system) with mojeID authentication integration.
The business model is built on recurring insurance premiums from individual and employer-group policies, supplemented by quarterly coupon distributions (Kwartalne Kupony) to policyholders holding FIZ-invested UFK allocations. Revenue streams are diversified across individual UFK products, protection-only life insurance, group employee premiums, and add-on health packages. Distribution operates through multiple channels: bancassurance partnerships (historically Idea Bank and Getin Noble Bank), independent insurance agents (Doradcy), direct phone and in-person sales at the Warsaw headquarters, and digital self-service. Pricing is individualized based on coverage amount, age, health assessment, and fund allocation, with no publicly disclosed rate cards.
The ownership structure is a material risk factor: two major shareholders, Open Finance S.A. (49%) and Getin Noble Bank S.A. (27.66%), are both in bankruptcy proceedings, while LC Corp B.V. holds 18.29% and smaller shareholders hold the remainder. The company employs 51-100 staff, has registered share capital of 95.5 million PLN, and was founded in 2011 under the current leadership of President Krzysztof Bukowski, Vice President Izabela Śliwowska, and Board Member Jacek Skwierczyński.
Open Life firmographics
Firmographics- Name
- Open Life
- Legal name
- Open Life Towarzystwo Ubezpieczeń Życie Spółka Akcyjna
- Website
- https://openlife.pl
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Open Life is a KNF-licensed Polish life insurer offering unit-linked (UFK) and group employee insurance products to individual and corporate clients in Poland, distributed through bancassurance, agents, and digital channels.
- Ownership category
- akta.pro rank
Open Life industry classification
Industry- Product category
- Life Insurance
- NAICS
- Direct Life, Health, and Medical Insurance Carriers (52411)
- SIC
- Life Insurance (6311)
- akta.pro primary industry
- Universal Life (UL) Insurance (FSAIABAB)
- akta.pro secondary industries
- Basic Group Term Life (Employer-Paid) (FSAIADAA), Group Term Life Insurance (FSAIAAAJ)
Keywords
Where Open Life is headquartered
LocationHeadquarters
- HQ city
- Warszawa
- HQ country
- Poland
- HQ region
- Europe
Offices1 record
Markets served
Open Life business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Insurance Premiums - Unit-Linked Products: Recurring premium income from life insurance policies with investment components (UFK). Policyholders pay regular premiums that are partially allocated to investment funds.
- Insurance Premiums - Protection Products: Premium income from pure life protection insurance products without investment components.
- Group Employee Insurance Premiums: Premiums from employer-sponsored group life insurance policies offered to employees as employee benefits.
- Quarterly Coupon Distributions: Distribution of quarterly investment returns (kupony) to policyholders from unit-linked funds invested in closed funds (FIZ), particularly those investing in corporate bonds.
- Additional Health Packages: Supplementary health support packages offered to group insurance policyholders including oncology support, cardiac support, and medical assistance services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Individual life insurance with UFK investment component |
| Subscription | Monthly | Group employee life insurance |
| Subscription | Monthly | Health support packages (Oncology, Cardiac, Assistance) |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
Open Life product offering
Product offeringCore offering
Open Life is a Polish life insurance company that sells individual life and endowment insurance products linked to Insurance Capital Funds (Ubezpieczeniowe Fundusze Kapitałowe, UFK) investing in closed-end investment fund certificates, corporate bonds, and other securities. The company also offers group employee life insurance with optional health support packages (oncology, cardiac, post-stroke, trauma, and medical assistance) for corporate clients, distributed through bancassurance partners, insurance agents, and direct sales channels.
Product overview
Open Life TU Życie S.A. is a Polish life insurance company offering a portfolio of products centered on unit-linked insurance (Ubezpieczenia na życie z UFK) and group employee insurance. The core product line includes life and endowment insurance linked to Insurance Capital Funds (UFK) that invest in closed-end investment fund certificates and corporate bonds, accessible through the Serwis Internetowy customer portal. For business partners, the company offers Grupowe Ubezpieczenie Pracownicze (Group Employee Insurance) with optional add-on packages including Pakiet Wsparcia Onkologicznego/Onkologicznego Plus, Pakiet Wsparcia Pozawałowego, Pakiet Wsparcia Poudarowego, Pakiet Wsparcia Pourazowego, and Assistance Medyczne Plus. Digital service platforms include the Serwis Internetowy for policy management, e-Roszczenia for online claims submission, an electronic form for surrenders and maturity requests, and an appointment booking system. The company also provides Kwartalne Kupony (Quarterly Coupons) as a feature for policyholders with qualifying investments.
Differentiator
Problem solved
Functional benefit
Products and services
- Ubezpieczenia na życie z Ubezpieczeniowymi Funduszami Kapitałowymi (UFK) Life and endowment insurance products linked to Insurance Capital Funds (UFK) that invest insurance premiums in closed-end investment fund certificates, corporate bonds, and other securities. Policyholders can access their accounts through the Serwis Internetowy portal and receive quarterly coupon distributions from underlying fund investments. Targeted at individual Polish consumers seeking combined life protection and investment opportunities.
- Grupowe Ubezpieczenie Pracownicze (Group Employee Insurance) Group life insurance for employees providing benefits in case of unexpected life events. Includes employer-paid premiums that can be deducted as employee benefit costs, simplified enrollment procedures, and competitive premiums relative to coverage amounts due to pooled risk underwriting. Offers optional health support packages (oncology, cardiac, post-stroke, trauma, and medical assistance). Targeted at Polish companies offering employee benefits.
Quantifiable outcome
- Quarterly coupon distributions from UFK investments in corporate bond funds
- +2 more outcomes
Companies that use Open Life
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
Open Life technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature5 records
Open Life partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core, minor and major.
- Noble Funds Mezzanine Fundusz Inwestycyjny Zamknięty Aktywów NiepublicznychcoreClosed investment fund that underwent name change and merger with Noble Funds Private Debt Fund. These funds are underlying assets for Open Life's unit-linked insurance products, primarily investing in corporate bonds.
- Noble Funds Private Debt Fundusz Inwestycyjny Zamknięty Aktywów NiepublicznychcoreClosed investment fund that merged with Noble Funds Mezzanine Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych. The funds form underlying investments for Open Life's Ubezpieczeniowe Fundusze Kapitałowe (UFK) products, providing policyholders access to private debt instruments.
- TU ZdrowieminorHealthcare provider for Pakiet Wsparcia (Support Package) offerings including oncology, cardiac, and post-stroke support programs available to group insurance policyholders.
- AWP P&C S.A.minorAssistance services provider for Assistance Medyczne Plus package offered to group insurance customers, providing medical transport, medication delivery, childcare, medical consultations, and psychological support.
- Instytut Humanites – Człowiek i TechnologiaminorNon-profit organization running 'Dwie godziny dla Rodziny, dla Człowieka' charity initiative. Open Life participates in this program as part of corporate social responsibility activities.
- mojeIDcorePolish electronic identification service enabling secure login to customer portal and authorization of insurance transactions (surrenders, policy changes) without traditional passwords. Available since January 2020.
- Idea Bank (Getin Noble Bank)majorBancassurance distribution partner offering Open Life insurance products through bank branches. Note: Getin Noble Bank is in bankruptcy proceedings (2022). Insurance products originally distributed through Idea Bank.
- Open Finance S.A. (in bankruptcy)minorFormer distribution partner. As of shareholder records, Open Finance S.A. holds 49% of Open Life shares and is currently in bankruptcy proceedings.
- VeloBankminorBank that took over deposits from Getin Noble Bank in 2022 following its restructuring. Relevant for fund deposit transfers affecting UFK assets.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Open Life competitors and assessment
Company assessmentBroad incumbents
- UNIQA Poland: Austrian-owned multi-line insurer offering life, health, and P&C in Poland via bancassurance and agent channels. Comparable product breadth and distribution strategy to Open Life at larger scale.
- Nationale-Nederlanden Poland: Major Polish life insurer (part of NN Group) with strong bancassurance and advisory distribution. Comparable in offering unit-linked and group life products to Polish retail and corporate customers, though at materially larger scale.
- Allianz Poland: Major multi-line insurer in Poland offering life, health, and P&C products through bancassurance, agents, and direct channels. Comparable to Open Life in group and individual life, with substantially broader product portfolio.
- TUnŻ Warta: One of Poland's largest life insurers, offering individual and group life products with broad multi-channel distribution. CEO Bukowski started his career at Warta (1996-2001); comparable in life insurance fundamentals though substantially larger scale.
- PZU Życie: The life insurance arm of PZU, Poland's largest insurance group and dominant market leader. Both PZU Życie and Open Life offer individual life, group employee, and unit-linked products to Polish consumers and corporates; Open Life's prior CEO and VP both worked at PZU Życie, underscoring the overlap in product, customer, and talent pool.
Others
- AWP P&C S.A. Open Life's assistance services partner for the Assistance Medyczne Plus package. Listed here as an ecosystem participant/strategic partner rather than a direct competitor, illustrating the dependency on Allianz's assistance infrastructure for Open Life's group health add-ons.
Direct peers
- Vienna Life Poland: A mid-sized Polish life insurer historically focused on unit-linked and investment-linked products distributed through bancassurance and agent channels. Highly comparable to Open Life in product mix (UFK), distribution strategy (banks and agents), and customer target (Polish retail and SME).
- TU Europa: Polish life and non-life insurer offering individual and group life insurance with bancassurance distribution through Getin Noble Bank / Idea Bank network. Directly comparable to Open Life in product offering and bank-channel reliance — both CEOs overlapped at TU Europa.
- Compensa Życie: Polish life insurer (Vienna Insurance Group) offering unit-linked, group, and individual life products via multi-channel distribution. Board Member Skwierczyński previously worked at Compensa Życie as an actuary, indicating deep talent and product overlap with Open Life.
Regional players
- Signal Iduna Poland: German-owned life and health insurer operating in Poland, offering group and individual life products with health insurance components. Comparable in group employee insurance and health add-on approach, though with a different parent.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Open Life social profiles
Digital presenceOpen Life compliance and trust
Trust signalCompliance3 records
Open Life financial estimates
Financial estimateRevenue estimate
Valuation estimate
Open Life leadership team
Management profileNumber of profiles
Profiles3 records
Open Life funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Open Life M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Open Life
What does Open Life do?
Open Life is a Polish life insurance company that sells individual life and endowment insurance products linked to Insurance Capital Funds (Ubezpieczeniowe Fundusze Kapitałowe, UFK) investing in closed-end investment fund certificates, corporate bonds, and other securities. The company also offers group employee life insurance with optional health support packages (oncology, cardiac, post-stroke, trauma, and medical assistance) for corporate clients, distributed through bancassurance partners, insurance agents, and direct sales channels.
Is Open Life a public or private company?
Open Life is a private company. It is classified as corporate owned and is currently operating.
When was Open Life founded?
Open Life was founded in 2011. It employs 51 to 100 people.
Where is Open Life based?
Open Life is headquartered in Warszawa, Poland, in the Europe region.
How does Open Life make money?
Five revenue lines are on record. Insurance Premiums - Unit-Linked Products are the primary driver. The others are insurance Premiums - Protection Products, group Employee Insurance Premiums, quarterly Coupon Distributions and additional Health Packages.
Who are Open Life's main competitors?
Broad incumbents on record are UNIQA Poland, Nationale-Nederlanden Poland, Allianz Poland, TUnŻ Warta and PZU Życie. AWP P&C S.A. is listed as an others. Direct peers are Vienna Life Poland, TU Europa and Compensa Życie. Signal Iduna Poland is listed as a regional player.
Does Open Life have an API?
No public API is recorded for Open Life.
What industry is Open Life in?
Open Life's product category is Life Insurance. Its primary akta.pro industry code is FSAIABAB, Universal Life (UL) Insurance, with a secondary code of FSAIADAA, Basic Group Term Life (Employer-Paid). Its NAICS code is 52411 and its SIC code is 6311.