Open Life

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.

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

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

• Life insurance services
• Unit-linked insurance products
• Group employee insurance
• Insurance capital funds
• Bancassurance distribution

Headquarters

HQ city

Warszawa

HQ country

Poland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. Insurance Premiums - Protection Products: Premium income from pure life protection insurance products without investment components.
3. Group Employee Insurance Premiums: Premiums from employer-sponsored group life insurance policies offered to employees as employee benefits.
4. 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.
5. Additional Health Packages: Supplementary health support packages offered to group insurance policyholders including oncology support, cardiac support, and medical assistance services.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core 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

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered core, minor and major.

• Noble Funds Mezzanine Fundusz Inwestycyjny Zamknięty Aktywów NiepublicznychcoreTechnology or Integration · 19 December 2025Closed 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 NiepublicznychcoreTechnology or Integration · 28 January 2025Closed 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 ZdrowieminorStrategic or Co-development PartnerHealthcare 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.minorStrategic or Co-development PartnerAssistance 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 TechnologiaminorOthersNon-profit organization running 'Dwie godziny dla Rodziny, dla Człowieka' charity initiative. Open Life participates in this program as part of corporate social responsibility activities.
• mojeIDcoreTechnology or IntegrationPolish 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)majorChannel Partner/ Reseller/ DistributorBancassurance 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)minorChannel Partner/ Reseller/ DistributorFormer distribution partner. As of shareholder records, Open Finance S.A. holds 49% of Open Life shares and is currently in bankruptcy proceedings.
• VeloBankminorChannel Partner/ Reseller/ DistributorBank 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

Broad 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

• Facebookfacebook.com/100067786864044
• LinkedInlinkedin.com/company/open-life

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Open Life