Netrisk Group, the leading online insurance brokerage company in Hungary is now also present in Poland.
Netrisk Group, which started in Hungary and in recent years has mainly acquired financial comparison portals similar to its Hungarian counterpart in several countries in the region, is expanding by merging its existing holdings with Bauer Media Group’s online comparison portal business instead of making a direct acquisition.
This will enable 80 million customers to compare offers from financial, insurance and other service providers on the group’s comparison portals. The Netrisk Group operates leading internet portals for online comparisons and for the conclusion of insurance policies in Central and Eastern Europe. These include the platforms Netrisk and Biztositas.hu in Hungary, Klik and Porovnej24 in the Czech Republic, Netfinancie in Slovakia and Edrauda in Lithuania.
The German company will acquire a minority stake in the Netrisk Group and in return operate the portals rankomat.pl (Poland), epojisteni.cz and srovnejto.cz (Czech Republic) as well as superpoistenie.sk (Slovakia), which were previously owned by the German holding company.
The current merger will create an online comparison portal of dominant size in Europe, saving consumers in Central and Eastern Europe additional time and expense while being able to respond on a large scale to market changes and the increasingly sophisticated expansion of marketplaces to financial products by large technology companies also emerging in this area.