Powszechny Zaklad Ubezpieczen SA IFRS 17 Workshop Analysts Conference Transcript
Ladies and gentlemen, I'd like to welcome everyone who has joined us today for our meetings. This is an unprecedented event, and its goal is to make everyone familiar with PZU again. And new events that took place recently and as a result from the first quarter of this year, PZU is publishing its financial statements in a different way according to a different standard, its consolidated results. And this may be not intuitive that when it comes to carrying out the strategy, the relationships with our customers and the way we approach distribution, the way -- the channels to which we reach our customers and the way that we provide value through some of the best products.
Here, nothing has changed on this level. The only thing that has changed is the measurement of these events and the way they are presented in the financial statements and the balance sheet of the capital group. So during today's meeting, we'd like to get to let you know about this new model. We are aware that it's not obvious for everyone. So we'd like to let you know how the changes on the regulatory level are impacting the way how
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