Life Insurance Market in Poland, Key Trends and Opportunities to 2018 - PowerPoint PPT Presentation

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Life Insurance Market in Poland, Key Trends and Opportunities to 2018

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In terms of GDP at current prices in 2013, Poland ranked eighth in the EU. The country's GDP growth declined from 5.1% in 2008 to 1.8% in 2009 due to the global financial crisis. While many countries in Europe region were badly affected by the crisis which led to declines in their economies in 2009, Poland's economy grew by 1.8%. The Polish insurance industry was the largest in the Central and Eastern European and Baltic region. However, both the life and non-life insurance segments were dominated by foreign companies. To get Details: Life insurance was the largest segment in Poland in 2013, accounting for 53.3% of the industry’s total value, while the non-life segment accounted for 41.1%. Life insurance accounted for 66.5% of the total paid claims in 2013, while the non-life segment accounted for 30.6%. – PowerPoint PPT presentation

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Title: Life Insurance Market in Poland, Key Trends and Opportunities to 2018


1

Main Title
Market Research Report 
Life Insurance in Poland, Key Trends and
Opportunities to 2018
reportscue
2

Synopsis In terms of GDP at current prices in
2013, Poland ranked eighth in the EU. The
country's GDP growth declined from 5.1 in 2008
to 1.8 in 2009 due to the global financial
crisis. While many countries in Europe region
were badly affected by the crisis which led to
declines in their economies in 2009, Poland's
economy grew by 1.8. The Polish insurance
industry was the largest in the Central and
Eastern European and Baltic region. However, both
the life and non-life insurance segments were
dominated by foreign companies. Life insurance
was the largest segment in Poland in 2013,
accounting for 53.3 of the industrys total
value, while the non-life segment accounted for
41.1. Life insurance accounted for 66.5 of
the total paid claims in 2013, while the non-life
segment accounted for 30.6. Despite a decline in
gross written premium in 2009, due to the global
financial crisis and a reduction in the demand
for insurance and investment products, the
industry recovered following 2010. The industrys
gross written premium increased, at a
review-period (2009-2013) compound annual growth
rate (CAGR) of 3.0. This growth was supported by
the personal accident and health insurance
segment, which registered the fastest CAGR of
8.9.
3

Report OverviewThe report provides in-depth
market analysis, information and insights into
the Polish life insurance segment, including
The Polish life insurance segments growth
prospects by life insurance category Key
trends and drivers for the life insurance segment
The various distribution channels in the
Polish life insurance segment The detailed
competitive landscape in the life insurance
segment in Poland Detailed regulatory policies
of the Polish insurance industry Analysis of
various consumer segments in Polish life
insurance Key developments in the Polish life
insurance segment New products launched by
Polish life insurers
4

Scope This report provides a comprehensive
analysis of the life insurance segment in
Poland It provides historical values for the
Polish life insurance segment for the reports
2009-2013 review period, and projected figures
for the 2013-2018 forecast period. It offers a
detailed analysis of the key categories in the
Polish life insurance segment, along with market
forecasts until 2018. It covers an exhaustive
list of parameters, including written premium,
incurred loss, loss ratio, commissions and
expenses, combined ratio, frauds and crimes,
total assets, total investment income and
retentions. It analyses the various
distribution channels for life insurance products
in Poland. It profiles the top life insurance
companies in Poland and outlines the key
regulations affecting them.
5

Key Highlights The Polish life segment is
highly concentrated, with the 10-leading insurers
accounting for 81.6 of the segments gross
written premiums in 2013. Life insurance was
the largest segment in Poland in 2013, accounting
for 53.3 of the industrys total gross written
premiums. The penetration rate for Polish life
insurance was 1.86 in 2013, significantly lower
than the UKs 8.68 and Frances 5.57. The
segments leading distribution channels include
bancassurance, direct marketing and agencies,
which together accounted for 92.3 of the gross
written premium from new business in 2013.
Although Poland joined the EU in 2004, it has not
yet adopted the euro. Prior to joining eurozone,
the country made changes to its constitution
which specified that only the National Bank of
Poland had the authority to issue currency.
The growth of life segment is largely dependent
on the countrys employment rate. A fall in
employment may lead to a decline in the uptake of
both group (taken by corporate houses) and
individual insurance. 
6

Table of Contents1 Key Facts and Events 2
Executive Summary 3 Introduction 4 Polish
Insurance Industry Attractiveness5 Life
Insurance Outlook6 Analysis by Distribution
Channel7 Governance, Risk and Compliance8
Competitive Landscape and Strategic Insights9
Appendix - 110 Appendix - 2
7

Reason To Buy Make strategic business
decisions using in-depth historic and forecast
market data related to the Polish life insurance
segment and each category within it.
Understand the demand-side dynamics, key market
trends and growth opportunities in the Polish
life insurance segment. Assess the competitive
dynamics in the life insurance segment.
Identify the growth opportunities and market
dynamics in key product categories. Gain
insights into key regulations governing the
Polish insurance industry and their impact on
companies and the industry's future. To Get
Details http//www.reportscue.com/life-insurance-
in-poland-key-trends-and-opportunities-to-2018-mar
ket
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