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  4. > Poland Insurance Report Q3 2016

Poland Insurance Report Q3 2016

  • May 2016
  • -
  • Business Monitor International
  • -
  • 61 pages

Includes 3 FREE quarterly updates

BMI View: Poland is home to a relatively well developed insurance market, though low penetration anddensity rates suggest there is still scope for further growth. After a fall in premiums in 2015, the insurancemarket is expected to return to more positive territory in 2016 and we expect to see both life and non-lifepremiums record steady, single-digit growth throughout the forecast period between 2016 and 2020,bolstered by rising employment rates and improvements to average household income levels.

Key Updates And Forecasts

-The economic outlook in Poland is positive, with GDP expected to grow by 3.9% in 2016 followed by4.1% growth in 2017 and 2018. We also expect to see Poland exit a period of negative inflation in late2016. There is, however, some market uncertainty, particularly relating to the independence of theNational Bank of Poland, creating some risk to our current growth forecasts.

-At present we expect to see subdued growth of 1.7% in life insurance premiums written in 2016 (in localcurrency terms), recovering from a fall in premiums seen in 2015. Stronger growth is expected over theremainder of the forecast period, with premiums forecast to reach PLN1.5bn (USD9.5bn) by 2020.

-Stronger growth is expected in the non-life sector, with premiums growing by 1.8% in 2016 followed bymore robust growth between 2017 and 2020. Non-life premiums are expected to reach PLN41.0bn(USD12.3bn) by the end of the forecast period, accounting for over 56% of insurance premiums writtenin the Polish market.

Table Of Contents

Poland Insurance Report Q3 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Poland 2013-2020) 5
Insurance 6
Industry Forecast 8
Life Premiums Forecast 8
Table: Life Premiums (Poland 2013-2020) 11
Table: Life Insurance Claims (Poland 2008-2015) 12
Non-Life Premiums Forecast 13
Table: Non-Life Premiums (Poland 2013-2020) 16
Table: Non-Life Insurance Claims (Poland 2009-2015) 18
Non-Life Sub-Sector Forecast 19
Table: Non-Life Insurance Premiums by Product Line (Poland 2013-2020) 29
Insurance Risk/Reward Index 31
Emerging Europe Risk/Reward Index 31
Table: Emerging Europe Insurance Risk/Reward Index - Q316 32
Market Overview 33
Life Market Overview 33
The Product Offering 33
The Competitive Landscape 33
Table: Life Insurance Market (USDmn) 2009-2015 35
Non-Life Market Overview 37
The Product Offering 37
The Competitive Landscape 37
Table: Non-Life Insurance Market (USDmn) 2009-2015 39
Company Profile 41
Allianz 41
Powszechny Zaklad Ubezpieczen (PZU) 44
Talanx AG 47
Vienna Insurance Group (VIG) 51
Methodology 55
Industry Forecast Methodology 55
Risk/Reward Index Methodology 58
Table: Indicators 60
Table: Weighting of Indicators 61

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