Over the past decade, the turnover of life insurance in Poland has exhibited a declining trend. From a peak of 7.45 billion euros in 2013, the value decreased significantly to 4.39 billion euros in 2023. Key variations include a substantial drop of 19.85% in 2020 followed by minor recoveries and setbacks in the subsequent years. By 2024, the CAGR for the past five years stands at -2.92%, with a forecasted CAGR of -3.43% leading into 2028. This projected decrease signals a continued downward trajectory with a forecasted overall reduction of 16.01% by 2028.
Future trends to watch for include:
• Changes in regulatory policies affecting life insurance. • Shifts in consumer demographics and disposable incomes. • Emerging technologies and digital transformation within the insurance industry. • Economic conditions influencing consumer spending and investment behaviors.
