The life insurance sector in Poland showed significant fluctuations from 2013 to 2023, with a marked downward trend. In 2023, the sector stood at 18.94 Billion Zloty. From 2013 to 2020, turnover fell steadily, with notable declines in 2014 (-8.31%), 2016 (-13.37%), and 2020 (-19.69%). A bounce-back was observed in 2021 with a 10.7% increase. However, the period between 2022 and 2023 saw a minor decline of 3.37%, contributing to a negative compound annual growth rate (CAGR) of -2.69% over the last five years.
Future trends indicate a continued decline with forecasted turnover dropping to 15.42 Billion Zloty by 2028, suggesting a negative 5-year CAGR of -3.19% and an overall growth rate of -14.97% from 2023 to 2028. The key trends to watch will include market adaptation to economic conditions, evolving consumer preferences, and regulatory changes.
