Households Life insurance and Annuity Entitlements in Poland have seen a significant decline from 78.27 billion Zloty in 2014 to 55.9 billion Zloty in 2023. This represents a year-on-year decrease of -4.95% in 2023. The trend over the last five years has been negative, with a compound annual growth rate (CAGR) of -4.65%. The long-term trend indicates a steady decline, especially notable from 2017 onwards.
In 2024, the market is forecasted to continue its downward trajectory, with further decreases projected through to 2028. The CAGR for the next five years is expected to be -6.27%, indicating an average annual decrease, with an overall reduction of -27.67% over this period.
Future trends to watch for include changing regulatory environments, shifts in consumer preferences toward alternative investment and retirement products, and potential economic factors influencing households' ability to invest in life insurance and annuities.
- The market stood at 55.9 billion Zloty in 2023.
- Year-on-year variation: -4.95% in 2023.
- Last 5-year CAGR: -4.65%.
- Forecasted 5-year CAGR: -6.27%.
- Forecasted total decrease by 2028: -27.67%.
