The turnover of non-life insurance in Poland has exhibited significant fluctuations over the years. In 2023, it stood at 10.48 billion euros. From 2013 to 2023, the industry saw substantial growth, especially between 2016 and 2017, where year-on-year growth peaked at 20.61%. The compound annual growth rate (CAGR) for the last five years was 1.99%, indicating moderate growth. Over the last two years, the market showed a year-on-year increase of 7.87% in 2022 and a slight rise of 2.37% in 2023.
Future trends to watch for include:
- The projected CAGR over the next five years is 1.81%, suggesting steady, albeit slow, growth.
- Market drivers such as increasing demand for property and health insurance products.
- Potential market consolidation or regulatory changes influencing the industry's landscape.
- Innovations in technology that could streamline operations and improve customer experiences, impacting overall turnover.
