The Gross Value Added (GVA) of the insurance, reinsurance, and pension funding sector in Poland has shown fluctuation over the years. From a high point in 2013, the value decreased significantly until 2015, followed by a varied recovery with peaks and troughs in the subsequent years. By 2023, the value stood at 10.17 billion Zloty, indicating modest growth. Year-on-year analysis for the last two years shows a 5.96% rise in 2022 followed by a 2.07% increase in 2023. Over the last five years, the compounded annual growth rate (CAGR) was -3.24%, indicating a less favorable performance.
Forecasts suggest a steady growth pattern from 2024 onwards, with GVA expected to increase gradually, reaching 11.15 billion Zloty by 2028. This results in a forecasted 5-year CAGR of 1.46% and an overall growth rate of 7.52%.
Future trends to watch for include the impact of regulatory changes, technological advancements in the insurance sector, demographic shifts affecting pension plans, and potential economic fluctuations that could impact both insurance and reinsurance markets.
