Poland

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Location map
author: OCHA/ ReliefWeb


Location:
- Central Europe;
- Neighbours: Slovakia, Czechia, Germany, Russia, Belarus, Ukraine.

Climate:
- temperate with cold, cloudy, moderately severe winters with frequent precipitation;
- mild summers with frequent showers and thundershowers.

Natural hazards:
- destructive earthquakes;

Macro indicators
* 2018 estimates
Surface:312,696km2
Population*:38.0million
Pop. density*:121.5people/km2
GDP*:492.2EUR billion
GDP/capita*:12,960.2EUR

European Union:
EU member, since 2004

Currency: Zloty
Code: PLN
Since: 1994


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:35%
TOTAL NON-LIFE*:65%
Overall Property*:11%
Overall Motor*:38%


Sources:



 


Statistics

Poland 1H19 Insurance Companies Rankings

Poland 1H19 Market Portfolio


See all statistics

Latest news

POLAND says insurers' treasury bonds to not be exempt from asset tax

Polish government bonds owned by insurance companies will not be exempt from the bank tax, unlike the ones owned by banks, deputy Finance Minister Konrad Raczkowski said on Tuesday. Earlier on Tuesday a member of the ruling Law and Justice (PiS) party said that it planned to amend the bank tax bill to exempt government bonds from the levy.

POLAND: A quarter million cars uninsured

As many as 250,000 Polish drivers have not insured their cars, which is a legal requirement in the country. Just last year, more than 6,000 accidents were caused by uninsured drivers or those who fled the scene.

STATISTICS: POLAND 1H2015: GWP stagnation, lower profitability

Compared with the previous years' results, 1H2014 represented for the Polish insurance market rather a stagnation period, with GWP increasing by only 1.3% both on the life and non-life segments. Thus, total GWP amounted to PLN 28.09 billion (EUR 6.69 billion), while claims paid totaled PLN 17/44 billion (EUR 4.16 billion), a volume roughly comparable with the last year's first half figure.

POLAND eyes sending stakes in PGNiG gas, PZU insurance and PGE power to Silesia fund

Poland will seek to hand shares in gas firm PGNiG, insurer PZU and power utility PGE over to the Silesia investment fund, according to a motion from the Treasury Ministry to the Monday cabinet sitting. In the deal, Poland will take a new stake in the Silesia Financial Agency fund, first called to being to help Poland restructure its milling industry.



POLAND: PZU eyes move into online insurance

Three investors have been shortlisted to buy Poland's largest insurance e-comparison engine, reportedly including Link4, a unit of Poland's largest insurer PZU. The other two bidders for Rankomat.pl are private equity fund Enterprise Investors and UK insurance intermediary company, Confused.com, the daily Puls Biznesu reports.

POLAND: Medical malpractice insurance should

Employers of Poland urge  the Minister of Health to amend the act on medical activity so that medical malpractice insurance for hospitals remain voluntary rather than compulsory. This would enable hospitals to save up to several hundred thousand z

STATISTICS: POLISH insurance market up 3% in Q1 2015

Polish insurers' aggregate GWP was up by 2.95% y-o-y to PLN 14.37 billion (EUR 3.51 billion) in the first quarter of 2015, as the financial indicators published by the Polish Financial Supervision Authority (KNF) showed. Official figures also revealed that the amount of paid claims/indemnities during the period was PLN 8.72 billion, representing a decrease of 4.82% y-o-y.

POLAND: Aviva and Liberty join DCA

On 1 July Aviva and Liberty Ubezpieczenia joined companies offering Direct Claims Adjustment (DCA) to their clients. Currently, the system has been already applied by 7 insurance companies, which corresponds to ca. two thirds of the third party motor liability insurance market. In mid-October DCA is to be introduced also by the eighth insurer - Gothaer.


POLAND: PZU buys stake in Warsaw hospital

PZU Inwestycje, the asset management wing of the listed insurer PZU, has agreed to take a 60 percent stake in Warsaw hospital Centrum Medyczne Gamma, part of the largest Polish insurer's move into new lines of business.

POLAND: PZU aims to become banking giant

State-controlled Polish insurer PZU has reiterated plans to spend up to PLN 9 billion on creating a Polish banking giant. PZU has said it is in talks with two banks and could buy a third as part of a plan to create a major domestic bank able to compete with foreign-owned Polish banks.



POLAND: PZU insurance plans 2-3 banking acquisitions

The CEO of PZU Andrzej Klesyk told reporters on Monday that the Poland's largest listed insurance firm PZU is eyeing multiple banking acquisitions in Poland,. "We are looking at the deals," Klesyk said. Asked about recent reports that the firm is eyeing two or maybe three such purchases, he added: "For us, acquisition of a single bank would make no sense."

Private health insurance increasingly popular in Poland; PZU prepared to invest PLN 800 million until 2020 in its health insurance business development

Interest in private healthcare in Poland is increasing, with the number of people holding health insurance coverage amounting in 2014 to. 1.2 million, compared to 850 thousand a year earlier. Customers have paid for health insurance PLN 400.9 million (~EUR 94 million), up 19% y-o-y. The most popular are still group insurance, as the Polish Chamber of Insurers (PIU) has recently stated.

POLAND: Insurer PZU on lookout for banks?

Polish insurance giant PZU is mulling the creation of one of Poland's largest banks which may have assets of over PLN 115 billion. According to the Puls Biznesu daily, the bank could be created through the consolidation of two existing lenders on the Polish market - Alior Bank and Raiffeisen Polbank. It is thought that Bank BPH may also be in PZU's scope of interest.

Austrian VIG may resort to the M&A process in POLAND to increase its market share

The Austrian insurer VIG plans to increase its market share in Poland due to a slight decline of this indicator in 2014. The Austrian Group may resort to M&A in the process, company representatives told the local media in a press conference quoted by the news website THE WARSAW VOICE. "The Polish insurance market is growing more than twice as fast as the Austrian market and VIG Polska is expanding three times faster than the Polish market. (...) We can expect our share in the market to grow", VIG CEO Peter HAGEN said, quoted by THE WARSAW VOICE.

STATISTICS: POLAND FY2014: decreasing trend continued both in business volume and aggregated net profit terms

The Polish insurance market preserved in 2014 the downward trend established in the previous year, with GWP recording a 5% decrease (in local currency) of the overall GWP volume (7.65% in euro), to PLN 54.9 billion (EUR 12.89 billion). Life insurance segment continued to see substantial reduction in GWP, although to a less dramatic pace than one year ago (-8.3% in 2014; - 14.06% in 2013 in Polish zloty - PLN).