Poland

Location:
Central Europe, East of Germany

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

Natural hazards:
destructive earthquakes



Currency: Zlots (PLN)

1 EUR = 4.2623 Zlots - PLN (December 31st, 2014)
1 EUR = 4.1472 Zlots - PLN (December 31st, 2013)
1 EUR = 4.0882 Zlots - PLN (December 31st, 2012)
1 EUR = 4.4168 Zlots - PLN (December 31st, 2011)
1 EUR = 3.9603 Zlots - PLN (December 31st, 2010)

Sources:
The Polish Financial Supervision Authority (KNF)
The Polish Chamber of Insurance (PIU)
National Bank of Poland

Insurance statistics

1Q2017Market portfolioxlsx
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3Q2014
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1H2014Insurance market overview pdf
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FY2013Insurance market overview pdf
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3Q2013Market Portfolioxlsx
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1H2013Insurance market overview pdf
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1Q2013
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FY2012Insurance market overview pdf
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3Q2012Market Portfolioxlsx
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1H2012Insurance market overview pdf
1H2012Insurance Companies Rankingsxlsx
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FY2011Insurance market overview pdf
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3Q2011Market Portfolioxlsx
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1H2011Insurance market overviewpdf
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2010
Insurance market overviewpdf
2010Market portfolio and rankingsxlsx
1H2009
Polish insurance market overviewpdf
1H2009 Market portfolio xls
1H2009 Life insurance rankingsxls
1H2009
Non-Life insurance rankings (total & main lines)xls
2009Polish insurance market overview pdf
2009Market portfolioxls
2009Life insurance rankingsxls
2009Non-Life insurance rankingsxls
1H2010Polish insurance market overviewpdf
1H2010Market portfolioxls
1H2010Life insurance rankingsxls
1H2010Non-Life insurance rankings (total & main lines)xls

1Q2017 Market portfolio

1Q2017 Insurance companies rankings

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).

German insurance company to enter POLAND

HanseMerkur, Germany's travel insurance company has been preparing itself to enter the Polish market, Puls Biznesu daily reported. The firm has already employed a Polish manager responsible for the expansion, who specializes in tourism. HanseMerkur has been looking into the Polish market for years.

POLISH insurer PZU sees return on equity at 20 pct in 2020

Eastern Europe's biggest insurer PZU has forecast its return on equity (RoE) reaching 20 percent in 2020 and sees itself as one of the three biggest firms in central and eastern Europe in terms of gross written premiums, Polish state-owned press agency PAP said on Tuesday.

The Czech credit insurer KUPEG enters Poland

KUPEG, a leader on the Czech market for commercial credit insurance, has opened an office in Warsaw - the capital of Poland. According to the press release published by the company, the Polish office will offer a portfolio of services which includes insurance against the risk of non-payment of receivables from both domestic and foreign customers, as well as enforcement of insured receivables.

STATISTICS: POLAND 3Q2014: sharp decrease in the non-life segment profitability

Total value of gross premiums written by the Polish insurers in the first three quarters of 2014 amounted to PLN 40.8 billion, recording a 5.77% decrease y-o-y. Claims paid amounted to PLN 25.2 billion, about 10.1% less than a year earlier. The aggregated net profit amounted to PLN 2.65 billion on the life insurance side, up 14% y-o-y, and PLN 3 billion for the non-life insurance business (49% down y-o-y). According to a PIU (Polish Chamber of Insurers) release, this difference has to do primarily with the amount of dividends within the largest Polish insurance group.

POLISH Posts's life insurance firm approved

The Financial Supervision Authority has issued a permit for the launch of activity by Pocztowe Towarzystwo Ubezpieczen na Zycie, the life insurance unit of Polish Post, the watchdog said in a statement on Wednesday. The subsidiary will start operating in January, Polish Post said. Artur Olech will be the company's chief executive.

POLISH insurer PZU gets watchdog approval for Lithuania takeover

Polish insurer PZU has received permission from Lithuania's competition watchdog to buy Lithuanian rival Lietuvos Draudimas AB, PZU said late on Thursday. Eastern Europe's top insurer, PZU agreed to spin off part of its Lithuanian business to assuage competition concerns. State-run PZU agreed to buy Lietuvos Draudimas as part of a 360-million-euro (USD 457 million) deal struck earlier this year.