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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3Q2016
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1Q2016
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1H2015Market Portfolioxlsx
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FY2014Market Portfolioxlsx
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3Q2014
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3Q2014Market Portfolioxlsx
1H2014Insurance market overview pdf
1H2014Market Portfolioxlsx
1H2014Insurance Companies Rankingsxlsx
1Q2014Market portfolioxlsx
1Q2014Insurance companies rankingsxlsx
FY2013Insurance market overview pdf
FY2013Market Portfolioxlsx
FY2013Insurance Companies Rankingsxlsx
3Q2013Market Portfolioxlsx
3Q2013Insurance Companies Rankingsxlsx
1H2013Insurance market overview pdf
1H2013Market Portfolioxlsx
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1Q2013
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FY2012Insurance market overview pdf
FY2012Market Portfolioxlsx
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3Q2012Market Portfolioxlsx
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1H2012Insurance market overview pdf
1H2012Insurance Companies Rankingsxlsx
1H2012Market Portfolioxlsx
1Q2012Insurance Companies Rankingsxlsx
1Q2012Market Portfolioxlsx
FY2011Insurance market overview pdf
FY2011Market Portfolioxlsx
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3Q2011Market Portfolioxlsx
3Q2011Insurance Companies Rankingsxlsx
1H2011Insurance market overviewpdf
1H2011Market portfolio and rankingsxlsx
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's biggest bank PKO sees net profit growth despite rate cuts

Poland's biggest bank PKO BP PKO.WA is confident it can meet its target of increasing net profit in 2014, despite likely interest rate cuts that will cut into its margins, PKO Chief Executive Zbigniew Jagiello said on Thursday. Speaking at the Reuters Eastern Europe Investment Summit, Jagiello said the bank was less exposed to low rates than in the past because it now had a bigger share of short-term deposits on its books.

POLAND's PZU says may issue subordinated debt by year-end

Eastern Europe's largest insurer PZU may issue subordinated debt before the end of the year if it secures the approval of the Polish financial watchdog KNF, the group's deputy head and board member said on Thursday. "In the next two weeks we will know if we can do that (issue subordinated bond). And if KNF accepts our interpretation we will go ahead with the issue already this year," Przemyslaw Dabrowski told reporters.

STATISTICS: POLAND 1H2014: the second year of consistent drop in life insurance GWP

The Polish market continued to saw in 1H2014 the descending trend recorded in 2013. Thus, overall GWP decreased by 7.4% y-o-y, to PLN 27.7 billion, again driven by the 11.3% decrease in life insurance underwriting. However, due to the Polish zloty appreciation during the last 12 months, the market results look better denominated in euro (EUR 6.7 billion in GWP, 3.67% down y-o-y).

RSA Insurance completes sale of business in POLAND

RSA Insurance Group has completed the sale of Link4 Towarzystwo Ubezpieczen Spolka Akcyjna, its business in Poland, to Powszechny Zaklad Ubezpieczen sa (PZU), following receipt of formal regulatory approval. The sales of Lietuvos Draudimas AB (Lithuania) and the business of the Estonian branch of Codan Forsikring A/S) remains subject to obtaining relevant regulatory approvals in the respective countries.

AXA says wants to continue expansion in POLAND, eyes more takeovers

Axa Global Direct will continue to look for takeover possibilities in Poland as it wants to boost its presence in the country, the company's Chief Executive Officer Stephane Guinet said on Friday. "Axa has a strong appetite, Poland is among our core strategic markets," Guinet told reporters.

POLAND: AXA acquired mBank's insurance arm

French insurer AXA acquired for EUR 135 million the insurance arm of mBank in Poland (BRE Ubezpieczenia), reported REUTERS. Meanwhile, the two entities have signed a 10-year distribution agreement of AXA products through bank subsidiaries. Other insurers interested in the business were GENERALI and ZURICH.

POLISH insurer PZU to cut 2 pct of workforce in main units

PZU, Poland's biggest insurance group, is to cut jobs affecting up to 2 percent of the workforce in its two core units as part of a plan to streamline operations, it said on Tuesday. "Job force cuts will concern up to 230 people in PZU and PZU Zycie, which accounts for 2 percent of the workforce in both companies," PZU said in a statement.

Howden expands with POLISH broker acquisition

Hyperion broker Howden Broking Group has acquired a majority share in Polish (re)insurance broker Donoria for an undisclosed sum in order to expand its European presence, the company announced today (10 September).

POLAND's PZU prepares next bond deal

Polish insurance group plans to sell subordinated debt by the end of the year. Polish insurance group PZU plans to sell subordinated debt later this year after its debut eurobond broke records last month.