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

PZU Group, 2017: GWP and net profit exceeding all previous records

Polish PZU Group ended 2017 with a record GWP volume, of PLN 22.8 billion (EUR 5.46 billion), 13.0% up y-o-y. The Group's consolidated net profit also increased by 78.3% y-o-y to PLN 4.2 billion, despite the occurrence of large weather losses.




POLAND: Grupa Europa launches mobile screen protection insurance

Insurer Grupa Europa, subsidiary of the global bancassurance giant Talanx International will sell mobile screen insurance policy in Poland, the company announced. The insurance will be offered through the company's app - Screenity, which could be added to existing banking apps or pre-installed on devices, the company said.



POLAND's storms to cost insurers millions: report

Insurance companies in Poland may have to pay out a staggering PLN 400 million (EUR 93.5 million, USD 110 million) in compensation for damages caused by a series of severe storms that hit the country earlier this month, a newspaper has reported.


POLAND: Orange raises price, cover of phone insurance

Orange Poland amended the conditions of the insurance service Orange Smart Care, which covers service costs for repair of a broken smartphone. Previously the limit for repair cost reimbursement was PLN 700 a year and the service cost PLN 7.98 a month. Now the operator increases the coverage to PLN 800 a year and the service will cost PLN 8.99 a month.

POLAND's Insurance Sector to Grow in 2017 But Profitability Under Pressure

Recently, two contradictory trends have been shaping the insurance market in Poland. The life insurance segment has remained in a downturn, as it continued to suffer from tighter regulatory environment in multiple areas, including: consumer protection, distribution, fiscal treatment etc. Moreover, an overall negative sentiment around insurance investment products and low interest rate environment have not helped new product sales. By contrast, the non-life segment has seen significant growth in new premium collection. This could be attributed mostly to surging car insurance premium, which has been an effect of both: increasing tariffs and a higher number of contracts.





POLAND's PKN Q1 net profit seen jumping to USD 476 mln

Poland's biggest oil refiner, PKN Orlen, is expected to post a 466-percent jump in its first quarter net profit mainly thanks to insurance payment, fuel sales and oil prices, a Reuters poll showed on Friday. The state-controlled oil firm is seen posting a bottom line of 1.9 billion zlotys (USD 476.42 million) compared to 337 million zlotys profit a year earlier, based on a forecast from eight banks and brokerages.

POLISH insurer PZU fires CEO

Polish insurance company PZU said on Wednesday that its supervisory board had dismissed its chief executive, Michal Krupinski. The firm, eastern Europe's largest insurer, did not give any reason for Krupinski's departure.

POLAND's PZU says will stick to dividend policy

Poland's state insurance firm PZU said on Thursday it would stick to its core strategies and keep paying dividends, as it watched its share price fall sharply a day after it fired its chief executive.