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: UNIQA - New insurance available with SkyCash application

UNIQA TPL insurance is available with SkyCash since December 2016. This is another product, after a tourist cover, developed with the application users in mind. What is more, payments can be spread over as many as 12 instalments. Customers paying their instalments on time can also take advantage of a special promotion.

POLISH motor insurers face pressure to automate and streamline operations

Motor insurance constitutes a major part of the property/casualty insurance sector in Poland. Its market share, according to the latest figures from industry association Polska Izba Ubezpieczen (PIU), is 49.9% of gross written premium. Add to that joint indemnities for compulsory motor third-party liability insurance (MTPL) and voluntary insurance policies such as accident and theft (casco), the figure rises to 68.8%.


Michael KRUPINSKI, head of PZU, awarded "Insurance Manager of the Year 2016" in Poland

Michael KRUPINSKI, head of the Polish insurance leading group, PZU, has been awarded "Insurance Manager of the year 2016" by the national financial journal "Gazeta Bankowa", while the company won the "Most friendly insurance company" award in the category of motor insurance. The awards have been granted in recognition of PZU's impressing financial evolution last year, as well as of its customer centric culture.

STATISTICS: Poland 3Q2016: Motor insurance still unprofitable despite the increasing premiums

The descendant trend established during the previous quarters in the Polish insurance market continued in Q3, with GWP falling by another 2%, to EUR 9.44 billion. While the absolute driver of the falling trend was again the life insurance segment, it is worth noting also that given the slightly weaker domestic currency has also a saying in the matter. Denominated in Polish Zloty, the GWP figure only shows a stagnant trend.


POLAND: Financial Sector Reforms are Crucial for Sustained, Inclusive Growth

Financial sector development must go beyond improving access to bank credit. Financial systems should develop in a balanced way through both bank and nonbank subsectors, including capital markets, the insurance sector, and other nonbank financial institutions to properly support inclusive growth in Europe and Central Asia, says a new World Bank report.


POLISH regulator seeks capital buffer for Commerzbank unit

Poland's financial regulator KNF has asked the country's macroeconomic stability body KSF to give an opinion on whether to recognise Polish mBank as a "systemically important institution" and require it hold a capital buffer equal to 0.5 percent of its risk exposure, the bank said late on Wednesday.

A.M. Best Affirms Ratings of Polish Re

A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of "a-" of Polskie Towarzystwo Reasekuracji S.A. (Polish Re) (Poland). The outlook for each rating is stable.

Crop insurance seminar in Torun, Poland

Between June 27th and 29th, 2016, Polish Reinsurance Company (POLISH Re) together with CONCORDIA Insurance organized an underwriting and claims handling seminar dedicated to crop insurance, which took place in Torun, the city in the northern part of Poland. The seminar gathered more than 50 people, representatives of 10 insurance markets, such as: China, Azerbaijan, Turkey, Ukraine, Moldova, Hungary, Slovenia, Croatia, Germany and Poland.

STATISTICS: POLAND, 1Q2016: maintained profitability in life insurance despite the decreasing GWP volume

The downsize trend of the Polish insurance market continued in Q1, driven by the strongly negative change recorded on the life insurance segment. Thus, total GWP amounted to EUR 3.14 billion, 10.76% less y-o-y, while the GWP decrease in life insurance GWP was of 23.37% y-o-y, to EUR 1.34 billion. The Polish zloti depreciation against euro had also a say in the significant market decrease.

POLAND: AEGON takes over management of NORDEA pension fund

AEGON Poland has signed an agreement with a Nordic financial services firm, NORDEA to take over the management of NORDEA's Polish Pillar II pension fund. The deal will make AEGON Poland the fourth largest pension fund in the country. The deal is subjected to regulatory approval.


POLISH second-pillar pension funds post negative returns

Poland's second-pillar pension funds (OFEs) generated poor results over the last year, with all the 12 funds recording negative returns. According to the Polish Financial Supervision Authority (KNF), the weighted average 12-month return, as of the end of March 2016, fell from 2.52% in 2015 to minus 6.63%, while the three-year return plunged from 25.13% to 6.34%.



POLAND's Alior keen to buy Bank BPH from GE (sources)

Poland's mid-tier lender Alior Bank ALRR.WA, owned by state-run insurer PZU, is in talks to buy its rival Bank BPH BPHP.WA from General Electric (GE.N) and hopes to complete a deal around mid-2016, three banking sources told Reuters.


POLAND: New government pushes through financial levy

Poland's new conservative-dominated parliament yesterday pushed through a controversial levy on the finance sector to help fund pre-election promises on welfare. The measure, due to take effect from February 1, will see a 0.44-per cent annual tax on the assets of banks and insurance companies.