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Insurance Market In Poland 2012-2014, CEE Insurance Series

88 Pages Inteliace Research July 01, 2012 SKU: INTL3957241

With its GDP increasing by 4.3% YoY in 2011, Poland’s economy sustained solid performance, beating growth rates achieved by all other European countries with the exception of the Baltic States. The stable economic situations of households and the improving financial condition of enterprises have definitely benefited the financial services sector.

Insurers operating in Poland recorded a strong growth in non-life premiums (+11% YoY) but a much-slower growth in life premiums (+1.4% YoY). The strength of the non-life segment could be attributed to growing average premiums (e.g., car insurance); a greater number of clients; and quickly growing, new product lines such as health insurance. The overall minor change in life insurance premiums could be attributed to quickly falling sales of deposit substitutes, which has overshadowed a healthy jump in sales of unit-linked products (+27% YoY).

On the regional level, Poland again strengthened its position as the largest insurance market in the CEE15*, increasing its share in terms of total premiums from 41% in 2010 to 42% in 2011.

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Insurance Market In Poland 2012-2014, CEE Insurance Series

Inteliace Research
July 01, 2012

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